When you fire the director of the bureau of labor statistics and cook the books, it takes a while for the market to realize what's happening. If you own stocks, you may want to sell now while the getting is good.
Pffft... from what I understand the director was the one cooking the numbers -- or should I say changing them up! That is why she was fired!
Furthermore, my AMC stock isn't worth shit -- hasn't been worth shit since that scam they call a "reverse split" went down. Think I'll hold them at this point.
You know who could marinade and cook the books better than anyone?
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What is to give light must endure burning -- Viktor Frankl
Sure is. 4 years ago I remember $1200-1400 and didn't jump. I was buying silver. Silver will jump. 1873 the ratio was 20 silver to 1 gold piece (double eagle, $20),,, a 20:1 ratio. Today it has risen to a 87:1 ratio, silver WILL go. Pass $50, look out. Silver has been suppressed. Over 50% is industrial use where only 7% of gold is industrial. A fucking missle has 15# silver in the nose. It's been kept down so the pentagon can buy low, industry can buy low. With feds setting a new lower interest rate today that will trigger a precious metal rise. Silver should be at least a 70:1, had been a 40:1 a long time.
Think of this. In 1964 I watched my uncle blow a gasket when gas hit 10 cents. A single silver dime bought a gallon. With todays FIAT dollar it takes roughly 30 dimes to buy a gallon. BUTTTTTTT a silver dime, mercury dime, pre 64 is worth $3.05 cents today. A gallon with a nickelback. Silver keeps up with inflation, fiat is crap. Since 1913 when a dollar was worth 100 cents to today where it's buying power is 3 cents and going down.
What happens when it goes to 0? And it will, prove me wrong. You can't buy a dozen eggs then, not with 1000 dimes, but you could trade a SILVER dime, tenth ounce. Called barter, worked, like back when tariffs were all we needed not taxes.
Buy a roll of silver dimes, mercury, barber off ebay. Bout $160 shipped, 50 dimes. Dollar crashes you'll wish you had more. Ammo etc is barter material. FIAT dollar is not, niether is bitwad or whatever it is.
Silver has increased a lot in value over the decades. Pound for pound, dollar for dollar it seems to be yielding some impressive returns. Seen a video the other day of a guy who paid for $150 block of it got paid almost $350 when he changed it in recently!
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What is to give light must endure burning -- Viktor Frankl
It has gone up 50% in the last 3 months. It's doing some bouncing a bit now but I got 20 oz, spot was around $48.50. It was a good dip, $54 two days before. Prob $60 by year end. Silver is hot now but it's not a get rich thing. More like real estate where it's longer term. Both protect your wealth against inflation. Fiat dollar doesn't.
In 1985 gold was $327 an ounce... at the same period silver was trading for just under $10 and ounce.
Given current market prices it's clear to see which one was the best performing... current spot prices on gold per ounce are at $4112.04, which means an increase of 1250%!
Silver currently has a spot price of $48.58 an ounce, which means an increase of 480%.
I love gooooooooooold! lol
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What is to give light must endure burning -- Viktor Frankl
I did a 3 year stacking, cost averaged it out yesterday. Sept 23 to today. 25% gain when averaged. Silver I bought in 23 has doubled. Last 10 years it's averaged 35% a year. It's not a get rich plan, but a hedge against inflation. Heat pump goes out, bring some silver to the coin shop and trade for paper. Otherwise hang on to it.
You don't use a natural gas furnace down there? I'm not convinced on this whole heat-pump thing, which on a mini-split unit basically is like running an AC unit in reverse. Massive bills in the winter using a mini-split to heat an area!
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What is to give light must endure burning -- Viktor Frankl
