| | | $34+ for silver would be super when such numbers leak out of Shanghai
in the meantime a gentleman of 91 invited me to lunch yesterday and gifted me a 1-TOz 9999 commemorative gold coin celebrating the May 20th Taiwan inauguration of Mr Lei
my friend was a member of KMT in his younger days and knew of my grandpa
the gift of gold was for me advising him to off-load 50% his real estate holdings (7 office / commercial buildings) five years ago, and reallocate 50/50 to gold and to 2-years USD bills
yes, the timing was exquisite, and pre covid, pre commercial re debacle, and pre interest rate rise
his gold cost was US$ 1,300 +/-
he tells me he has never made so much money so fast in so relaxed a way
I told him, at age 91, he is well placed to do it again, by way of silver
he asked, "is it not too late already to get into silver?"
I explained to him the what and why, and noted targeting $50 and 250, depending his risk tolerance
he said he cannot do physical silver, and I pointed him to various paper, and physical-backed vehicles
doing HIS work, amen
:0)
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