I recently sold all of my positions in the commodity sector because it was looking too hot as it had risen 30%-40%.
Good job, gaining like that and locking in that increase is fantastic. Even if crypto and metals do not perform as well as stocks, I wonder if there is an "in the hand" advantage. Holding the vault and holding the keys, means you're holding the assets. With (fractional reserve) banks, and with stocks, it feels like the money is sort of vapor-ware. Of course, when we pay the bills and buy cool stuff using vapor-ware, I suppose that's what we need a lot of. I'm just wondering if some day the ratio between fiat/crypto and fiat/gold is going to dramatically change.
As much as I enjoy stacking, someday they will be throwing their gold and silver into the streets as useless, probably wishing it were a cheeseburger. How much more crypto or stocks or bonds or cash.
They will throw their silver into the streets, and their gold will seem unclean. Their silver and gold cannot save them. Ezekiel 7:19
It's nice to look at the prophecies and really just look up to the almighty. At the same time it's never bad to hedge for calamity in its different forms. Holding assets is holding more than "vapor" but you need it to pay for bills. Owning nothing and being happy is infeasible. Owning something and being happy is a better goal. Food is number one, physical assets are number two.