As I mentioned in an earlier update on X, I halted my purchases of silver once the price hit $60. Similarly, I ceased acquiring Bitcoin at the $6000 mark and stopped buying gold at $300. Although I have liquidated a portion of my Bitcoin and gold holdings, I genuinely dislike selling, primarily because I detest paying capital gains taxes.
For the time being, I am waiting patiently for gold and Bitcoin to establish new bottoms before I consider re-entering the market. This approach aligns with the Rich Dad Lesson that states: Your profit is made when you buy… not when you sell. Rest assured, I will provide an update on X the moment I begin buying again.
Until that happens, please keep another Rich Dad lesson in mind: Pigs get fat… hogs get slaughtered.
The far greater issue we face is the national debt of the USA. While the recognized debt stands at $38 trillion, the figure balloons to $250 trillion when you factor in obligations for Social Security and other Marxist programs like Medicare.
In this economic climate, your most prudent financial habits are likely patience, vigilance, and continuous education on YouTube. I intend to purchase additional silver at $74 and gold at $4,000. Regarding Ethereum, I hold a sufficient amount for now, though I do plan to buy more eventually.
The root of the problem lies with the Fed, our incompetent leaders, and the criminal banksters who exploit the public using fake dollars. We are facing rough times ahead.
Take care.