If you're gonna buy the dip, now is the right time. Short term gains up to 100% and after that you might wanna secure some. The only thing that matters with these assets is that you buy the real thing. If you buy crypto make sure to send it home to your local wallet. If you buy gold have it delivered to you and put it in your own safe.
Otherwise you'll get scammed by some fake certificate claiming to be backed by the real asset, which it isn't. The fake certificates are used to keep the price down on assets like gold, which would have been worth a lot more if it wasn't for scummy bankers.
I wouldn't trust any of that, unless I could actually touch the gold and verify that it exists. Kind of like a security deposit box where I have my key and the bank have a key and both keys are needed to open the box. But I'd rather keep gold in my own safe.
Well FOREX isn't my thing as I pretty much only trade stocks and options. That said, you'd be a special kind of retarded to buy either Gold or Bitcoin at their current levels. Depending on your situation it might be better to invest in real estate or diversified interest. Or just plain old stocks. Commodities are pretty much a no-brainer moving forward, especially steel. AMS:MT is criminally cheap right now especially given the current market direction.
Commodities are a good bet right now. AMS:mt is a gargantuan producer. Worst case scenario you don't make big gains....but you won't be losing money on it.
TIPS
Treasury Inflation Protected Securities
I keep 1/3 of bond money in TIPS
But it does require a solvent USA Government. Not foolproof.
"May" lol
If you're gonna buy the dip, now is the right time. Short term gains up to 100% and after that you might wanna secure some. The only thing that matters with these assets is that you buy the real thing. If you buy crypto make sure to send it home to your local wallet. If you buy gold have it delivered to you and put it in your own safe.
Otherwise you'll get scammed by some fake certificate claiming to be backed by the real asset, which it isn't. The fake certificates are used to keep the price down on assets like gold, which would have been worth a lot more if it wasn't for scummy bankers.
For gold, what about Brink's security or another well known gold storage facility?
I wouldn't trust any of that, unless I could actually touch the gold and verify that it exists. Kind of like a security deposit box where I have my key and the bank have a key and both keys are needed to open the box. But I'd rather keep gold in my own safe.
Well FOREX isn't my thing as I pretty much only trade stocks and options. That said, you'd be a special kind of retarded to buy either Gold or Bitcoin at their current levels. Depending on your situation it might be better to invest in real estate or diversified interest. Or just plain old stocks. Commodities are pretty much a no-brainer moving forward, especially steel. AMS:MT is criminally cheap right now especially given the current market direction.
Most assets will be better than cash, worst case scenario you lost less than holding cash
what is AMS:MT?
Arcelor Mittal.
Popping right as I'm typing this.
Steel... interesting
Commodities are a good bet right now. AMS:mt is a gargantuan producer. Worst case scenario you don't make big gains....but you won't be losing money on it.