Powerball Fever
Posted: Sun Jan 10, 2016 4:21 pmPeople are fantasizing about suddenly winning greater magnitudes of wealth than they could ever imagine. Now they're talking
1.3 billion. And, yes... such numbers are unimaginable... as are your odds of winning. 292,000,000 to one.
That's like having to pick the right day of the year between now and the year 797,984 BC
Your chances of winning are infinitesimal. But if you feel engulfed by a wave of exhilaration and discover the compulsion to buy
irresistable, go ahead and pick up... one ticket. Just don't bet the farm.
It would be interesting to perform a thought experiment, though, because... someday in the future... what we are witnessing now will have
application to what we can expect to experience then. This same frenzy, excitement and clamor to purchase tickets could easily apply to the rush to
obtain silver and gold among the public as their prices soar to unimaginable heights. Everywhere you turn, it would be all they're talking about.
"Are you going to buy some?" "Yeah, right after work!" The secretary walks by and says "I skipped lunch, so I could buy some."
Someone else chimes in "who wants to buy into a pool?" "Allocated or unallocated?" an educated hard money man asks.
It would be on every television channel, talking heads debating how high could prices go? "It's already surpassed all previous records!"
"Last month silver was just $300, now it's at $500! They're saying it could easily go to $1000!" "Will gold break $20,000? No one ever
thought it would cross $10,000 an ounce before last week!
Folks would watch headlines, their eyes glued to the screen wide with amazement as dollar values climb hour by hour,
accelerating by the minute, astounding even those who thought they had some idea of their value. Rapidly escalating prices of mining stocks would scroll
across the bottom of their screens as financial channels began showing nothing but interviews with James Sinclair and Eric Sprott. CNN would run a
special, 'The Vindication of Peter Schiff', to the embarrassment of CNBC commentators.
When this happens, this flood of sudden interest will, at first, cause bottlenecks at online dealers, and long lines at LCS. At some point
the armed guard will lock the doors announcing "Sorry folks, they're all sold out." The websites of Provident Metals, APMEX and others will
post "down for maintenance" when you attempt to access those sites.
When the precious metals frenzy reaches the state that this current Powerball insanity has, the old adage will finally prove true. If you don't
hold it (by then), you won't own it. Only those "precious metals lottery" ticket holders who had already purchased their various stacks of numbers
years before will be entitled to claim their winning prize at that time.
1.3 billion. And, yes... such numbers are unimaginable... as are your odds of winning. 292,000,000 to one.
That's like having to pick the right day of the year between now and the year 797,984 BC
Your chances of winning are infinitesimal. But if you feel engulfed by a wave of exhilaration and discover the compulsion to buy
irresistable, go ahead and pick up... one ticket. Just don't bet the farm.
It would be interesting to perform a thought experiment, though, because... someday in the future... what we are witnessing now will have
application to what we can expect to experience then. This same frenzy, excitement and clamor to purchase tickets could easily apply to the rush to
obtain silver and gold among the public as their prices soar to unimaginable heights. Everywhere you turn, it would be all they're talking about.
"Are you going to buy some?" "Yeah, right after work!" The secretary walks by and says "I skipped lunch, so I could buy some."
Someone else chimes in "who wants to buy into a pool?" "Allocated or unallocated?" an educated hard money man asks.
It would be on every television channel, talking heads debating how high could prices go? "It's already surpassed all previous records!"
"Last month silver was just $300, now it's at $500! They're saying it could easily go to $1000!" "Will gold break $20,000? No one ever
thought it would cross $10,000 an ounce before last week!
Folks would watch headlines, their eyes glued to the screen wide with amazement
as dollar values climb hour by hour, accelerating by the minute, astounding even those who thought they had some idea of their value. Rapidly escalating prices of mining stocks would scroll
across the bottom of their screens as financial channels began showing nothing but interviews with James Sinclair and Eric Sprott. CNN would run a
special, 'The Vindication of Peter Schiff', to the embarrassment of CNBC commentators.
When this happens, this flood of sudden interest will, at first, cause bottlenecks at online dealers, and long lines at LCS. At some point
the armed guard will lock the doors announcing "Sorry folks, they're all sold out." The websites of Provident Metals, APMEX and others will
post "down for maintenance" when you attempt to access those sites.
When the precious metals frenzy reaches the state that this current Powerball insanity has, the old adage will finally prove true. If you don't
hold it (by then), you won't own it. Only those "precious metals lottery" ticket holders who had already purchased their various stacks of numbers
years before will be entitled to claim their winning prize at that time.
That cant be that good of idea....