Very cool.Not just gold & silver - but (crude) oil to
https://www.bing.com/search?q=crude...9i57j0l8.5739j0j1&pglt=43&FORM=ANSPA1&PC=U531
I happen to have an interest in all three - holding both physical gold & silver - as well as having a royalty interest in wells pumping oil in North Dakota
So life is good
Kurt
I'm with you on this being for the kids. Same here, didn't come from money, just putting in the work. I've been building my business for my children to take it over one day. They've each been learning the skills required to live, and earn an honest life.I started making moves back in late 2020. Sold off most of my assets and converted my cash to silver in preparation for what's coming. Stocked up on food, medicine, Freedom crackers, and built a steam generating plant for electricity. I figure i won't be around for the long haul, but this is for my kids. I could care less about my life style or living conditions. I came from nothing so its no big deal for me. Generational wealth that's passed down to your children is the key. Everything i do is for the future, not the present. To many people live in the here and now. Can't take it with you!
That is absolutely correct. With everything that's happened these past couple years, it's a big shame to see all the people affected by loss of work, and the disruption in their personal lives. With some of us working for ourselves it's a little bit easier, but even then a lot of businesses, and entrepreneurs have also suffered immensely. Especially a lot of people in California. I used to go out out that way once a month, up until recently. It would be my thing to go to Santa Monica Pier, or Venice Beach, and take in the view for a couple days, then take care of business. The last time I went, Venice beach was so, so different with lots of tents everywhere, and a lot of shops had closed up. It was definitely a sad sight to see, there and many other places throughout the city as well. To know that a lot of people may never be able to get back to a normal life of some sort, it is certainly heartbreaking. I hope that those of us that are able to, will reach out and help in any way we can. I believe that most of us on this forum, are in that boat of being able to, and the knowledge we share with each other is a most wonderful thing for all of us to succeed.Just remember that these commodities are only hedges against inflation. You have to now bump up your hourly or salaries accordingly, or you will soon be trying to play catch up once again,
It doesn't need to be a nation/stateWhale as in Nation/State...
Haha, great plans.Stack and ready your stores for what’s to come is the 5 year plan.
Build a alcohol burning mustang with wire mesh windows and spikes on the front is the 7 year plan.
Run for Congress so I can make decisions that don’t effect me as I watch the world burn is the 10 year plan.
That was a great way to simplify it Kurt. It seems you may have an opportunity to get to that level considering your investments, and the way things are going. It certainly would be nice to have that kind of financial to work with. I have read up on Elon Musk a bit, he is doing marvelous things for the world that's for sure. As far as I understand, his valuation is purely on his investments in market share at the moment. Something like 20% ownership in Space X and Tesla stock. I recall watching an interview he did in discussions about this, and he was saying he could quite literally go bankrupt if the either of those had failed, and actually would have gone bankrupt if the 4th launch of one of his ships had failed. To my understanding he doesn't even get a salary in his company, or he's paid minimum wage. He doesn't believe in taking money from the companies, and has reinvested everything back into it. The interview was with Babylon Bee, he talks about this in an earlier part of the interview about 15 minutes in or so.It doesn't need to be a nation/state
It can be an individual with LOTS of money
Say like Ellon Musk - worth 224 billion
A guy like E. M. has a need/want for physical gold (&/or other PMs) to make the products for his 'high tech" investments
with that kind of money I can have a LARGE investment in paper
with that kind of money - when gold is hitting what I consider it's high I can start dumping my paper to trigger a sellers market - thereby driving price down
Then when gold is down to what I consider it's low I start buying the physical I want/need as well as restocking my paper - thereby triggering a buyers market - driving the price up
as an individual worth 224 billion I would only need a few (2 -3) billion to control/manipulate the market (at least to some degree) & be the whale in the room for the physical I want/need
Kurt
LOL - per the bold print - not likely.It seems you may have an opportunity to get to that level considering your investments,
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