This Is Going Really Bad
I was told such a weird story that I had to check it out for myself, but it seems that declaring a person deceased was a challenge for doctors and morticians, up until the 20th century. They previously relied on imprecise methods of observation, such as smell and touch, which caused many burials of people who actually still had a pulse.
They’d bury them with a bell, in some cases, so that if they woke up, they could still make a sound and potentially save themselves, had someone heard the bell.
Taphophobia is the fear of being buried alive.
One of the craziest stories, passed down the generations, was that of a noble lady that was buried with a valuable ring on her hand. One of the peasants noticed, so after the funeral ended, he planned to rob the corpse of her ring, but she woke up because of his digging and his opening of the casket. When the thief noticed that she was accidently buried alive, he got spooked and ran off.
The peasant was so frightened by the resurrection that he scrammed and the lady got her life back.
Right now, the latest inflation numbers going down for the first time in months. With the strong jobs numbers and the positively-strong consumer, the market is betting on a resilient dollar – and that is burying silver in the ground.
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If someone had a faint heartbeat, yet was put in the ground by mistake and awoke to ring his bell, his family would be ecstatic.
If silver pulls a comeback, I’ll also be delighted, but should one bet on the resurrection?
Billionaire bond expert Jeffrey Gundlach believes that the dollar’s little turnaround here is meaningless.
He thinks that its price is headed way down!
He’s not alone, as you know, since Ray Dalio and other hedge fund titans happen to feel the same way.
I’ve seen silver disappoint many times, so my strategy is to just wait. I’m not buying this dip, nor am I selling out.
The fact of the matter is that this year is a big mess for precious metals, with many twists and turns, so I can’t make a big decision like calling a bear market for silver, based on one set of data.
What’s been working in 2021 is taking small strides, not swinging for the fences, since we’ve seen some crazy ups and devastating downs for many asset classes.
One of the core principles I believe in life is that luck is what happens to people who are already on the right track, and that’s why I’m obsessed with risk-management; some people succeed by taking giant risks, but I rather focus on avoiding blowing up.
I refuse to gamble, and I also refuse to shut my eyes to commentary, which is contrary to my instincts. I have to listen to counter arguments; it’s the only way to learn.
When Portfolio Wealth Global profiled Bitcoin for the first time, its price was around $450/coin. Ethereum, when it first made it to these pages, was $12/token.
People thought I was crazy and I thought I was right. Keeping at open mind is what makes the difference between a life full os wins and one of a broken record.
Right now, I don’t see a massive comeback for silver; I’m sitting this one out (for now).
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