Just one word.
Or do I need a thousand pictures?
Okay that was my dramatic post. But for you who thirst for weighted words, I'll try to give it again in 25 words or less, maybe an elevator speech.
My first experience in owning stock was an inside tip on GENENTECH in 1985.
That's when I found out you could sell what you don't even own.
It was a few years later and I was overseas in Desert Storm, earning 7 medals in the real Top Gun.
Known as The Night Carrier in the Persian Gulf.
I had my dad sell some because it appeared my order to sell was lost in the mail -- how could that happen.
Indeed in San Diego my car got stolen by human traffickers, found and impounded and auctioned while I was at war.
Along with that notice I received another letter informing me of the pending auction since I hadn't responded for months.
Not to mention my rent check bounced. Where was I?
Yeah GENENTECH mutated and I stayed out of it from 1993 until -- fast forward -- 2013 when I bought gold.
I held a chunk in a deposit box from around 2013 until 2020 when it hit 2000 and a jewelry designer friend came over to advise me to sell.
I waited until my 13,800 EUro chunk (250 grams) had dropped in value to 11,200 (bought for 7,000).
Then I took profits and realized I had been squandering like a poor miser with kids who needed shoes.
One of those kids turned me on to crypto.
Being retired, I had nothing better to do but throw some change in there and pay attention.
My kid -- obviously a genius -- led me to some interesting coins you've probably bought or sold yourself.
You know, a quasi-penny-stock thing up on Binance or Coinbase or whatever.
But friend, the volatility -- I truly walked away in the green. $2000 became $2800 in 3 days and I sold before it dropped.
What I learned from selling my gold.
Which I bought again.
Which is what I think thousands of people just like me are beginning to do.
Oh yeah the day/price measuring tool I chose only to show price, not bars/days/time.
Or do I need a thousand pictures?
Okay that was my dramatic post. But for you who thirst for weighted words, I'll try to give it again in 25 words or less, maybe an elevator speech.
My first experience in owning stock was an inside tip on GENENTECH in 1985.
That's when I found out you could sell what you don't even own.
It was a few years later and I was overseas in Desert Storm, earning 7 medals in the real Top Gun.
Known as The Night Carrier in the Persian Gulf.
I had my dad sell some because it appeared my order to sell was lost in the mail -- how could that happen.
Indeed in San Diego my car got stolen by human traffickers, found and impounded and auctioned while I was at war.
Along with that notice I received another letter informing me of the pending auction since I hadn't responded for months.
Not to mention my rent check bounced. Where was I?
Yeah GENENTECH mutated and I stayed out of it from 1993 until -- fast forward -- 2013 when I bought gold.
I held a chunk in a deposit box from around 2013 until 2020 when it hit 2000 and a jewelry designer friend came over to advise me to sell.
I waited until my 13,800 EUro chunk (250 grams) had dropped in value to 11,200 (bought for 7,000).
Then I took profits and realized I had been squandering like a poor miser with kids who needed shoes.
One of those kids turned me on to crypto.
Being retired, I had nothing better to do but throw some change in there and pay attention.
My kid -- obviously a genius -- led me to some interesting coins you've probably bought or sold yourself.
You know, a quasi-penny-stock thing up on Binance or Coinbase or whatever.
But friend, the volatility -- I truly walked away in the green. $2000 became $2800 in 3 days and I sold before it dropped.
What I learned from selling my gold.
Which I bought again.
Which is what I think thousands of people just like me are beginning to do.
Oh yeah the day/price measuring tool I chose only to show price, not bars/days/time.
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