Masters of Misdirection: A Friday Finance Post

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If you paid attention to the title, it is probably pretty obvious why I picked the photo above. I've gotta tell you though, there is a deeper story to it. You might be looking at it and thinking what in the world does french fries (or chips) have to do with finance.

The honest answer is, they probably don't, but when I went into my personal photos from the past couple of decades that are store in Google Photos and I typed in the word "invest", this is one of the photos that came up.

Clearly Google has some work to do with their algorithm. Then again, maybe I am just not smart enough to figure out the connection between fries and investments. I guess it could be argued that fries are an investment in something delicious. I probably won't get much push back there. You certainly won't get any from me.

Call it misdirection if you want, but this is a game that is being played with all of us every day by the federal government, the regulators, and all the rich folks that have a vested interest in keeping the rest of us poor.

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It is time again for another Finance Friday/Friday Finance. This is a series I started where I talk about random bits of financial stuff that I have seen, gathered, or experienced during the week. I hope as a reader you find it informational, entertaining, or both. I also hope it can generate some good discussion and edify the Leo community.

I've got a couple good stories for you today. Okay, maybe not good, but things I definitely found intersting.

Costco Gold

The first is for those members of the #silvergoldstackers community that I am lucky enough to be a member of. I saw this article the other day talking about how Costco has started selling 1 oz gold bars. Apparently, they are in such high demand that they can't keep them on the shelves (cyber shelves).

I don't think you can actually purchase them in store, but according to the article they are available via their online store. Apparently there was such a run on them that they had to start limiting them to two bars per person.

It never ceases to amaze me the things you can buy at Costco. I remember when the first one opened in our area (right down the road from our house) a couple of years ago. They had a full barrel of Buffalo Trace Bourbon you could buy for $10,000. Needless to say I was tempted!

If you take the time to scroll down and read the comments, you will see quite a number of stackers have piped in and pointed out the ~$2000 cost of the bars at Costco really isn't that great of a deal.

Let's be honest, the comments are sometimes the best part of the article when it comes to Yahoo. In any event, it is interesting to see how precious metals are being marketed to the mass consumers and how many of them are actually taking the dive into stacking.

Gensler Under Fire

Of course the second piece of news ties into the title of this post and has to do with the hearing that took place on the 27th of our good buddy Gary Gensler. I found a really good article about it that you can read right here. I've gotta share one of the parts that stuck out the most to me.

At one point in the past, Gensler was arguing that the United States has the most "sophisticated and innovative" capital market in the world and for that reason it shouldn't be taken for granted because "even gold medalists must keep training".

My hats off to Andy Barr who latched onto that comment whenever it was first uttered and was able to come up with his own analogy to use during this hearing.

“With all due respect, Mr. Chairman, if the U.S. capital markets are a gold medalist, you are the Tonya Harding of securities regulations,”.

I don't care who you are, that's pure gold right there! I highly recommend you read the article, it's pretty funny how none of the people seem concerned about holding back against Gensler.

Make no mistake though, as inept as he may seem, he knows exactly what he is doing. Hence the misdirection I spoke of earlier. Many others have talked about it on Hive including edicted@edicted for example. The powers that be are merely stalling until they have all their ducks in a row.

This isn't the whims of a moron or a madman, this is calculated and coordinated.

A close second for me on comments from legislators would be Ritchie Torres asking Gensler if Pokemon trading cards were securities. Like I said, absolute gold.

DBOND

Finally, I know I have been hammering on this for the last couple of weeks, but I just want to remind you that in my opinion, DBOND isn't a token on Hive-Engine that you should be sleeping on. This investment "game" is brought to us by people with a relatively solid track record here on Hive.

Look at the success the EDS token and the BRO tokens have had over the past couple of years. Even through the bear they continue to hold a reasonable value. Well DBOND is based on EDS and brought to you by the same people behind EDS and BRO.

At a price of 1 Hive per token now is definitely the time to buy. There are less than 8000 left and once these are gone, we don't know when the next batch will be released. Sure you could wait, but then you would miss out on all the earnings that are happening between now and then.

Plus, they just announced the VIP program that is going to have a token associated with it. You better believe I will be buying one of those. Maybe even more than one (they have indicated you only need one). The 30 HBD price might be steep for some users, but I think it is going to pay off down the road. No doubt in my mind.

In case you aren't familiar, staking DBOND generates the DAB token. You can stake the DAB token to earn drips of DBOND, or keep it liquid to get drips of Hive. Right now though, the DAB token is selling for around 6 HIVE on the secondary market. Personally, I have been selling my DAB and using the profits to buy more DBOND. It's a way better deal while DBOND is still available at 1 Hive per token.

It won't always be like that, but right now I think it is the best way to maximize my earnings. Eventually, I will just start staking everything. If you want more info, just hop into the BRO Discord.

That's all I've got for you today. I hope you have an awesome weekend!

Anyone hungry for some fries now?


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All pictures/screenshots taken by myself or mrsbozz@mrsbozz unless otherwise sourced

Masters of Misdirection: A Friday Finance Post | Ecency