Facts are facts, and they should never be denied. To do so is at your own peril. Foolishly, investors try time and time again to ignore reality and invest purely based on their emotions, which in the end, often results in massive losses, as the herd mentality overtakes common sense and the facts fall by the wayside.
The fact is, despite what many would otherwise wish in the precious metals space, Bitcoin and other cryptocurrencies stole gold and silvers lunch last year. The gains were phenomenal, and up until the last few weeks of December, parabolic.
Now, as I have predicted in many recent articles, the curtain is being pulled back, and the facts are being exposed for what they are. Bitcoin has been proven to be a revolutionary technology, but sadly, one that fails in its original goal of being a digital replacement for fiat money. Soaring transaction fee's have been exposed and unless prices fall significantly, then this vital function of Bitcoin will become void.
Another trend that developed in the last few week's of 2017, was one that I also stated would happen once the price of Bitcoin began to go the other direction, and one that I can only see accelerating from this point out. Significant gains in precious metals.
Not only did the spot price of precious metals experience a significant rebound in the latter days of the years, but so too did the price of mining shares, shares which have significantly under-performed the broader market for years, another fact that cannot be denied.
Heading into 2018, I believe that this trend is only going to pick up in speed. But not just for gold and silver. What we are going to see is a recovery in commodities as a whole, unless we experience a systemic collapse in the broader financial markets as a whole, because of a large economic collapse.
This is always a possibility given our increasingly unstable geopolitical climate, as we are seeing with the continuing tensions between the United States and North Korea. In addition to this, Iran is facing a full blown revolution, one that could lead to a chain reaction in the middle east and send it into another dark age.
Sadly, this would be unfortunate for the world as a whole, but a huge boon for oil and precious metals, if it were to unfold.
The facts are indeed grim, but luckily, people are "waking up" at a rate never before seen, as the facts are being exposed at an increasingly faster rate. Even if you have to shift through a pile of rubbish to find the truth, it is there to be found. Alternative media is leading the charge in this regard, as the dying Mainstream Media continues to destroy itself by pumping out a never ending supply of fake news and propaganda.
The financial world is also noticing this, and they can see the writing on the wall. This is why commodities as a whole are beginning to make significant gains in the start of 2018. The easy money has been made in the crypto space and now "some" of the funds that were being diverted into that space are now moving back into hard assets.
Hard money, whether it be gold, silver, or oil, are going to begin to come back into vogue throughout 2018. This is a trend we are going to see accelerating throughout the year and gain even more traction as we head into 2019.
The tides of change are coming, and a depressed
- As Originally Seen on the Sprott Money Blog
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