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Friday May 14th, 2021: What to watch out for this weekend

Editor’s Note:

Last night I found myself in the garage sanding a 4.2 troy ounce silver bar. I was reflecting on the last two weeks of my Betonsilver.com website, and most recent silver pours. My sales have not been the greatest. Traffic to the website is very minimal and sales are at zero percent since the soft-launch of my dot-com in April.

Yesterday I toyed with the idea of letting go of the site. Instagram is my bread and butter, and the community is rock solid. If I cut my site that would not only save money, but it would save time which is my most precious asset.

However, as I mindfully stared at my 800 grit sand paper slide back and forth on my silver bar, I remembered. Such as life, everything is a process. And when I lead with that concept, Bet on Silver becomes a journey, not rushed with a price tag. Silver bars become crafted and not cookie cutter. Time, effort, and uncomfortable conversations with my wife and daughter become key moments in my journey through adulting. My son does not have to hear the words, “wait or maybe later.”

With each stroke of sandpaper my silver bar organically becomes it’s destiny. It’s journey continues, and not complete when it is shipped to it’s next owner. At that point, my work is done, and preparation for the next piece initiates. When I am stuck in my head with website stats and price points I have no time for anything or anyone else. And that is not acceptable.

-JR Valdes

Great, now with all that said let’s get down to business, lol! There has been a lot of movement with crypto currency this week. You might be asking yourself, why are we talking crypto on a silver website? Well, I truly believe precious metals and digital currency are the future. Of course, everyone has their own opinion, but making crypto currency a payment option on the site, is a good move. Now full disclosure: I am not a day-trader, financial advisor, or claim to know and understand the volatile market of crypto. Nor, do I encourage anyone to invest. However, I do know one thing, and probably the most important. If you decide to invest, put in only what you can afford to lose. Below I will post referral links to website/Apps that I actually use for purchasing crypto and so far deem safe by my experience.

Ok, let’s talk silver. There was a May 10th “silver squeez” that supposedly was going to take place, via reddit. It’s significant because in the attempt to basically screw the major investors who short physical silver, silver would become sold out on bullion sites, causing premiums to sky rocket. It’s unclear if the squeeze actually took place. As I write this silver spot price is currently $27.47 up .28 cents and up 1.02% for the week according to Kitco.com. Significant numbers but not setting the world on fire numbers. Also at the time of this article the bullion dealers appear to be stocked with silver.

Weekend Reads and Referral Links

Elon Must Working With Dogecoin…

Silver Squeeze

Robinhood

Gemini

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