One not so great aspect of it right now is that it’s still in ICO stage, meaning only @KinesisMonetary can sell it
That shows a lack of confidence in the price. They “temporarily” suspended trading of KVT for users two years ago
I just question what “temporary” means in this regard. Sounds like a similar time period to “transitory”
Actually longer now, transitory was only one year for the fed’s usage of it
Not saying KVT can’t be a good investment, I just very much question the price that some people seem to be paying for it, I legitimately think it would crash 80-90% if they let it freely trade right now
But if metals go up a few multiples the valuation would make more sense
Again, there are some big names in our PM community who are very bullish on KVT, more power to them
Let's talk #Gold and #Silver price targets for the current bull run, follow along and see if you're picking up what I'm putting down
Start with long duration TIPS ETF, $LTPZ
Just broke out of a perfect cup and handle, and using the basic extension puts it on a path to $99
Next look at #Gold relative to long duration TIPS,
the $PHYS / $LTPZ ratio
It's been on an steady uptrend since 2015, and if you ignore the covid period, has a solid upper resistance as well, which if it touched in the next 6 months, would be a ratio of roughly 0.1750
Combining these first two elements you'd get roughly $2200 for #Gold
And if we look at the Gold / #Silver ratio, plotted with fib levels, you can see the red trendline would get us to the 1.618 extension in late Q1 2022, or a 51 GSR
The fact that @PeterSchiff defended unallocated #silver accounts again on his show, but without adding anything of substance, shows what a great job the true precious metals community is doing
Keep educating people as to what these accounts are, get a refund, buy real metal!
I’m clearly not alone in saying this, but the metal just isn’t there
You are lending money and paying a shitload of fees to do so
You have little to no rights in these contracts. It’s simply a terrible product
@PeterSchiff and his bank EuroPac collect massive fees to push you into it
Just because he says you should diversify doesn’t mean he didn’t recommend putting part of your money into the single worst precious metals product that exists, for his own gain
$BTC longs looking to park money during the bear market should consider #silver
Another dollar-bear, inflation hedge, scarcity asset play
21 million total bitcoin, only 2 million of the 1000 oz silver bars. Respective prices are ~$50k vs ~$26k
10x as scarce, 1/2 the cost
not to mention the fact that a majority of annual silver that gets mined is used in swiftly growing high-tech industries such as EVs, solar, chips, batteries, satellites, etc
It has a baseline demand that's functional and burns supply
As you will prefer a highly liquid, digital form, $PSLV is one of the easiest ways
Some sites do direct crypto to silver when ordering physical, or keep it tokenized and go with Kinesis or other crypto-focused platforms
I listened to you discuss oil on the Silver Fortune podcast @SRSroccoReport
I have a couple of questions on that energy outlook
1. What about the countervailing trend of increased energy efficiency, better MPG, reduced electricity usage in lighting and AC, electric vehicles?
Over the last decade alone I saw in another report the ‘bite’ of higher oil prices has been reduced by 30% due to the last decade of progress, why will this not continue?
2. As oil prices rise, it incentivizes renewables to proliferate faster, and scale makes them cheaper
3. Impacts of increased remote and virtual work?
4. Impacts of high density indoor farming, and localized energy production via solar/wind reducing need to transport food and carbon based fuels?