It's clear from this chart parking investment in cash at a 0.00% interest account, even now is not a good decision, even in these times. While the equity markets have regained much of the March 2020 losses, they are less than a safe near term place to park. Equity markets will need almost daily management while savings accounts, money markets, and certificates of deposit only benefit your bank.
Gold has maintained, even broken through the all-time high. It continues to prove itself as a safe haven and a hedge against dollar inflation, payout much better than cash. BankofAmerica along with other investment banking firms are calling for 3,000.00 Gold in the year 2020. The estimate takes into consideration the future of a weaker dollar due to the huge increase in the United States National Debt in this crisis.
While everyone got all excited about Oil being -34.00 a barrel, it was momentary, the price of West Texas Intermediary Crude Oil. As the chart shows, Oil has a long way to recover, but it's guaranteed to continue going up. Oil prices might actually spike very high as demand grows and the huge reduction in production cannot keep pace. While the Machine is well oiled, like the tanker, it does not turn or change the momentum on a dime. Pumping and Dumping this market, going Long and Shorting makes this an excellent sector to reliably make a profit.
Bitcoin continues to be attractive as long term it's proven to grow. The ALT coin scene has shaken out considerably putting Bitcoin and Etherum back on top as the two dominant players. This means long term stability and gains. This is not a market for short term weak of heart. If you're looking to get rich quick, perhaps this is the market for going short. If you plan on going long and hope for gains Gold has enjoyed since the early 2000s this likely is the market to put down some tent pegs.
As always a diversified portfolio is the only way to ensure steady upward growth. However, in these unprecedented times, there are multiple ways of getting wealthy in once in a lifetime opportunities.
Gold has maintained, even broken through the all-time high. It continues to prove itself as a safe haven and a hedge against dollar inflation, payout much better than cash. BankofAmerica along with other investment banking firms are calling for 3,000.00 Gold in the year 2020. The estimate takes into consideration the future of a weaker dollar due to the huge increase in the United States National Debt in this crisis.
While everyone got all excited about Oil being -34.00 a barrel, it was momentary, the price of West Texas Intermediary Crude Oil. As the chart shows, Oil has a long way to recover, but it's guaranteed to continue going up. Oil prices might actually spike very high as demand grows and the huge reduction in production cannot keep pace. While the Machine is well oiled, like the tanker, it does not turn or change the momentum on a dime. Pumping and Dumping this market, going Long and Shorting makes this an excellent sector to reliably make a profit.
Bitcoin continues to be attractive as long term it's proven to grow. The ALT coin scene has shaken out considerably putting Bitcoin and Etherum back on top as the two dominant players. This means long term stability and gains. This is not a market for short term weak of heart. If you're looking to get rich quick, perhaps this is the market for going short. If you plan on going long and hope for gains Gold has enjoyed since the early 2000s this likely is the market to put down some tent pegs.
As always a diversified portfolio is the only way to ensure steady upward growth. However, in these unprecedented times, there are multiple ways of getting wealthy in once in a lifetime opportunities.