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"But far more numerous was the herd of such, Who think too little and who talk too much." -John Dryden -
So a few days ago my son wanted to invest in the stock market, and I told him to really do anything with stocks it takes a few $K to benefit.
He has about $80, and has since decided to go to the coin shop. I asked him if we wanted 90% .gov minted old AG coins, and he said the equiv. of "nope, generic bullion AG".
#AnotherProudDad
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I love this guys old intro:
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Covered for a 2% gain.
One thing about endless printing, there is very few times to lean against it and "winning". Can't ever be greedy in the game.
Gold/silver on the other hand is a moon shot in inflationary divergence of wealth to the top tier elite.
Get you some.
Gold $1,215Comment
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is there ever a good time not to buy?Comment
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IMo no if your intent is to store some wealth and you have put a limit on your acceptable % of wealth you intend to use PM's on. As we've covered here a dollar cost average accumulation is best.
I'm old enough to remember $25 Gold and most recently $300 Gold
What we at today?
Who's your daddy?Comment
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The nice thing about investing in real estate is as inflation creeps up and you're making money so too is the county tax collector and repair man.
Gold just sits there, you don't have to increase your wages to cover the $10,000 and climbing annual property tax bill
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Stawks really can no longer go down. They no longer represent an asset, they represent debt. Liken Draghi who owns 10% of all corporate debt, he owns it all from printing. Corp's borrow, invest and Draghi comes along to buy up all the loan money via bond issues. The game never blows up, well eventually it does but it is sooo far down the road one shouldn't be worried.
Is 30,000 attainable, surely, it's just debt, it's just printing and banks buying stocks and bonds of companies. If you're the upper tier it's fantastic, you have endless amounts of cash at your disposal and occasionally warehouse a few tons of silver or gold. No one is the wiser as you can paper short the metals with Draghi paper and he'll buy it. Never any pain.
Is it any wonder they want a cashless society to control us all? Media, corps, then you !Comment
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And there you have it, day after day the market rips higher at the end of trading. We just print a few billion fakeo pieces of green and buy buy buy creating more illusion of asset but in fact it's debt. People are easily fooled just like the assault weapons ban, no one will save you, the weapons are going bye bye.
I posted about Calif. will be Mexico in 15 years and it got deleted, oh well, bury head in sand won't help.
Run a way debt (ie inflation) is here, gold/silver will only go up. House due to the tax structure will probably do better and so too stawks but it's imaginary wealth, paper is just paper.Comment
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Do you know where the saying "born with a silver spoon in the mouth" came from? Well yes it was a sign of wealth but also silver was known to have healing properties, so it was believed children who ate from these spoons didn't get sick.
So load up on Silver and live longer !
As a child I had a Silver Spoon (still own it) and will out live many.Comment
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CAN YOU SPOT THE GOLD?
Yes it's time to play the Presidential round again. This being a photo of JFK's desk in the situation room at the White House. There's a link in my signature and photo is on left, six down, six fitting heh heh, click it to zoom full screen and I'm sure you'll spot it. (hint it's on his desk)
Behind his desk is a really interesting map don't you think? Yes it's a flat earth map. wow a President no less, one of the great ones, enjoy, a lot of us are stupid. Shake it off and keep on.
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CAN YOU SPOT THE GOLD?
Yes it's time to play the Presidential round again. This being a photo of JFK's desk in the situation room at the White House. There's a link in my signature and photo is on left, six down, six fitting heh heh, click it to zoom full screen and I'm sure you'll spot it. (hint it's on his desk)
Behind his desk is a really interesting map don't you think? Yes it's a flat earth map. wow a President no less, one of the great ones, enjoy, a lot of us are stupid. Shake it off and keep on.
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I am fairly new to this, but I wouldn't buy anything during a 5-10 year high, as it always drop back down (house prices every 10-15 years I am told by my lender, and it seems to hold water):
I wouldn't buy a home anywhere in a peak like this either...
I bought my house under ~$211K, and the prior owners bought it for ~$354K.
Zillow says it is worth >~$363K, so I think buying anything during the higher 50% of a 5-10 year high is illogical. However I have bought some stocks during a major down-swing, trying to catch a falling knife, and got cut before the drop hit bottom, but I also made >$2K in my IRA doing the same in less than 2 weeks, but I think I was lucky.
I also recall buying Eagles, Maples, and rounds at $1 over spot when spot was <$15, and then realizing that the prior owners paid >$30 each for them...
Last edited by the86d; 02-01-2017, 4:13 AM.Comment
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To the moon?
Anyone see these yet?
They ARE $6.89 over spot, but what is better than to the moon?Comment
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To the moon?
Anyone see these yet?
They ARE $6.89 over spot, but what is better than to the moon?Comment
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