You Don't Need To Predict The Gold Price To Know Where Silver And Mining Stocks Are Going

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People have gotten used to thinking about whether they should buy something or not by looking at the price predictions of some guru, because of the influence that the crypto gurus have had on internet financial content over the past seven years now, whether that content be on social media feeds or Youtube videos.

Many people got excited into buying Bitcoin ETF’s solely on the basis of crypto guru predictions that the Bitcoin price would go to $100,000 and then once it hit $100,000 those same gurus simply increased their prediction to one million. The social media feeds push this type of talk, because it is what the most people want to hear, but as a result they get very little solid information at all, and end up not knowing what they are even doing, having made themselves dependent on ultimately useless price predictions.

The reality is that no one can really predict the exact price something is going to go to and making decisions based on such predictions can lead to losing money. So instead of going to one million, last year Bitcoin completely broke down to become one of the worst performing assets in the entire financial market, badly lagging the S&P 500, failing to go up when the US dollar goes down, or the Federal Reserve comes under attack, as the crypto gurus claimed it would do as a safe haven.

Gold, though, has only gone up and up and so has silver, which finally caught the attention of people once it smashed through $50 an ounce and went to $70. Yesterday, it closed above $80 and gold finished at an all time high.