Are PMs riding due to uncertainty regarding Russia & Ukraine?

You actually dont if you wanna get that technical. You need air, water, and food, everything else is a luxury

 

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Unlike a PC or smartphone, no technological improvements have been made in TP in decades. It's unlikely to change in the future, too. So what you buy today won't be obsolete in the future.

I learned that from George Costanza.

 

Lol well you can argue a bidet is an improvement if we wanna argue TP lol. Regardless of that though its definitely a lot softer now than decades ago

 

It doesn’t even have to be fancy food either!

I read that in many very poor countries people eat rice & beans because both of them together provide the same vitamins & nutrients as meat but at a much cheaper price.

So technically someone could survive on rice & beans and water and anything else would be an unnecessary luxury.

Even shelter is a luxury in many places of the world.

I live in California so I could sleep outside on the beach all year around without any life threatening exposure to the elements. Afterall the lowest it gets even in the middle of Winter is about 32 degrees which is easily survivable in winter clothing.

But someone in Maine or Michigan? Yeah shelter is absolutely a necessary or they would freeze to death.

 

Yes Baseball, Multiple layers now so your fingers don't poke through..

 

PMs? What are those?

Ha.. I forgot what that meant

 

In very poor countries rice and beans (especially the beans) is a luxury. Those countries eat a lot of insects and wild growing things and they'll even make salads out of grass. Rice farmers in Laos will walk there fields for insects to bring home to dinner. That's obviously a bit of an extreme but thats what very poor countries do.

Yes you can live off of beans if you wanted but it gets old and you would be missing certain nutrients. That said no if you want to get that technical all you need is calories and nutrients and it doesnt matter where they come from or if it tastes good

 

As long as there’s no staining I think
I will be all right…LOL

 

which ones?

 

I love wit

 

better off buying stocks cheap now. PMs...HOLD

 

For the long-term, definitely. I have been looking for a move to S&P 3,800.

A bit teed off that my uncle, 50-70% in cash for YEARS, listened to some insurance company advisor and put like 95% into stocks a few weeks ago. He never even called me to ask about something I follow 24/7.

 

I really wish I would have went stronger back in 2008 INTO STOCKS, Missed a big earning opportunity. Most of my PM;s have been bought much cheaper than the prices in the last two years. i can wait, or just be satisfied with what I have

 

Holy smokes... I looked at the gold chart last night at some point and it was $1961.00..... Just looked a moment ago following the Presidents address and it is at $1888.00... Don't know if that is a reaction to the markets or a reaction to the Presidents address. But it's a pretty dramatic reaction.

 

Over a $200.00 swing in palladium today. Went down after the President's speech.

 

Everything is going to pot, and it’s only
going to get worse

 

Palladium, swings like the wind so not really surprised by that.

 

This is my hobby, I do it for Fun. It is a relief, an attempt to relax and play with our hobby and those involved in it.

 

this can be a very expensive hobby...LOL

 

There was huge opportunity in 2008. I sold some shares of Autozone at $150 a piece that I had held onto for about 8 years. Figured that was as strong as it gets for them. Now that they went to over $2k a share, I try not to think about it. Ford was down to a $1 that year. Didn't know if the big 3 were going to make it.
My portfolio is down about 5% since the year started. I keep putting money in and it keeps dropping daily. Mostly based on S&P performance.

I love PMs but have to say they've been the biggest disappointment investment wise. In 2010 silver was $24 an ounce. In 2022 silver is $24 an ounce. The premium you pay for physical over the cash price you will get when you sell is ridiculous and difficult to overcome without major upward movement.

The national debt was around 20 trillion then. It's over 30 trillion today. Inflation is running rampant. Saw a chart today that showed overall costs for a family of two based off of government printed statistics, HUD, USDA, dept of energy, averaged out over the entire US...... costs have went up 36% overall in the last 14 months for a family of two. That was including average rents, groceries, utilities, phone, internet, used car payment,car insurance and gasoline. No entertainment. So if you needed $15 an hour just to survive at the end of 2020 you need to be making $21 an hour now to have the same lifestyle. Officially they say inflation was 7%, the chart said its 36%. If it's off by 15% in error, it's still a staggering number in 14 months!

PMs have been lifeless through all this and I suspect it's because SO much has been dumped into and tied up in the crypto market. When you start talking trillions tied up in how many different cryptos with everybody thinking, THEIRs is the one everybody is going to flock to.......some day in the future! , when everyone interested in it is already in one, that's a lot of money off the table. And most of them never sell because they're too afraid of missing gains! So there's never any actual profit realized. I heard of one called Hex that penalizes you for selling so nobody wants to sell! (Except the founder of course)

To me things are waaaay way too fragile to trust holding any value in that garbage. Some people have way too much money to throw away IMO. People have lost so much bitcoin on hard drives that are unrecoverable when times are good. A lot of things could happen that would cause that stuff to disappear overnight or you simply can't gain access to it anymore. If you don't hold it, you don't own it. The stock market is risky enough and now you add crypto to the mix. It's spreading all the inflated investment money extremely thin. If it didn't exist, I suspect PMs would be sky high right now. I don't care what they do, I'm just offering my opinion of how I see it. The governments don't like crypto but i'm sure they love the vacuum of taking all that money out of the system so it doesn't actually show up and cause more inflation.