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Economics 101: Lesson 1:
#Economics is the study of scarce means used to attain subjectively valued ends.
#Silver is heading further South. I hope the lower trend line support holds. Will be buying a lot at that level if it does.
Andy Stackson retweeted
Still waiting for those who say “property is theft” to give up their property.
#Silver coin of the day:
1 Krone 1915 - Denmark
7.5g
800/1000
Andy Stackson retweeted
The demise of American coinage is the story of US money in a nutshell. Coins were made of gold and silver. Today, even coins of base metals have face values less than the value of the metal itself. | Dale Batko
mises.org/mises-wire/inflati…
Yeah, we should switch to socialism and have underproduction instead. We need a strong leader in a big palace telling us what we need and how much of it.
Andy Stackson retweeted
Silver.
I’ve been saying the same thing for months.
If there’s a moment I’m adding to my silver position, it’s now.
The time to buy is when there’s fear. When people are frustrated. When they’re calling silver garbage.
Not when it’s at all-time highs and every Furu is calling for $200, $300, or even $500.
When will it bottom? I don’t know.
At what price will it bottom? I don’t know.
And honestly, nobody does.
I see plenty of “experts” calling for a bottom at $48, $35, $30…
If we actually reach those levels, we all know what happens next: most of them will get scared, won’t buy, and start calling for $20.
Historically, silver corrections from all-time highs tend to run 50–70%. Right now we’re roughly 56% off the January peak.
Statistically, that puts us closer to a bottom than to the top.
Do with that information whatever you want.
P.S.
To everyone saying “but silver might range for years — opportunity cost”:
No serious investor goes all-in on silver. Don’t be that person.
It’s a solid diversifier and more volatile than gold. That’s the point.
#Silver getting close to $50. I think we can reach $40 before the end of the year.
If all prices go down over time, people can buy more goods with the same amount of money. Why is that a bad thing? (Rhetorical question).
#Silver coin of the day:
25 Cents 1963 - Canada
5.83g
800/1000
#Silver coin of the day:
20 Euro "Heidiland" 1998 - Liechtenstein
25g
925/1000
How to say your IQ is 68 without saying your IQ is 68.
Andy Stackson retweeted
Replying to @RogerAramayo2
Socialism be like: What if instead of people's needs being met we build large ass palaces for our rulers and kill half of our people?































