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LMLYP

04/20/21 11:58 PM

#780 RE: LMLYP #779

Precious metals are the only long term (bible times) store of wealth, and I view it as an alternative or equal to cash. It has probably gone up one percent a year if I were to do a forever chart. Or maybe lost money. It is nowhere near the losses of fiat currencies. The dollar is down 98 percent in its lifetime, or a shorter time period according to Slim, so I rather have a store of wealth, than a destruction of wealth as an alternative to cash. With that said, I want to have cash, so I can take advantage of stock market opportunities. Slim and I discuss all the time building a position in commodities.

With the printing presses around the world now in a forever printing mode and unlimited sums of money, there is no other option than to have gold and silver in your portfolio's. Whether it is 2.5 percent, 5%, 10 percent or 50, I think it is important.

Right now, gold and silver are at 0.5% in worldwide assets, (or the US).
In my lifetime, it has been 2.5% and up to 8%.

When Gen Z and Millenials discover this, there will be a tremendous move. It's a slow grower, but a play. Like I said, I think there is a trade to 2100, and am hoping to get more of my miners at $1730 technically