/biz/ - Business & Finance

What are /pmg/s thoughts on the miner $AUMN? Thinking of selling it and getting into one of pan mans plays or $AUY

A friendly reminder to keep stacking.

And don't forget the canned food, seeds and to get the fuck out of the city.

Have a nice day.

t. Supercomputer.

>>21956464
Most likely 2024 (May) or after that it will lose its reserve status. That's not to say that the USD will not be around just that it's not going to have anywhere near the same prestige as before... internationally. The USD will strengthen from December/January but this has little to do with the strength of the US economy and everything to do with capital flows. When you see the USD start to gain strength in a crazy way it's the beginning of the end. When the USD gets to absurd levels of strength the end is around the corner for it. 2022 looks like the year the gates shut or start to shut on cash and PM's. 2021 will be a better year to position yourself than this year.

A strong USD will kill the economy harder than gold and silver money, a digital USD, or Wu Flu ever could. All sense of price will be out the door. The USD could be extremely strong yet house prices will be at untouchable levels due to input costs and food could look even worse. Gold and silver will not be cheap and it will not be a free and easy market to navigate - if you think this year is rektd wait till 2022.

2022 could also be a year of decline in PM's but it will not be the new long term trend. Gold will be targeted by governments more than silver. PM's could become a bit of a trap and you need to have a strong hand to last more than a decade till we come out the end of this cycle.

And, as I've said before, this is a long long road. This is what makes it more difficult than if you had some idea that it would be over in a year or two or even four. We are talking a much longer time line with potential for unimaginable contractions in real GDP in much of the world - mainly the West.

Most individual handling the risks going forward will quickly find it unmanageable. People are losing their shit over staying in their house for a few months. They have no idea.