Loading ...I’m with you, Fully
No more precious metal trading or investing. Waste of energy and huge loss of capital. Not to mention the psychological damage.
Switching to energy and food. Nowhere to go but up, worldwide demand, and plenty of gatekeepers to avoid the commodity swings. And some super dividend paying oil/nat gas babies out there for long term holds.
By the time gold and silver actually do anything, I’ll be long six feet under.
I am flat the miners but continue to accumulate physical metal.
It’s an addiction as you know
There will be days when there is a rally …we have to guard not to be tempted
That run in the 2000s spoiled us
I think you are doing the right thing
I am going to put my trading funds into a bank account and get “INTEREST”
Remember that ?
3 or 4 % a year sounds good …until the monetary system collapses of course
Why settle for 3 or 4%??
Prev Close14.43
Today’s Open14.32
Day’s Range14.01-14.36
Avg Vol (10-day)34.1M
Last (time)1:30p ET 10/14/22
Last (size)1
52-Wk Range
9.36 – 16.30LowHigh
% Below High (10/22/21 – 05/23/22)13.38%
Historical Volatility47.4%
Market Cap92.0B
Shares Outstanding6.5B
EPS (TTM, GAAP)4.76
P/E Ratio (TTM, GAAP)3.01x
Annual Dividend/Yield$6.30/43.68%
Symbol is PBR
Market Cap463.8M
Shares Outstanding46.6M
EPS (TTM, GAAP)1.05
P/E Ratio (TTM, GAAP)9.61x
Annual Dividend/Yield$1.38/13.36%
Symbol is SJT
There are more if you look for them…
A Two-Step Plan
And since, we promised financial advice… herewith, we deliver.
The general rule: Cash now; Real assets later.
In this, the asset sell-off stage, the best place to be is dollar cash. Stick with dollars… until…
…until that magic moment when investors give up, panic takes hold, and the Fed reverses course. Then, you will want your money in gold, land, antifragile businesses, timber, real estate – anything that might hold its value in an inflationary crisis.
If you are buying a business or stocks, for example, you might think of something such as residential rentals… with a building that was recently built and won’t require much maintenance. Rents will rise with inflation; your costs should remain low. Another example might be a company in the energy sector (people are still going to need it). A pipeline company, for example, should have low maintenance and operating expenses. As the price of oil or gas goes up, its revenues go up too… while its costs rise very little.
These, of course, are the kind of companies Tom is looking for.
But for now… as long as the Fed sticks to its guns… cash is king.
Regards,
Bill Bonner