Loading ...Last November, one year ago, NVDA was around $300 and the banter here was that it was way overvalued, I agreed. Now, split-adjusted it is around $1500 a share, a 5 bagger.
We’re lucky in a pm share to get a 50% move in a given year, although there are a few that have done better. Not many though.
This really is a joke of a sector. It’s great that we’re up around $2650 or so, and the year has been good, 30% gains. But that pales in comparison to Bitcoin, which has almost doubled, but check me, doubled just in the last few months alone. We watch that thing spike 3-5% on a regular basis. We’ve had maybe 3-5 days where gold has gone up more than 2%, during this entire rally, but most days, it’s little 1/2% moves higher.
Show me the money!!!!!!!! 🙂
I literally don’t see gold as anything other than insurance for a fiat implosion anymore, but even in that case, I’m not sure it will have been better to have gold or just tech stocks, unless there is no gold available, and it seems there always is.