What did we say here?
'Silver to rise soon.' Was the label attached to our Wednesday, 3 July article: 'Started This Silver Fund.' Price then was around and sometimes even less than 15 bucks in Aussie dollars which have since slipped even further, as the GBP slides freely.
So what are we going to do? It's in a profit and you never go broke taking a profit (or so old Geoff Cambridge, my most ancient stock broker mentor used to say).
And part of the design of what we are doing here is getting a digital utility token off the ground, backed by various hard value and liquid components. Silver being one of them at the moment.
We can sell some, and we can buy some more, too - because, we have a stream of money from elsewhere and right now I am unable to think of anything better to spend the cash into.
What do you guys think? We've made about 30% all told, inclusive of the currency movements - in less than sixty days.
Every single central banker in the world is dousing their fiats with gasoline and pulling out the zippo lighter and you want to sell what is literally, still, the most undervalued asset on the planet?
ReplyDeleteSurely you jest...
You should make a silver utility token. Maybe base it on the dirham. Or the taler. Or Pieces of eight. Or even a talent of silver!
I think I found my wallet too:
14jDwtnCfuDbYKrJbsVFgEgT9W7u13idou
I live for the day when I will be able to mouth the words of Anthony Quayle in the movie 'Battle of the River Plate:'
ReplyDelete"Grunt, growl, urrrrr. Aarrrgh, Hockey, give 'er all she's got."
And the monster goes down.
DeletePS we certainly must involve silver in the utility token. I'm just going to step into the Perth Mint tomorrow just to 'get a feel' of what the China tourist vibe is down there. And yes, digital wallet; an essential item for forward actions - I will keep a central register/record of all wallet accounts notified hereabouts (also via private emails, obviously) and 'sooner or later' (sigh, nothing is soon enough for us humans) there will be accruals of all kinds of 'utilities' and 'things' allocated.