{"id":900,"date":"2024-10-09T14:50:53","date_gmt":"2024-10-09T14:50:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=900"},"modified":"2024-10-09T14:50:53","modified_gmt":"2024-10-09T14:50:53","slug":"5-things-to-know-in-investing-this-week-the-rising-price-of-commodities-edition","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=900","title":{"rendered":"5 Things To Know In Investing This Week: The Rising Price Of Commodities Edition"},"content":{"rendered":"<div>\n<p><strong>Bank of America<\/strong> (NYSE: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/bac#NYSE\">BAC<\/a>) has an outage with customers showing balances of zero. The customers are horrified. Want to know why the Bitcoin community finds this hilarious? The answer is hubris. Japan communicates it is dedicated to keeping ultra-low interest rates. The yen predictably declines again. <strong>Costco<\/strong> (NASDAQ: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/cost#NASDAQ\">COST<\/a>) made a fortune selling gold bars. Now they\u2019re adding platinum. Do you own enough assets outside the financial system or do you want your assets at $BAC? War in the Middle East is accelerating with Iran attacking Israel, and Israel publicly considering taking Iranian oil production offline. Oil prices rose. In our continuing series on investor education, we talk about what to do when you\u2019re losing money in a stock.<\/p>\n<p>This week, we\u2019ll address the following topics:<\/p>\n<ul>\n<li>\n<p>Bank of America CEO says if you own Bitcoin (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>), you could wake up to a zero balance one day. Then $BAC customers experience that at the bank.<\/p>\n<\/li>\n<li>\n<p>The Bank of Japan is trapped and makes the worse of two bad choices again.<\/p>\n<\/li>\n<li>\n<p>Costco\u00a0selling platinum bars in addition to gold. People keep telling me the dollar is in great shape. I\u2019m skeptical.<\/p>\n<\/li>\n<li>\n<p>Global conflict is leading to higher oil prices. That could be a problem for a Federal Reserve that just cut rates.<\/p>\n<\/li>\n<li>\n<p>If you\u2019re down in a stock you like, when should you sell?<\/p>\n<\/li>\n<\/ul>\n<p>Isn\u2019t this the part of the 5 Things where you compliment Andrew Brown and Alex Petrou again? Yes. They continue to do fantastic work and deserve public credit. Thanks for mentioning it kind reader.<\/p>\n<p>Ready for a new week of making money on commodity inflation? Let\u2019s dive in:<\/p>\n<ul>\n<li>\n<p><strong>Bank of America Outages: Bitcoin\u2019s Ironic Moment:<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>Wednesday wasn\u2019t a great day for Bank of America $BAC customers. Systems went down, and many people opened their banking apps to a gut-wrenching sight \u2014 balances of $0 in their accounts. According to Downdetector, over 20,000 outages were reported, sparking panic just after 1 p.m. ET. BofA quickly responded, assuring everyone that the &#8220;issues are being addressed and have largely been resolved, and apologized for the inconvenience. So, if it&#8217;s all under control, why are we harping on it?<\/p>\n<p><img decoding=\"async\" alt=\"bofa_ceo.jpeg\" src=\"https:\/\/cdn.benzinga.com\/files\/images\/2024\/October\/08\/bofa_ceo.jpeg\" style=\"height:349px; width:624px\"><\/p>\n<p>Ever want to eat your words? It could be worse. You could be this guy.<\/p>\n<p>DKI Takeaway: Interestingly, $BAC CEO, Moynihan, once warned that \u201cBitcoin is highly speculative, you could wake up one day and your account would be worth zero.\u201d The irony is hard to miss. While traditional banking stumbled, Bitcoin holders who self-custody didn\u2019t wake up to any unexpected surprises. The outage also makes a case for physical gold \u2014 your shiny bar doesn\u2019t disappear into the digital ether. So, while BofA was scrambling to get their systems back online, perhaps it\u2019s a reminder that diversifying into assets you can hold in your own hands outside the system \u2014 be it Bitcoin or gold \u2014 could offer some peace of mind. If you need assistance with self-custody of Bitcoin, reach out and we can help you.<\/p>\n<ul>\n<li>\n<p><strong>Japan\u2019s BoJ in a Rate Hike Trap as Yen Slides Again:<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>Japan\u2019s Prime Minister, Shigeru Ishiba, has ruled out further interest rate hikes for now. This was announced following his first meeting with Bank of Japan Governor, Kazuo Ueda. Despite two immaterial hikes &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41235154\/5-things-to-know-in-investing-this-week-the-rising-price-of-commodities-edition\" alt=\"5\" things to know in investing this week: the rising price of commodities edition>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bank of America (NYSE: BAC) has an outage with customers showing balances of zero. The customers are horrified. Want to know why the Bitcoin community finds this hilarious? The answer is hubris. Japan communicates it is dedicated to keeping ultra-low interest rates. The yen predictably declines again. Costco (NASDAQ: COST) made a fortune selling gold [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-900","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=900"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/900\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}