Most Popular
1. Banking Crisis is Stocks Bull Market Buying Opportunity - Nadeem_Walayat
2.The Crypto Signal for the Precious Metals Market - P_Radomski_CFA
3. One Possible Outcome to a New World Order - Raymond_Matison
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
5. Apple AAPL Stock Trend and Earnings Analysis - Nadeem_Walayat
6.AI, Stocks, and Gold Stocks – Connected After All - P_Radomski_CFA
7.Stock Market CHEAT SHEET - - Nadeem_Walayat
8.US Debt Ceiling Crisis Smoke and Mirrors Circus - Nadeem_Walayat
9.Silver Price May Explode - Avi_Gilburt
10.More US Banks Could Collapse -- A Lot More- EWI
Last 7 days
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24
Stock Market Breadth - 24th Mar 24
Stock Market Margin Debt Indicator - 24th Mar 24
It’s Easy to Scream Stocks Bubble! - 24th Mar 24
Stocks: What to Make of All This Insider Selling- 24th Mar 24
Money Supply Continues To Fall, Economy Worsens – Investors Don’t Care - 24th Mar 24
Get an Edge in the Crypto Market with Order Flow - 24th Mar 24
US Presidential Election Cycle and Recessions - 18th Mar 24
US Recession Already Happened in 2022! - 18th Mar 24
AI can now remember everything you say - 18th Mar 24
Bitcoin Crypto Mania 2024 - MicroStrategy MSTR Blow off Top! - 14th Mar 24
Bitcoin Gravy Train Trend Forecast 2024 - 11th Mar 24
Gold and the Long-Term Inflation Cycle - 11th Mar 24
Fed’s Next Intertest Rate Move might not align with popular consensus - 11th Mar 24
Two Reasons The Fed Manipulates Interest Rates - 11th Mar 24
US Dollar Trend 2024 - 9th Mar 2024
The Bond Trade and Interest Rates - 9th Mar 2024
Investors Don’t Believe the Gold Rally, Still Prefer General Stocks - 9th Mar 2024
Paper Gold Vs. Real Gold: It's Important to Know the Difference - 9th Mar 2024
Stocks: What This "Record Extreme" Indicator May Be Signaling - 9th Mar 2024
My 3 Favorite Trade Setups - Elliott Wave Course - 9th Mar 2024
Bitcoin Crypto Bubble Mania! - 4th Mar 2024
US Interest Rates - When WIll the Fed Pivot - 1st Mar 2024
S&P Stock Market Real Earnings Yield - 29th Feb 2024
US Unemployment is a Fake Statistic - 29th Feb 2024
U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - 29th Feb 2024
What a Breakdown in Silver Mining Stocks! What an Opportunity! - 29th Feb 2024
Why AI will Soon become SA - Synthetic Intelligence - The Machine Learning Megatrend - 29th Feb 2024
Keep Calm and Carry on Buying Quantum AI Tech Stocks - 19th Feb 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

If You Listen to Youtube Commenters Gold Is Dead And Crypto Will Never, Ever Go Down In Price

Commodities / Gold and Silver 2017 Dec 19, 2017 - 10:40 AM GMT

By: Jeff_Berwick

Commodities

If you read the Youtube comments, many people think I am crazy for suggesting that those who have held crypto for the last year, or longer, and who have gains of 2,000-600,000% might want to take some profits and invest in an unloved sector like precious metals and gold stocks.

This is very interesting, because for the last six years, whenever I would mention that people should invest in cryptocurrencies as well as precious metals, many Youtube commenters would jeer me as being crazy for investing in a Ponzi scheme or scam such as bitcoin.


In other words, we’ve seen a complete 180-degree turn in public sentiment.

Cryptocurrencies were hated until this year… and now they are deemed to be impervious to any sort of correction or crash.

And precious metals were loved until this year… and now are deemed to be dead assets that will never rise again.

You can understand how crazy group psychology is by reading the Youtube comments!

Just read the comments in my recent video with Collin Kettell of Palisade Global where I suggested taking a small amount of crypto profits and putting them into precious metals.

In our talk, Collin mentioned there was an initial air of bitterness that existed between commodity and crypto investors early on, especially because many hard asset investors missed out on some of the early gains in the cryptocurrency space.

And we touched upon the fact that because mining stocks and hard assets have been relatively flat or languishing to some degree since crypto has risen in popularity over the last year or so meaning that this could be a great buying opportunity to add to your positions or establish new ones.

Collin believes that for the next year or so it’s likely that cryptocurrencies will continue to take the limelight, but as the hype subsides, it’s quite likely that people will begin moving a lot of their earnings back into the most well-known safe havens; gold.

We also had a chance to cover Mexican Gold Corp's new gold strike and the big gains that are possible, the uranium sector, as well as how the world's biggest producers including Cameco are doing after Kazakhstan cut uranium production. And stocks which are likely to rise.

Yes, there are other things going on in the world besides cryptocurrencies! And you can hear about it all in our interview:

Or, just go and read the Youtube comments on the video to see how dramatically public perception of cryptos and precious metals have changed in the last year.

Collin Kettell will be a returning speaker to the TDV Internationalization & Investment Summit, held on February 19th in Acapulco, Mexico along with Ed Bugos, G. Edward Griffin, Roger Ver, Trace Mayer, David Morgan, Bix Weir and many more. For more on that, and to register before it is sold out, click here.

Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media.

© 2017 Copyright Jeff Berwick - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Jeff Berwick Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in