I have to post this, since many (most?) of you do not follow the financial markets. I do. It is a blessing and a curse. I am sure you understand.
In the past, I have hinted that you all should own some gold and silver. I have made these recommendations from an, ah.., "informed speculator" point-of-view. After all, I have been doing this for 30+ years.
I mentioned, casually, that you ought to consider gold when it was trading in the $420 area, and that a few mining stocks might do you well (AUY, when it was around $8, KGC when it was around $9, GG, when it was around $12, and SA, when it was around $5).
Well,(in the immortal words of Kurt Vonnegut)the excrement has hit the air conditioner.
The gold and silver markets (the anti-dollars) are going berserk, as I write this.
Some of you may be casually following these events. It is you whom I address. Simply because I have mentioned these speculations (no, that is not a dirty word) in the past.
Do NOT buy here. Repeat. Do NOT buy here. You may see headlines appearing in the mainstream media about the current jailbreak in these commodities/monies. Yes, monies.
Paper is whirling around things. It is called a "commodities cycle."
I have seen this movie before. It ends badly. My decision is, "when to take profits." If you buy here, your decision will be, "when to cut losses." You won't be able to take the heat.
Exception. If you are under 40 (arbitrary, but not a bad stab...), find a good coin shop and buy 10% of your disposable income in gold/silver coins per month. 20 years from now, you will thank me. 20 months from now, you may curse me. This is volatile shit.
I am only writing this, again, because I have mentioned it in the past. I apologize for imposing non-musical things into your reading. Still, this has to be said. Stakes are high, and governments are reeling under the stress. This is NO time to start running after the hype.
Happy listening.
I have to post this, since many (most?) of you do not follow the financial markets. I do. It is a blessing and a curse. I am sure you understand.
In the past, I have hinted that you all should own some gold and silver. I have made these recommendations from an, ah.., "informed speculator" point-of-view. After all, I have been doing this for 30+ years.
I mentioned, casually, that you ought to consider gold when it was trading in the $420 area, and that a few mining stocks might do you well (AUY, when it was around $8, KGC when it was around $9, GG, when it was around $12, and SA, when it was around $5).
Well,(in the immortal words of Kurt Vonnegut)the excrement has hit the air conditioner.
The gold and silver markets (the anti-dollars) are going berserk, as I write this.
Some of you may be casually following these events. It is you whom I address. Simply because I have mentioned these speculations (no, that is not a dirty word) in the past.
Do NOT buy here. Repeat. Do NOT buy here. You may see headlines appearing in the mainstream media about the current jailbreak in these commodities/monies. Yes, monies.
Paper is whirling around things. It is called a "commodities cycle."
I have seen this movie before. It ends badly. My decision is, "when to take profits." If you buy here, your decision will be, "when to cut losses." You won't be able to take the heat.
Exception. If you are under 40 (arbitrary, but not a bad stab...), find a good coin shop and buy 10% of your disposable income in gold/silver coins per month. 20 years from now, you will thank me. 20 months from now, you may curse me. This is volatile shit.
I am only writing this, again, because I have mentioned it in the past. I apologize for imposing non-musical things into your reading. Still, this has to be said. Stakes are high, and governments are reeling under the stress. This is NO time to start running after the hype.
Happy listening.