Precious metals have long been considered a hedge against inflation, and according to the charts, prices in this space are poised to move higher.
I see a good pattern on the VanEck Vectors Junior Gold Miners exchange-traded fund.
As prices go up everywhere else, what can we expect for gold and silver?
Outside of the ETF launch which could generate flow into the crypto space, it is important to ask what the real theme is for Bitcoin.
Geodrill drills for gold and minerals, while Vicinity Motor has EV busses.
The real issue is that they don't know and are just hoping that "inflation is transitory".
When the currency starts to lose buying power a move to hard currency like precious metals is a strong alternative.
Many U.S. companies could see their earnings dinged by unfavorable exchange rates, which would hurt their share prices.
As the Fed keeps printing, gold is likely to increase in value. Here's how to 'mine' for earnings.
Gold's value is its timelessness. Crypto? It's its timeliness, and, I fear, not much more.