1st off if you don't know, Jim Cramer is the biggest paid financial shill for Wallstreet. His job is to get dumb money to invest in dumb things. His track record is soooo bad there's no other expiation. You can actually do well on stocks and beat the market by doing the opposite of what he says.
CNBC just used 30 minutes of time that was scheduled to be part of a normal hour of Shark Tank.
Every day at 5 PM Pacific the news on CNBC ends and Shark Tank begins. This Monday was no different, except the stock market saw the NASDAQ take a -4%+ drop and DOW take a -3%+ drop only to recover, and like another post on this sub pointed out, that’s the most significant drop and recovery in a trading day since October of 2008. Eesh.
So why does Shark Tank matter? Shark Tank is a ratings monster. There’s a reason it is first up in prime time every single day on CNBC. There’s a reason I watch it every day other than just wishing I could make a bunch of fucking money for some other reason besides just all the money I plan to make on GME (so I could then throw it all into GME and make more). But besides all that, it would take a lot for CNBC to just skip over 30 minutes of Shark Tank. They wouldn’t give up all those eyes for nothing, unless they wanted them on something. And guess what they had on.
They had fucking Cramer. And he was shitting on retail traders like normal, but he was also desperately sending a message. And that message was that we are not in a recession and everything is okay. He tried to say that now is the time to buy. That buying in this uncertain time is the antidote. They gave Cramer 30 whole minutes of Shark Tank time so he could plead with the working man to keep buying, keep bag holding as we veer off of the cliff, because we are veering hard. He knows it, CNBC knows it, they mentioned it on the show.
They literally said, you can taste it. Regular people can taste it. Wild statistics like the dip and recovery today being the biggest since October 2008 are piling up, we are seeing the writing on the wall clearer and clearer and the dumbest of smooth brain non-apes who invest in mutual funds are starting to hear little birds telling them something is off. And they’re starting to question their masters, and CNBC has to take the time to inject an extra fat dose of it-will-be-okay to keep grandma and mom and dad buying stock while the market makers and rich investors cash out and jump ship.
TLDR; Shark Tank being interrupted by Cramer telling folks to bag hold harder is the canary in the MSM coal mine.
Persona opinion: this is likely tied to the GME and other stocks naked shorting and synthetic shares costing Hedge Funds BILLIONS so far. It looks like a major one got margin called yesterday.
A small selection of sites for purchasing (US buyers):
APMEX.com (High prices, but best selection and variety of coins, rounds, bars, collectables. Good resources/FAQs on investing)
JMBullion.com / Providentmetals.com
silvergoldbull.com
bullionexchanges.com
scottsdalemint.com
goldenstatemint.com
Avoid sites like Ebay, due to the amount of counterfeits/fake metal and higher probability of scammers
I've only purchased using online dealers, as all of the Local Coin Stores charge crazy premiums, hence I get more ounces for my fiat currency by purchasing online. The amount of negative experiences/shipments I've had purchasing online is less than 3, over the past 10+ yrs investing.
spot price + dealer/mint premium = the price you pay for a troy ounce of metal. Due to high demand of metals currently, the premium is usually a minimum of $3-5 per ounce higher, depending on the product. Discounts for bulk purchases as well as purchasing with a paper check (or echeck/ACH for sites that have it) vs using a credit card.
Coins = considered legal tender (generally) in country (American Silver/Gold Eagles, Canadian Silver/Gold Maples, British Silver/Gold Britannias, etc) and have a face value of a currency. Nearly all dealers will charge state tax, depending on your state. My state charges tax on COINS now. Due to this, I converted to purchasing rounds/bars to get more ounces for my currency
Rounds = NOT legal tender and do not have a face value, only a weight and fineness stamped
Bars = generally the best value for your currency, per troy ounce.
Whatever you decide to purchase, recommend diversifying weights: <1oz, 1oz, 5oz, 10oz, kilogram, 100oz. The downside to smaller weights is a far higher premium. So two half ounce rounds might run you $30 vs $25 for a single ounce round. US "junk" or constitutional silver currency (pre-1964, 90% silver coinage) is a good way to have smaller weights of silver, although premiums are climbing on junk silver too.
Also, even if your state charges sales tax on coins, I'd recommend having some sovereign coins for the recognizability. Unfortunately, premiums on American Silver Eagles are sky high currently, but I'd still want to have some in my stack. I'd then pivot to Canadian Maples. I also really like South African Kruggerands and Britannias for coins, just wish I didn't have to pay tax. Otherwise, stack whatever combo of rounds/bars looks appealing.
Recommend staying away from graded coins and numismatics (value of a coin beyond the metal content) until you learn more and spend some time in the community learning. But that's the great thing about precious metals investing - you can turn it into a hobby as well through coin collecting and build/protect your wealth at the same time. Great hobby and learning experience for children.
Gold vs Silver: the best VALUE is purchasing silver, due to the fact that it is an industrial metal as well as an investment metal and it's criminally undervalued (by design). Gold is not used much in industry and is recycled due to the high value. The gold/silver ratio is around 75 to 1 of silver ounces to a gold ounce. This means it's better to buy silver and convert the silver to gold if/when the ratio changes. Historically, the ratio is closer to 7 to 1 silver to gold. However, if storage space is or becomes an issue, you can get far more value in gold vs silver. I recommend diversifying metals, so everything is on the table, but silver is the better play.
If you're looking for even more resource and a dedicated community, check out reddit.com/r/wallstreetsilver. reddit.com/r/silverbugs sidebar has a better list of dealers for purchasing, but is a leftist controlled community.
It's a lot to unpack, so hopefully this helps.
Thanks. That's a very quick, and detailed response. Hmmm...
You're welcome. Hoping it helps to get metal into your hands. The stock market is manipulated, just like precious metals are, but the biggest difference is you can hold your metals and trade them with other people - they've ALWAYS had value, for the past 5000 years. Sure, you can Direct Register your stock shares and "own" them, but you're still playing into the cabal controlled scheme. And THAT house of cards absolutely has to collapse - nobody knows what's going to happen to the wealth contained within when the dust settles. Diversify, but I prefer real money which is gold/silver.
One thing folks don't understand is that We, The People don't need the stock market if our MONEY had true value - before central banks tried to get their greedy cabal fingers into the pie. We wouldn't need to gamble in the stock market if we had honest money. We build our wealth by working hard and earning an honest wage - that's it. Zero need to "invest" it. A days wage in Ancient Rome was about 1/10 of an ounce of silver - size of a US dime. So the fact that you can buy TRUE, HONEST money for ~$25 US dollars right now today? Back up the Brinks truck and load all that shit up LOL.
If you're on the site and not a shill for the cabal, you should know that we're getting closer to the end of the "movie". The fact is that once mainstream media is talking about precious metals, it will be too late for most people - it'll become unobtainium. I'd much rather start stacking sooner than later because supply is already starting to become an issue. Hence the "silver squeeze" motto of WSS.