The other day I postulated some numbers about the costs of oil extraction.
Well here is an interesting coverage from Reuters, below $50 pretty much everybody is hurting.
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Boy, did that bull flag work out well!! 
Hope you kill’in it Mag. Gold golden at the moment.
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Not sure those are the words I would use - I just buy fizz whenever it drops.
Saw this coming years ago.
So, if you believe Home, Auto, Boat, and Life Insurance are smart… you better make sure you have some GOLD & SILVER INSURANCE.
I was lapping it up … right up until this part:
Have you have ever thought about how a 30 Year U.S. Treasury gets repaid??? You need 30 years of global growth to allow that 30-year U.S. Treasury to be paid back.
That is simply wrong. The system relies upon inflation and that is why most Central Banks chase this 2% figure. After 30 years of 2% inflation the buying power of the principal loan is reduced by around 45%. The government simply issues a new bond for ‘an equivalent amount’, redeems the old bond and spends the difference. … and so it goes on. Thank you Mr. Nixon, sir.
Sorry for the late reply, but thanks for the insight. I’m just very cautious about investing with anyone other than myself. Factor in my elderly mother knows absolutely nothing (edit, about investing), and is just banking on the fact that the private trader she’s thrown roughly $350k at is legit, leaves me a bit unnerved to say the least.
Understood.
It is hard for those with (some) money to exploit the financial markets. The only people I can recommend are those used by my sister … she is very happy with them and they are a recognised wealth management company. The larger insurance and pension management companies are also probably Ok, but as always DYOR.
I do everything myself, and stick by the old maxim; “don’t put all your eggs in one basket”.
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There goes the US shale oil industry. Brent around $25 and WTI nearing $20.
I’d say that I love the low gas prices in Canada these days, but when the price of gas is almost half of what it was before this whole Covid-19 thing started… I’m kind of scared. I don’t want my country to end up like Venezuela. Although, we might be on track with that. Toilet paper is going out of stock as quickly as Disco went out of style.
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The bad news is that I still have a trade to recover …
The good news is that my funds are now up as much as I took out last November to pay the tax man.
If I can keep this going until the end of the year I will be up 28% … which is way better than the stock market even without the Corona Virus shut down.
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