St. Phatty
Active member
Buy and hold physical silver and gold. If you can find any.
The premiums are so high I think it's a Fool's Errand to buy physical silver and gold right now.
In 2008, if you called a dealer they would offer to help you buy a 1000 ounce bar. All the smaller denominations you couldn't get for about 6 months.
Now you can't even get 1000 ounce bars. A lot of the mines are closed. Sort of surprising because they're not generally super concerned about worker health.
Current death toll for Covid19 is increasing at the rate of 11.3% a day, and tomorrow it hits 20K to make the math easy. 14 days of that 11% is 4.5x, 4 weeks of that is 20x.
In the financial community they talk about "the magic of compounding", re how a savings account grows if it has 6% interest or something. Well that's a financial asset.
I've been thinking the virus sounds like HIV and Herpes in terms of the way it infects people and seems to stay in their bodies. As it with Herpes, the first infection is a Whopper. Now I am hearing other people I respect say the same thing, that it behaves like HIV & Herpes. For which there is No vaccine.
I think our govs are really afraid to deal with it. They could wall off the highly vulnerable people and give everybody else a mask and tell them to get back to work.
Ford is still not dealing with the reality, they are re-opening a plant with 3 foot employee spacing, as if that is adequate. Well maybe they have big fans overhead. If they are smart they can manage the air-flow to protect the employees but it looks like none of the Fortune 500 have Cannabis growers as managers.
If you took many production lines and dropped them into the average well-ventilated cannabis greenhouse, you'd have a model for what they have to do to protect the employees.
The other thing I was wondering is, how many Cannabis plants you'd have to have to have true Oxygen supplementation, like people get from those tubes up their nose, when they walk around with bottles of O2.
Could you put Covid19 patients in a Cannabis greenhouse that has been adapted to maximize Oxygen instead of Bud ?