“Matthew Poll Indicators to Watch Around Precious Metals” Interview with DayTradeFEED.com
Matthew Poll recently say down with DayTradeFEED.com and its publishing partners (DayTradeWire.com, DayTradeForGood.com, TraderSuccessNetwork.com, Etc.) to discuss precious metals and the different indicators he watches around them. Click below to watch this interview:
“Matthew Poll Indicators to Watch Around Precious Metals” Interview Transcript:
“Gold and Silver are a unique market largely manipulated by the banks. I think people should know that First off.
I would say even specifically silver has been a market that’s been largely suppressed by the banking institutions and controlled by the banking institutions for years. The times that we’ll see gold and silver radically spike or catch up to, like, actual economic growth or economic decline or other markets like actually reacts, responsive to it the way it’s supposed to, is when it hits a breaking point.”
Back in 2008
“We saw that back in 2008, where the banks just couldn’t keep up with it. And we saw silver spike, I think it was over $60 an ounce even at that time. And so like what you if you’re looking for like a major opportunity, a major like climb or fall in those metals? You want to be looking for, not a correlation necessarily to the economy, but a massive decrease or increase that would break a boundary that the banks just couldn’t keep up with. They can’t keep up with manipulating it the way that they are.
Otherwise, I would say, gold and silver, it’s kind of a thing that people do for a long term investment. And the primary game is to hedge against inflation. So the other piece that I would add is inflation plays a big part in that.”
“If you have a sense that inflation is going to be something on the horizon, putting your money in gold and silver, at least watching the value of what you’ve earned, whether it’s through dollars yen’s euros, whatever, gold and silver, at least when we’re printing money, can print more of itself, right. It’s always going to have that tangible value.”
About Matthew Poll
Matthew Poll, AKA Matt Poll, is an entrepreneur, investor and life coach based out of Silicon Slopes in Lehi, Utah. Furthermore, he is the cofounder of GTF, a company which he helped co-found in September of 2008.
In addition to this blog, you can find Matt Poll on social media by clicking the links below: