GREY:NEVDQ - Post by User
Post by
bogfiton Aug 27, 2022 11:31am
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Post# 34924462
" get into gold" Perhaps not a good idea now.
" get into gold" Perhaps not a good idea now.Why? Because as the global economy falters due to food scarcity and subsequent civil unrest, as capital is withdrawn from EM markets and USD purchased, POG will not appreciate. IMO silver is a better investment. Why? Because any increase in POG will pull up silver, however demand for silver is also expected to double as its consumption in Solar/EV is considerable.
I do not see a particularly hard landing for the economy this year, however the risk of a recession is still viable. In 2008 HUI fell 35%, POG gained 5%
A safer investment over the next year is a manufacturer of commercial air conditioning (AAON) that has expanded this year into “clean room” applications, facilities which should sprout up as chip production is brought home for national defense reasons. The warming of the Earth should cause greater need for environmental cooling of office bldg. and manufacturing plants.
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