Quote:
Originally Posted by gregpark
I invested in gold and silver in 2018. They have appreciated 185% and 235% in US dollars respectively (and increasing weekly). In reality the value of the metals have not appreciated, but rather, the US dollar has depreciated and will continue to do so due to our irresponsible and unsustainable debt. The US dollar has been the premier currency of the world for over 80 years and we are at the end of our cycle. All fiat currencies throughout history have proven finite.This scene has been repeated over and over throughout history. We're hardly alone at this time, no currency on earth is based on anything tangible anymore and eventually commodities (especially gold and siver) will be the only real wealth again. It's hard for us to wrap our heads around this because the Dollar has been king our whole lives but it's happening and happening now.
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Compare gold to a basket of other currencies, or other assets. Some of their move in USD is USD weakness, most is simply appreciation.