Asset Performance for the First Four Months of 2016 – Hi Ho Silver

Guest Post by Jesse

“Day by day the money-masters of America become more aware of their danger, they draw together, they grow more class-conscious, more aggressive. The [first world] war has taught them the possibilities of propaganda ; it has accustomed them to the idea of enormous campaigns which sway the minds of millions and make them pliable to any purpose.

American political corruption was the buying up of legislatures and assemblies to keep them from doing the people’s will and protecting the people’s interests; it was the exploiter entrenching himself in power, it was financial autocracy undermining and destroying political democracy.  By the blindness and greed of ruling classes the people have been plunged into infinite misery.”

Upton Sinclair, The Brass Check

“It’s not just political spin, however, that explains the rose-colored coverage [in the media]. Another explanation is that the media is plain stupid — quick to accept guidance from economists on Wall Street, for example, who have a vested interest in making everything wonderful.”

John Crudele, Americans Have Not Gotten a Raise In 16 Years

“It is difficult to get a man to understand something, when his salary depends on his not understanding it.”

Upton Sinclair, I, Candidate for Governor: And How I Got Licked

Just a fine time we’re having in the great divide of wealth and power, masked and sustained by the lack of real reform and the credibility trap.

Speaking of ‘stupid media’ blithely passing along the spin from the Wall Street paper pushers, what assets outperformed stocks in the first four months of 2016?

Survey says: pet rocks.


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Ed
Ed

” what assets outperformed stocks in the first four months of 2016?

Survey says: pet rocks.”

Good one. Yes, silver and gold are rising as the dollar falls. I don’t regret buying a single coin of the ones I have in my safe. I thought about that a few weeks ago while doing my taxes and looking at the pitiful little 1095s for my wife’s stocks from her corporate employer’s share awards.

Ghost

I sold a roll of my son’s junk quarters (pre-1964) for him in January. I didn’t want to give him money for them, since that might lead to my just handing them back when the price went up.

I am hoping to be able to nag at him for selling them when the price was so low, since that will mean his silver bullion I coaxed him into buying when he started working for dollahs when he was 15 will be worth more than when he/we bought it. (Around $17-18 per ounce then and it rose to mid to high-20s shortly thereafter and he wanted to cash out. I wouldn’t let him and since then, the price stagnated and he has constantly griped at me for not letting him sell high.) I agreed to selling his roll of quarters because he wanted a new motherboard for his project computer and I wasn’t footing the bill. I am hoping that the PM market will start making sense again and I will get to say “I told you so” which is every mother’s goal.

IndenturedServant

I started buying in 2005-2006. I bought all the way up to the highs and all the way back down to the lows and I’m still buying. I’ve never been more at ease about any investment in my life. Dollar price is irrelevant. The main thing in trading toilet paper (fiat cash) for something tangible.

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Bea Lever
Bea Lever

Hard assets lads and hold steady through this coming year. Just as I have said many times silver is where you will make your biggest gains.

I/S you are a wise man.

Bullock
Bullock

I/S I am right there with you. A little Gold, lots of Silver. Pretty much have what I want but it can be an addiction. Found Provident Metals to be a decent place to buy from, or Gainesville Coins.

The one thing I do find difficult is trying to explain to people why they need to own some. The usual reply is “My financial advisor doesn’t reccomend it”. Usually answer them with “You have insurance on your car and home, what about your assets”? Blank stare and change of subject usually comes next.

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