It’s really a shame that so many people are too stubborn to see what’s happening. I guess the belief in gold just makes people stupid.
Folks we have multiple bubbles that are going to form over the next several years. The first one is occurring in bitcoin right now. But that will hardly be the last, and it’s a little late to be jumping on the bitcoin bubble. It’s already 6 months into the vertical phase.
So many traders refuse to see the bubble forming in stocks. They refuse to consider any investment other than gold as being valid. The same thing that will eventually drive the bubble phase in gold is now driving the bubble in bitcoin, and the bubble just starting in the stock market.
I’ve tried everything short of beating people over the head to get them to focus on the stock market right now. That’s where the next bubble will occur, and where the easy money will be for the next 6-8 months. Sadly most gold bugs just continue to ignore me.
Once the bitcoin and stock bubbles have run their course one should take their profits and plow it into the metals market as that’s where the last bubble will occur.
Central banks have created a once in the history of the world opportunity to profit from multiple bubbles.
Why limit yourself to one bubble that’s still a ways off when you can profit from two or three of them?