Precious metals are the new meme coins. They are absolutely terrible investments right now. The time to buy them was when they were boring for 10 years from 2013 - 2024, when no one wanted them. Not at the pinnacle of an unprecedented parabola! The only good comparison is 1980. Influencers are jumping on the next big thing, encouraging you to fully swap to precious metals. It will work until it doesn't. When it doesn't, it will hurt. Precious metal bear markets are not as forgiving as Bitcoin. The same 70% drawdowns, but they can take decades to recover. This is revenge trading for crypto goers, because they are disgruntled about last cycle's performance, especially with Altcoins. This is payday for long-term precious metal holders, and big sucker day for those buying the parabola. Whether metals continue to rise or not, there are times to buy, and times not to.

From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments