I guess old habits die hard, given that over the last year gold and silver have done very well, which kind of makes traditional sense given the amount of uncertainty in the global economy.
And in uncertain times capital has ended up resting in these two traditional stores of value.
Both assets have bounced around a fair bit, but followed the same overall pattern... up!
Gold 1 year trend...
Gold has just gone persistently upward over the last year, I mean that's a STEADY increase!
Silver 1 year trend...
Silver's had a bit more of a bumpy ride, but the overall trajectory has been the same....
Risk off?
I mean this is traditionally what happens when global events make investing in other asset classes less appealing... US elections coming up = uncertainty, Trump and his tariffs = uncertainty, perpetual war over natural resources = uncertainty.
Hence why it's understandable that gold and silver have been increasing in value.
Still a good buy...?
This is a case of 'I wish I'd bought more a few years ago', but hindsight is a fine thing!
I'm honestly not sure, but my own gut feeling is that gold and silver are going to continue to be safe-bets, at least an inflation hedge going forwards, so I wouldn't rule out stacking a little bit more even at these prices.
But I probably wont' be shifting huge wealth over to gold and silver, only cash holdings.
I'd more inclined to buy what's dipping...
And that's BTC and some stocks, so I think that's what I'll do over the coming weeks, buy some more and a little more gold and silver, it's certainly a good time to offload some cash me feels!
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