I love goooooooooooooold -Johann van der Smut (and silver too)
Posted May 18, 2021, 12:06 AM UTC
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Gold & Silver rules! 💪💎🦍
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I actually bought alot of physical silver last week. My research shows its extremely under-valued due to the heavy inflation we are experiencing. The FED refuses to raise rates? HA! I look forward to them suppressing the price of gold and silver when people start to panic from inflation soon.
It already started with the housing markets, thats why house price`s shot up so high in just a few months. Its inflation not "supply shortages". The house you want is out there but it just cost 300k-500k. The government wants people to think everything is hyper inflating due to "shortages". I wont be surprised if silver and gold have a "shortage" also. Just my 2 centz. Am horny ape, gonna go fap and sleep.
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There is absolutely a housing supply shortage...
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Seriously there is not. Its just the prices shot up so much that the houses people want to buy is like 50k-100k over what they are willing to spend...Give me a nice city right now and I will show 100-200+ houses for sale in the 300k-400k price range and like most likely none under 150k. I live in central florida bro, I know what I am talking about. I own 3 rental properties also...and I am actively shopping for a new rental. My rental properties each shot up around 30k-40k in JUST 6 months that is F***ing insanity. I would not even buy these shyts I own for 220k, but that is the price they are going for now.... (I bought them a few years ago for around 130k each)
Edit: Am still horny ape
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I've never read a k-10, but I've pet plenty of k9s.
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I'm in Florida and also own rentals. I understand all of this.
There are currently less than 1000 single family homes listed in Pinellas County. There are over 1 million people in this county. A typical market has 5x to 10x that number listed.
Inflation is real. So is the housing shortage.
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When you put it like that it makes sense, but that is not to say that somebody who wants a house cannot go out and buy one right now. Its just EXPENSIVE, and alot of people are holding on to their houses for deal life since its the best hedge against inflation. So keep that in mind, its inflation and 0% interest rates causing this issue. I bet you if interest rates go up 100 basis points all of this would be fixed and the "supply issue" would be fixed within weeks as speculative investors would be fked and have to liquidate their over priced purchases.
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Bot
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Hecla Mining was my free stock from RH (before I went to Webull).
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Congrats bruh
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Side question, related to my other comment: what the hell happened to Hecla today? I see a pretty big jump.
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Silver broke $28. All the miners are up. Hecla was heckla up. I think it's because they had better earnings this quarter than the other silver miners.
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I love seeing green. Congrats bro
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Why did you pick this instead of $GDX or $NUGT?
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Nugt is leveraged and the option volume is almost nothing. Barrick was undervalued compared to other miners and I think I bought Hecla on a day when it dipped a lot more than other miners. Next one I'm buying is AU, it looks much cheaper than other gold miners. Basically I'm comparing their prices to times during last year with the same gold price.
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I guess that dudes Gold DD from a couple weeks back was legit.
Never should have sold off last fall. Never should have sold off in 2013. Dollars r fuk, gold to the moon!