Recent content by Pavel Svinchnik

Have you considered buying silver coins? I have some old U.S. 90% silver coins, junk silver. I also bought some British gold sovereigns. I think the silver will be more useful for purchasing everyday items if the economy falls apart. I prefer coins to ingots as they are more easily recognized.

Nordstrum is way down today; they had a bad quarter and mobs ransacking their stores, but there might be a dead cat bounce here. Any thoughts?

It is highly unlikely that I will ever have a kilo bar of gold but I do have some historical gold coins, like English sovereigns and French 20 franc coins. I also have some rolls of old, U.S. 90% silver coins for trading with the natives; Mercury dimes, standing Liberty quarters, etc.

Like you, I bought some GLD shares a few years ago but found that every month, they sold a bit of gold to cover costs. I had to enter all the sales data into my income tax forms each year. Not a lot of money, but an unexpected item. I've sold those shares and bought physical gold.

I frequently tune into the financial channels during the day, Fox Business News (FBN) and Bloomberg. I've noticed lately that FBN is being overwhelmed with commercials. It seems that whenever I tune them in, there's a commercial on. And it's not just one commercial; they do strings of six or...

My guess is that the Reddit gang will have a few more concerted efforts, then break up into factions, each one aiming at a different target. This will dilute their effectiveness.

He who sells what isn't his'n, Must buy it back or go to prison. Daniel Drew

I think that this is an extension of the revolt of the "deplorables" against the elite overclass, similar to the Brexit repudiation of the pollsters and the Trump election over the ordained election of Hillary. The little people are recognizing their power over their rulers,

If there are only 1,000 shares outstanding, how can long stock holders end up with 2,390? If Melvin borrows 700 of the only 1,000 outstanding shares, there are only 300 left to borrow; how does Citron then borrow 690? If I hold a share, can I loan it out more than once, creating new shares...

I bought a February $50 put option on Gamestop Wednesday afternoon and sold it Thursday morning for a 40% profit.

I expect the whole GameStop thing to come crashing down before Valentine's Day.

I'm stocked up on bullets in the various calibers and gauges I use.

I stocked up on junk silver several years ago; lots of Franklin Halves, Walking Liberty Quarters and Mercury Dimes. Plus silver eagles and some 1/10 ounce gold eagles. I recently bought some old European gold coins; English Sovereigns, German 20 Marks, etc.

I expect a major correction in the next month or so and was thinking of buying some high-dividend stocks at bargain prices at that time. Does anyone have plans on what to buy during the next downturn?

I was thinking of buying some put options for when it crashes.