fed meeting is weds.. raise rates or not to raise rates.. bitcoin is up while gold and silver is down.. buy silver now while it is under 14.00 or buy bitcoins over 440.00 ?? i do not believe they will really raise rates. either way weds is the day we will find out and see what happens. i have this feeling that metals is going to get harder to obtain. i was in a shop today that had 2015 silver eagles priced at $19.00 if buy 100 or more coins.. that is still a good price at $5.00 over spot if you consider silver was $30.00+ a few months ago.. although the same shop had engelhard 100oz bars for $15.50 an oz if you bought more than one. which btw.. they stopped making 100oz engelhard bars in 2006. .. coinbase has bitcoins at $446.00 each. which is best deal ??........
The best is probably having some of both -after keeping a 30% in cash for the moment. imho gold and silver could keep dropping for a few months more, maybe another 20% or so. This looks like a good time to stack some silver if you assume that the downside risk should be contained. But as an hodler of PM since 2007 I kept wrong assumptions about downside risk for a long time -not to speak about my hodling bitcoins :-D
About the upside potential, my bet is on bitcoins atm. But I'm ready to trade some btc for PM when btc overshoots or when my view will change.
