Interesting day on the stock market to say the least but what caught my eye today was the Banking Stocks.
Bank of America down over -5%.
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Wells Fargo down -4.54%.
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Citi Group down -4.45%.
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Deutshe Bank was down a modest -3.35% to close at $9.06. Mind you DB 4 years ago was trading at $51.99 and has lost over 80% of its value.
So what gets me thinking is that just a few days ago Deutsch Bank was raided by the police in connection to a money laundering investigation. article linked: https://www.businessinsider.com/deutsche-bank-sinking-after-another-raid-amid-money-laundering-probe-2018-11
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Goldman Sachs was down -3.82%.
But then again Goldman Sachs was just in the news over missing funds from Malaysia to the tune of 4.5 billion dollars.
In France the natives are very restless over stupid Carbon Taxes. And yes they are stupid, the idea that taxing the heck out of people to create a "carbon exchange" so the likes of Al Gore can play vampire and suck the life out of people is ludicrous.
So all this unrest and all these financial chaos, I have one question for each of you.
Got Physical Silver?
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Lead and Beans are also helpful. :)
I don't know why but when I saw that silver at the end I said "NOM NOM NOM NOM" in my head and imagined that I was Pac-man gobbling them up :-D
I love silver and that is the main thing that I collect.
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Yea I love the US coinage!
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I have some I've had since I was a child, but that's it. I've never paid much attention to what it's been worth throughout the years.
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Interesting how when we are young somehow we always get a few pieces of silver and how it never leaves our hands. Something to think about.
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Silver dimes are worth about $3 in melt value give or take and the quarters are only 40% but still worth around $9 the last time I checked.
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In the US, all quarters and dimes minted in 1964 and before are 90% silver. The uncirculated quarters have 0.1808 troy ounces of silver content meaning their melt value is around $2.60 right now. Uncirculated dimes have 0.0723 troy ounces of silver and have a melt value of around $1.05 today.
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Thank you for your continued support of SteemSilverGold
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Buy more silver!
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Bad day for banks! Every dog gets it's day. They tax the air here too but we are too docile to protest, it's dumb. and nothing more than a cash grab...here..pay more to heat your house at -40.
The older I get the happier I am I made the decision early in life to stash some silver away... You know just in case fiat works as planned.
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"To docile to protest", well look at France apparently they are waking up! Beware of the French women! ;)
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It would be nice to see all the banks go belly up. It's too bad we always bail them out. And I agree....Beans, Bullets and Bullion. :)
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I love US Constitutional coins, my friend! A great way to stack!!!
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Great post. I hope it never comes down to the lead and beans though. I hate beans.
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Too funny!!!!!!!
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When stocks go down, I worry about losing my value. When silver goes down, I try to buy more! :)
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