Jul. 20 at 2:10 PM
$USAS
Why I invest in silver and mining stocks and will continue to do so for the foreseeable future.
1. Auto Repossessions at ATH's. Americans have a record 1.7T in auto debt.
https://www.washingtoninformer.com/auto-loans-financial-distress/
2. New housing builds/permits at lowest level in 10 months when summer months in the U.S. are prime time to construct. All due to higher mortgage rates and high home prices.
https://www.reuters.com/business/us-home-builder-sentiment-falls-july-amid-affordability-challenges-2026-07-16/
3. U.S. credit card debt at ATH of 1.252T. Americans financing their 'livelihoods' on credit.
https://www.lendingtree.com/credit-cards/study/credit-card-debt-statistics/
4. Student loan debt surpasses 1.86T in the U.S. with default rates at ATH
https://apnews.com/article/student-loan-debt-default-6732d5b28545acd10d36d743f5080d01
5. Uptick in job layoffs across many industries including the 'recession proof' industries like Verizon
https://www.fastcompany.com/91575600/verizon-layoffs-today-more-jobs-slashed-2026-retail-store-shift
6. Home foreclosure rates across U.S. approaching levels not seen since the U.S. recession in 2008
https://www.cbsnews.com/news/us-foreclosures-homeowners-financial-strain-attom/
Anyone care to tell me why silver and mining stocks are not a safe bet in these times? USD and bond market are collapsing in real time.
