RE:RE:wallstreetbetsIt’s good for all PM’s. The investment strategy of “don’t trust paper assets, synthetic assets” coupled with “stick it to the man” will invariably migrate from a symbolic stand over an irrelevant little retail business in GME to PM’s.
The young ‘ens have to learn that physical gold and silver has no counterparty and is real forever money suitable for their “diamond hands” determination. Their parents are watching and thinking they might like to make a protest too, but a lot more prudently. PM’s.
We live in an inflection point time. Lots of people are riled up. Personally I point to accelerating wealth and income inequality as the root cause. The Uber-wealthy have used the political system and the public purse to drive up the value of their assets while dodging paying a fair share of taxes, leaving a massive pile of debt to be paid by all. The lie of “trickle down” tax cuts will finally sink into the reptilian brains of misguided reformers pushing in the wrong direction. The con man is half exposed. 2016-2021 US Nat’l debt UP 37%.
Got gold and silver?
More craziness to come. It is not all calming and fuzzy feeling. But little shifts in a lot of boomer portfolios into some PM for fear of missing out or General disgust and mistrust won’t hurt the cause of Treaty Creek or Del Norte one bit.
cg