08/10/2024
Click bait gurus.
When we watch our favourite channels, we cant help to see videos about predictions, doomsday market crash and the end of the dollar, just to name a few.
The funny thing is that more than often, they will contradict themselves at one point or another. The one thing they have in common is that they are benefiting their associates, their services and themselves. Either the information is true or not, for them it doesn't matter.
What matters is that you click on their videos and hopefully, you will be gullible enough to believe them.
I've seen everything, well so far.
From 40000$ per ounce of gold by 2030 to a 3300% upside on silver in 2025, tons of fake analysts and "market experts" out there will try to fool you and your money into oblivion.
One day they will post videos about the massive benefit and upside of investing in precious metals. The next day, they will post videos stating that silver and gold are in big trouble. See what I mean?
Remember the new "black Monday" this week? The stock market reacted to the Japanese carry trade and corrected itself by more than a thousand points. Other factors were in play like a looming war in the middle east.
The gurus went hard at work this week. Some predicted the total collapse of the American economy, others talking about a possible world war 3. Anything to get some views. Some less scrupulous individual were "advising" their viewers to sell every stock they got, to get out before it's too late! Imagine selling all your stocks only to see the Dow going up again the next day.
It worked because retailers lost trillions of dollars amid the panic in another big wealth transfer.
Warren Buffet dumped massive amounts of stocks 4 days before the correction. He knew that the Japanese would raise their interests.
Loans don't count as a revenue so it cannot be taxed. They buy stocks with loans at minimal rates and only pay taxes when they sell. That alone should tell you something.
Creating urgency.
A good salesman knows that it's the basic. It creates a FOMO (fear of missing out) and can lead viewers into making dubious investments. Consumers who are tricked by that urgency will react. The oldest trick in the book.
And it works! Everyday I see their subs going up. Words like crash, trouble or dedolarisation are catchy.
I'm no expert but I strongly doubt that silver will go up 3300% by next year. Gold will probably not achieve 40000$ per ounce in 2030. If you invest with that in mind, you will be greatly disappointed.
There's no way of knowing where the spot price will be in the near future, no one knows for a certainty.
Central banks, according to a anonymous insider, will dump their gold by November. Massive rug pull by banks looming? Time to sell. Big trouble ahead for silver and gold.
See what I did there?
Now if I had a channel with hundreds of thousands of viewers, some of them will likely believe every single word.
They are in fact hints out there that one can see silver, as an example, going up. Bad jobs report data, rate cuts, war etc... If the feds decides to cut the rates, the dollar, in general, goes down. If the dollar goes down, silver will likely react by going up, slightly.
That's it. There's no magic trick to it. There's no 3300% upside to be made next year. Otherwise, institutional investors and retailers alike would position all their assets on silver right now.
Gold and silver are not like stock, it's are not an investment. It's a tangible wealth preservation. There's no major upside to it.
It's supposed to be fun and relaxing. It can also lead to a great hobby.
Knowing that part of your portfolio is safe from inflation and geopolitical uncertainties should be enough.
Be aware, do your homework and be vigilant.
One channel that I follow and recommend is; www.youtube.com/
Sal, as we call him, is a down to earth You-Tuber. It's a great channel to learn and to keep yourself updated on precious metals.