As long as earnings are solid, and interest rates aren't too high things should be ok. I have been investing since the early 90's, experiencing the internet boom and bust firsthand. I am familiar with Mr. Anabolic's position. At one time I was a big follower of gold bug Eric Sprott, and his fellow gloom and doom community. He made a fortune riding Gold up from under 300 bucks. The arguments made sense. Fiat money is being diluted and world debt keeps growing at unsustainable levels. I was very overweight in gold and silver, both stocks and physical. About 35% of my portfolio was in precious metals. Initially it did well, but since 2012 it has been absolutely horrible. Many big names from the time pressing juniors in particular like Sprott, Grandich, Faber, Schiff have suffered major loses . The only thing that saved my portfolio was U.S. tech stocks, financials, pharma and fintech stocks. Many have doubled or tripled in the last 5 years. Despite the precious metal under performance, the returns overall have been decent.
I sold all my gold and silver stocks in 2016 and 2017 but have kept the physical for now. It now represents about 10% of my portfolio as everything else has grown. The under performing 10 percent. During times of political turmoil precious metals have proven not to be a safe haven. As a store of value for inflation, precious metals are also not avenue of choice. The goldbugs have been wrong on their predictions day after day. The old saying, 'the markets can remain irrational longer than you can remain solvent' may apply here. Many gold companies like Goldcorp and Sprott are now developing their own crypto currencies backed by gold to cash in on the trend. The role of precious metals is clearly diminishing as new alternatives are being developed with mass adoption.
Most crypto currencies are pure fraud at this point. Pump and dumps. The area is too unregulated. Some are being utilized in the payments space in particular. The earnings aren't there either. I made a little off them this year with play money (under 10K in) like so many others but it is speculative, not my brand of investing. I am currently out. Bagging on Gib is silly. He made money seeing the bubble form which often happens when you have everyday Joe's piling into the stock market. The same mania happened to the marijuana investments this year. He got out on the right side. Wall street does it all the time.
