Ah_Meng
07-26
$ProShares Ultra Silver(AGQ)$  I have been adding lately... yes, it might no longer be the easy fruit 🍋‍🟩 to pick but I still believe in inflation protection instruments such as gold and silver. Property and land are others... this is a long term play. The ongoing market correction, oil price hikes are stroking fears in the market. Inflation triggered possible interest rates increase is getting ever possible. The new US Federal Reserve Chairman is not helping the situation with no guidance. Frankly speaking, rather than setting the direction for rates, the new chair 🪑 feels more like, a chair 🪑! It appears that he is simply another vote among the 12 voting members. So, there's also nothing much he could say, since he doesn't have a clue which way his members would turn! What an irony... this Trump's second term is slowly turning into a big joke for the rest of the world. The worst part is the audience group in the rest of the world 🌍 is also suffering the consequences of his incompetency! That reaffirmed my belief to continue my insurance protection of using gold and silver. I am not a fan of bitcoin since Trump has also attempted to manipulate that end of the market for his family's fortunes.

Just my 2 cents. When you run into the mountains, remember to bring some precious metals... [Tongue]  [Silence]  


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Comments

  • koolgal
    07-27
    koolgal
    May you stay true to your belief.  Congratulations 🥰🥰🥰🌈🌈🌈💰💰💰
    • Ah_Meng
      Gee… thanks 🙏!!! Stay true is the key! For these kind of trades, many give up when the loss stacks up… gold and silver are just insurance
  • PandoraHaggai
    07-27
    PandoraHaggai
    Started adding AGQ lately too, this is insurance not a trade
    • Ah_Meng
      Agree. Having said that, AGQ is a leverage play and like so many of its fellow leveraged ETFs includes a time decay effect. They are good adds when the direction is right, perform badly even if its principal is going nowhere. I have gold and silver as insurance, these ETFs as boosters
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