True Story.
The I have a client who has been dealing with me for many years, usually $100,000 at a time. I have retired, but people still call me, and if I am here, I’ll do a trade. At any rate, my customer called me and I was not here to answer the phone. He is 86, and isn’t into web sites where my kid’s phone numbers are listed, so he called one of the biggest TV advertisers. The gal he got, and unfortunately he gave her his phone number, offered him 55 Gold Eagles for $100,000. He declined and continued calling me, while she kept calling him and driving him nuts. I offered him 83 Gold Eagles for $100,000, and naturally, he took it. The TV advertisers are total frauds. Who do you think pays for that advertising?
Silver!
Silver is driving everyone nuts. Why? Because if you wanted some one ounce rounds today, probably of any denomination, you would have to wait till November 10th to get them shipped to you. The reason is simple. There is NO SHORTAGE OF SILVER! There is a shortage of manufacturing capability. Sunshine Mint, who makes our A-Mark rounds and other rounds, plus 10 oz bars, has already built a new facility, which increased their manufacturing speed drastically, but it wasn’t nearly enough. They are working 24/7, as is the Royal Canadian Mint, and others. The demand for INVESTMENT SILVER is huge, but it has to be manufactured. The demand for silver used in computers, photography, medical, etc is slow. Industrial silver demand is slow, and they use far more of it than investors do, so the spot price for silver is set by the major consumers of it, the industrial sector, and the spot price is deliciously low, creating huge demand for those of us who want to hedge for inflation. The problem for us who want it, is frustrating. I am going to write a column more often than before, and maybe they will be shorter, but sorry, my every Monday column would be difficult since I have semi-retired.
Trump
I really do like the guy…sort of…except he’s a hothead, which worries me a bit. See previous column I wrote on narcissicism. It does describe him perfectly, but he’s far better than any other candidate. Christie is out, that’s for sure, and the count will decrease as each week passes. But he does speak like a real Republican should speak, and that is to balance the budget, get illegals out, and even families too. The kids born here to illegals, obviously are multi-lingual, so if they all went back to Mexico, there would be no language or cultural problems. The 14th Amendment was basically to make sure that negroes were citizens after the War Between The States. Passed in 1868, it did just that, but it is doubtful that it was ever intended for illegals and anchor babies. He’s correct, but that Amendment says otherwise. Maybe a court trial, or the Supremes with a 5-4 decision? I wish Trump and Fox News would stop fighting. Bret’s question was absurd, but Kelly’s was not. I really think that Hillary is out, and will be replaced by Biden, who is a nice guy, but not real bright. I think he could be defeated easily. Stay tuned!