Title: I’ve Never Seen Anything Like This | I Found Out Why the Stock Market Is Going Crazy Source:
[None] URL Source:https://www.youtube.com/watch?v=TiDm7vshkf0 Published:Nov 27, 2023 Author:David Quintieri Post Date:2023-11-27 13:30:12 by Horse Keywords:None Views:104 Comments:1
Maybe the rocket scientist can explain why everything I buy is twice as expensive as it was before Prez Pedophile, but the price of gold and silver has been languishing at the same point it was ten or more years ago [(Edit) Since about Jul2012, give or take], while story after story comes out about "silver shortages" and "Chinese buying untold tonnes of gold" etc...
Buying PMs has been a really crappy investment since about 2008 when I went "all-in" at about $900Au and $9Ag. Best, and luckiest, trade I've ever made in anything, but ten plus years of zero gains really stings. About the time it became clear that the 2020 "election" had been stolen, I bought another block of XOM-Exxon/Mobil stock at $40 (really low pandemic price) where the dividend yield was over 10%. It got as high as $120, it's $103 today with a dividend yield of 3.67% ($3.80/share). JP Morgan Chase pays 0.01% interest on savings/checking, my CU pays 0.80% on a high value "Liquid Gold" savings account.
That was probably my 2nd best trade and riskiest. There was some talk of XOM cutting their dividend, which is a real stock killer. That's how GM went away in 2008, they cancelled their dividends and the stock went to zero. My mother lost everything back then when she wouldn't sell like I told her to.
“The most terrifying force of death comes from the hands of Men who wanted to be left Alone. TRUE TERROR will arrive at these people’s door, and they will cry, scream, and beg for mercy… but it will fall upon the deaf ears of the Men who just wanted to be left alone.”