Silver getting crushed today

Shhhh...the Political Swat Team might be out and about. One never knows, do one?

 

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ASEs and AGEs...very conservative holdings. I take it you're not a fan of the new trend of skull shaped bars, gun shaped bars, star shaped bars, etc.

 

Zowie...looks like Yosemite Sam's silver meets the Mexican Day of the Dead!

 

I generally don't have any likings to the oddity silver shaped stuff even though I've bought some 1 trillion dollar bars and stuff like that. They might look good hanging on the wall if you like that sort of thing.

The ASE/AGE holdings are a reserve for my balance sheet when I need to leverage it for something with a bank/CU; it simply shows diversification. Plus they are pretty silver pieces and have good designs on the Obverse and Reverse.

My regular US coin collection is mostly silver/gold Halves and higher, pre-33s and Commems.

 

Interesting...you have the entire U.S. national debt in one certificate. Outstanding!

 

Yeah. I think Day of the Dead was the theme Monarch Precious Metals was going for. I have a few in the mail. I figured they would look good in my new pirate treasure chest. Yeah, I actually bought a wooden treasure chest to put the swag in and told my 7 year old son we are going to work together on filling it up. He liked that idea a lot.

I just hope someone down the line doesn't decide at these bars are cultural appropriation and somehow racist, and if I go to sell them a decade or two from now no one will buy them for the silver content and I have to sell them way under spot. In this world we live in, you never know. PS: I'm Hispanic, so if anything I'm appropriating myself. Lol.

 

Are those still being made? I like it. Might want to pick one up.

 

Yes, they seem still available. ==> http://www.coin-rare.com/silver-bars.aspx
I've seen them on eBay and elsewhere too. I bought a few for my kids last Christmas.

 

Not for long.

 

Two of my favorite Queen albums.

Thank you for making me feel just a bit younger; that doesn't happen much these days...

 

I have more than one just in case !!

 

Silver ain’t getting crushed today; in fact, it’s up a bit. What’s getting crushed today is General Electric stock — dividend cut in half, huge restructuring.

Hope none of ya’ll are in it. I made the fortunate move of bailing out ten bucks a share ago.

 

I dumped it $10/share ago too. Put the proceeds into my SQuare stock.

 

It’s hard to believe that an American icon like GE is having such a hard time. Then again, maybe not. My father was a career employee of Eastman Kodak. Remember that can’t-fail company?

 

after GE split in 2000 I sold. Bought again only several years ago at 24ish. Rode it up .. flat .. then sold it a short time ago. They're no longer on my list to watch or anything; their portfolio bored me financially. I do like their jet engines business.

Kodak was like a lot of companies where their market deviated and they thought it was only a fad. Only to learn the hard way. So many companies have littered the past of thinking something is a "fad" and thus not moving with the market. They thought they had consumer entrenched products.

 

I got offered a job with the TechNet project in Rochester for Eastman Kodak in 1986. Not taking it looks prescient now. But the myth of Eastman Kodak NOT moving with the times is a false narrative. They LED the digital revolution in cameras, but they got eaten alive anyway. Nothing could replace the gross margins they were making on consumer film.

For almost 15 years, digital was a poor but cheaper way to take pictures, but was "good enough". Only fairly recently have digital cameras caught up with the imaging power of a well-exposed piece of film.

 

Yes they were in the bleeding edge of the Digital era with their converted Nikon cameras. I had a few of their early digital cameras. But they fought internally with their film division.

But when Nikon jumped in, Canon and Nikon took the lead. And Kodak ended up later on just trying to sue everyone.

I still shoot Nikon too, but might jump to Sony/Fuji for Mirrorless. Nikon is lagging in in good mirrorless technology and I've been waiting and waiting.

 

I think that's a great idea for a co-operative project for you and your son; this is the special kind of thing he will remember when he is older and especially so when he has children of his own. I like to think that the time I spent with my children is now paying off in spades with their own children (they range in age from almost three to almost eleven). Time absolutely flies, my friend, but I don't think you have to be told that since you clearly seem to already know how precious your time spent doing things with your son is. Enjoy!
And don't worry about the Political Correctness Mafia; if we're lucky, by the time you want to cash out they will have grown up out of their ridiculously childish self-righteousness and end up as much less self-centered and more positively-contributing members of our society instead. One can only hope!

 

Silver going to the moon....just not today or any time soon. Maybe when SpaceX or the Chinese get there in a decade some of the circuitry in the lander will have silver.

 

Did anyone else just hear the crack of doom?