Looking at my portfolio, the main reason I added commodities (i.e., gold and silver) is for a store of value. The US dollar has been strong over the last few years, but I believe this cannot continue. With all the debt that the Unites States has accumulated via Government, Business, and Consumers, it is only time where the dollar’s value diminishes. When countries discontinue lending us monies, hard assets will become in favor. Don’t get caught in the stampede out of the dollar. It will be too late.
Regarding cryptocurrencies, I do believe it is important to hold some in your portfolio. It is another option to hedge against the US dollar.
I hold a B.S. in Economics from Florida State University and a MBA from Nova Southeastern University. I have over 30 years experience in investing in stocks, commodities, and most recently cryptocurriences. I spent a brief stint on Wall Street where I learned some valuable lessons. My strong faith in God, my love of country, and strong desire to help others, has lead me to create and promote MonieStorm. I believe the articles, videos, and personal commentary provide useful information for the upcoming times we are about to face.