PM prices rose like a rocket last week, then crashed on Monday. Why? Because the market is being manipulated.
After a strong week-long rally that sent gold, silver and other precious metals prices to all-time highs, prices fell sharply Monday after exchange operator CME Group made a key change to its metals contracts.
Why am I seeing so much of the “Where is your warrant?” bullshit on social media. Cops don’t need to show a warrant while arresting someone, especially not to anyone who demands to see it.
I spent the day upgrading the computer I play games on. I put an RTX 5080 16 gb in today. Now this is a serious gaming system.
yeah, my wife was surprised that Im a gaming nerd, too. That may be the last upgrade for awhile. Chips are getting pricey.
There is something called the gold/silver ratio. For those who don’t know, that ratio is the price of one ounce of gold compared to one ounce of silver. That is, how many ounces of silver would be a trade for one once of gold at any given point in time.
A higher ratio means that either gold is overpriced, or that silver is underpriced. That can dictate which of the metals is the better deal. Historically, the ratio is usually between 60 and 80. In April of this year, the ratio was 100.8, meaning that one ounce of gold was worth about 100 ounces of silver.
Some investors are talking about the 80/50 rule. That is, if the ratio is higher than 80, stop buying gold and buy silver instead. If the ratio is less than 50, then silver is higher priced relative to gold, and it’s time to buy gold.
Thanks to the skyrocketing price of silver earlier in the week, the ratio is currently (as of this writing) 57. The gold/silver ratio was last below 50 in April 2011, when it reached a low of approximately 35:1. In April 1968, the ratio hit a century-long low of 16.75:1.
So why is this important to us? If you want to increase your holdings, you would sell some silver and use the cash to buy gold. Once the ratio returns to its historical mean, you would then reap a profit. Let’s say that the ratio hits 40. At that point, 40 ounces of silver (worth $1160 a year ago) could be sold and traded for a single ounce of gold. Once the ratio returns to its historical range, that would require that silver loses value or gold increases in value. Either way, your ounce of gold would be worth 60 to 80 ounces of silver, but you only paid for it with 40 ounces.
Just food for thought.
A 13 year old girl was shot and killed in Orlando on Christmas eve. The shooter was reportedly a “teen,” his victim being named Emoyn Nicole Jackson (her name is actually Ebony- MSM strikes again). Since no mention was made of the races involved and the shooting happened in Pine Hills, well, you all know the missing, unreported parts of the story.
A second Christmas eve shooting happened in the Americana area of town, another famous high crime area. The “teen” victim in this case was a 17 year old named Jamar Jerome. More teens without races being mentioned.
The story never mentions where the “teens” got the guns from, nor do they mention the races. We all know the answer, but everyone pretends not to know. More than 52 percent of all homicides in the US are carried out by the demographic that makes up less than 7% of the US population.
It’s not the guns. It’s, well, you know…
Today’s post is running late because I spent the day repairing my in-laws’ car. Maybe later. Maybe tomorrow.
Don’t be surfing the Internet. Go spend time with people you care about.
We sold our last rental property today and used the money to pay off our current house. We bought that rental in 2019, paying a hefty down payment of more than half of the asking price. We plowed every dollar we made from renting the place into expenses and paying off the mortgage. Once that was done (it took six years) we cleaned the place up and put it on the market.
In case you are interested, we paid $150,000 down on a house that cost us $250,000. All of the rent collected went to paying off the loan. Sale price was $310,000. We had to put on a new roof and some other repairs, paid real estate commissions and closing costs that totaled $35,000.
Cost of $250,000, sale proceeds of $275,000, meaning that we made $25,000 in profit after holding the house for 6 years. When you consider that the only money out of our pockets was the initial $150,000 down payment, we actually wound up making $125,000 return in 6 years on our initial investment. That gives us a rate of return of 10.66%.
Now the house I live in is paid off, and we no longer have a mortgage payment. I am also out of the landlord business. It also means that I no longer NEED a job. Now I have options. I am considering dropping down to PRN (as needed) basis- meaning I can work 1 day a week, full time, or anything in between. My choice.
That gives me options with my shitty, shady employer. This is what my wife and I refer to as “fuck you money.”
I’m to the point where I think it should be legal to enter your home and clear it out by force.
A man sprayed his own HIV positive blood into the eyes of two hospital staff members. He was given time served- just 91 days in jail.
Criminals are being permitted to attack people with impunity. I’ve been attacked at work twice in the last 5 years, and they got away with it in both cases.