The USD degradation theme has played for some time now, so the smart money must have realised that alternative instruments are the way to go to protect themselves. When it comes to alternative assets, as far as liquidity goes, gold and silver have historically been the go-to assets.
Although bitcoin and some other cryptocurrencies have been pushed by cryptocurrencies crowd as the new "digital gold", digital is the key 🔑. The fluctuations are high, there is no proven use case and it is still unstable due to its speculative nature.
All push comes to shove, central banks and institutional investors are still falling back to gold. Silver, as its trusted sidekick from ancient times, will only outperform. Silver IS shooting past $50! I cannot see any other way around it. The momentum points to that. For every correction it faced, the price just goes back up stronger. Having said that, I am not sure where the price will go from there onwards. The smart bet is still up, given that is the trend, but maybe after some correction. I am hopeful that this will be my next $1000 profit to showcase in 🐯 app. [Tongue] [Grin] [Cool]
@Daily_Discussion @TigerStars @Tiger_comments @Daily_Discussion
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