(On the edge?)
This summer I have been trying to lay low.
No, I am not on the run haha I am simply spending more time outside, with loved ones and taking advantage of the time away from technology and social media.
But, I am someone who doesn’t want to be left behind. In fact, I am looking into getting in AI but realizing that may be a dream at this point. However I feel the need to have at least 1 hour a day of online time to see whats going on, how the markets are doing, what are the latest news etc etc…
Going at things like this, you really realize how much that is out there is just noise trying to grab your attention. When you focus on what you want you can tune the trash out.
Wasn’t there an epic stock market crash today? Did it make some records? I heard it was a crash of epic proportions. Pretty sure Intel alone ruined a bunch of ETF’s
But we are crypto people over here… we have seen -50% days…
Did the stock market go down 50% today? No? Ok so then so what haha
But, seems like there is some war beef going on
Who knows whats real, at this point who knows whats real. People can pretend to kill people on their side to pretend their are outraged enough to launch the war machine and who knows maybe the leaders of all these countries are all chilling somewhere together while all these narratives and wars play out per their bidding…
There is only so much we can do on the global scale, so focusing on where you are at now is what matters most.
Gold and silver for example took a phenomenal week and looked like some sells were triggered right coming up to closing day, but right before close gold and silver started to recover..
However, crypto sometimes can be a prophecy teller for other assets… if crypto continues to take a dive through the weekend then maybe stocks gold and silver will dive as well on Monday.
This could be a covid crash type of scenario where if you have some money on the side waiting to deploy, this might be the dip you have been waiting for…
Real estate is one thing that I have always been interested in… feels like a rip off in my area though, housing market feels like it has bubbled up and needs to deflate a bit… I don’t think housing is a market that can pop and burn… doesn’t move quickly like other assets.
In my opinion, and this is not financial advise blah blah blah… but in my opinion.. I 100% will NOT be surprised if we see $5,000 gold and $50 silver in the not so distant future.
The unit of measure (fiat) is a inflationary bullshit mechanism
Don’t talk to me about bonds this or that… Fiat is fake.. so when you measure assets in a fake unit, you will have a price chart that is up and to the right…
They say an ounce of gold always bought you a really nice suit regardless of what year of human history you are speaking of.
Well, when you look at a nice suit, don’t go to Moores lol… I am talking about a high end, high quality, suit… Even a luxury brand has suits worth $5,000-$10,000 so what does that tell you about how undervalued gold is?
Then, what does that tell you about silver, which is really off compared to the “usual” gold to silver ratio that it has had for the past.
When I see costco gold and silver constantly being sold out it makes me think is this a couple of guys buying every week or are the masses going coucou for metals?