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
Nah, we all use heat pumps. I have a Trane about 4ton and a Mitusb mini split for the upstairs room. There is gas but got to run pipe, it's not free like some of the south.
Yeah, well here in the great white North it get's pretty darn cold in the winter... I know someone with a mini-split that cost an arm and a leg in electricity to run heat in the winter.
I'd imagine down where you're at the winters are pretty mild compared to Michigan.
A lot of HVAC places around here don't even service heat pumps. But like I said, so far as I can tell the heat pumps more or less operate like an AC unit, but in reverse.
Maybe someone with a more intimate knowledge of the system will chime in. I think Electric cars use a form of heat pump for their heat also.
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What is to give light must endure burning -- Viktor Frankl
Mini split has not been uses. Heat pump works good. Thing with them is around dew point they go into a ice out mode and use heat strips just like a electric furnace. Not to efficient in colder climes. I worked HVAC years. New england and Wa state. Wa used forced air, New E used boilers predominately. However most everyone burned oil. Some spots Wa has gas like us. Talked us into converting when gas went thru, very cheap, raised prices 400% in a very short time until gas equaled oil.
