I noticed that silver was below $20 for the first time in quite a while. I’ve already purchased my quota of silver for the year so that money is going to other things….but even with silver at $20, the premium is dang near 23%. Look, I know that the premium is what the store makes money on, but, dammit, $4.50/oz seems a bit high for silver that, pre-covid, was a buck and a half over.
A better question is why, during inflationary times, precious metals are hitting such lows? The easy answer, of course, is that ‘the markets are being manipulated’. Maybe. I honestly haven’t examined it. But I do know that I feel a bit more secure with a bunch of gold and silver sitting in the bottom of the safe.
Which reminds me, my water heater puked it’s guts out last night. now, since I have a pretty healthy emergency fund I can literally just write a check and not lose any sleep over it. In fact, this happened several years ago with a different water heater I had. The difference now is that after calling several plumbing outfits here in town, the earliest they can get me in is in two weeks. Two weeks???? They blame ‘staffing issues’. When the heck did the US become a Third World country? This is a country where it used to be you could order anything you wanted and it would done in two days, tops. Now its “staffing’ and ‘supply chain issues’ and ‘nobody wants to work’. It’s a slow descent into Third World-ism, but its a descent all the same.
While I fully agree that the news cycle brings us a lot of things these days…Supreme Court decisions, ‘mass shootings’, etc….don’t take your eye off what impacts you the most: this economic donkey show that the Biden people have foisted upon us.
About the only glimmer of hope seen lately is that gas prices are, a smidgen lower than what they were a week ago. Speaking of market manipulation, how much do you want to bet that gas prices will miraculously decrease just in time for the elections?

