A new reserve currency is inevitable... the dollar-gold relationship is more critical now than ever.
Investors should prepare for both outcomes. Above all, that means owning gold. If the world chooses the wiser path, it will require massive amounts of commodities.
Are We Headed For Deflation Or Perhaps The Better Side of Inflation?
In my opinion, there will be some event that will happen soon that will cause the market to come down sharply. And when that happens, I think that will set the stage for what people are calling this ‘monetary reset’ where you have a new monetary system.
How many Financial Advisers tell you to have about 10% of your money in gold or commodities when, in fact, gold has been the best performing asset over the past 20 years.
IF GOLD STARTS FLYING, THE DOLLAR WILL START CRUMBLING AND IT WILL BE A WHOLE NEW BALLGAME!
IN THE FIRST 40 YEARS OF THE 21ST CENTURY, OWNING GOLD (BURYING IT IN YOUR BACKYARD OR BUYING AN ETF) OUTPERFORMED THE S&P 500 - WITH DIVIDENDS REINVESTED IT OUTPERFORMED THE S&P 500 FIVEFOLD. CASE CLOSED!
First, I will tell you briefly what you should NOT do in regard to Bitcoin- which is buy it.
You want to stay away from ETFs that are so-called twofold and threefold. If a particular group of stocks goes up- they go up twice as much. It seems very enticing- avoid it.