I used to keep a lot of cash at home. When I was renovating houses, it came in handy when a contractor occasionally needed cash.
When I retired (for the third time), the cash pile sat there for several years undisturbed.
At some point, probably after reading one of Bill Bonner's educational letters, I belatedly realized that the Fed was -- and had been for years -- deliberately devaluing the dollar. Its recent target is 2% each year, a target they always overshoot.
My epiphany was finally triggered. I used my cash pile to buy pre-1933 gold coins and, while mortgages were low, I invested in income producing properties. Both have nicely appreciated. And the rental income far, far surpasses the repair, insurance and tax costs I endure
And, since there is a fixed number of pre-1933 gold coins, not to mention a housing shortage, my once upon a time cash pile has appreciated, not depreciated like it used to year after year.
Moral of my story: Get rid of your dollars by converting them into something tangible that at least appreciates more than the Fed's scheduled 2% devaluation of the dollar
And, since there is a fixed number of pre-1933 gold coins, not to mention a housing shortage, my once upon a time cash pile has appreciated, not depreciated like it used to year after year.
Thank you for articulating the opposite of my version of "bric-a-brac" cryptocoin. *that fixed number* was what I was searching for when I got side-tracked into looking for something that will never run out. °Cherishº
50% in 5 years... We're all going the way of Argentina. We're all getting royally screwed, but I think the most difficult position is to be an elderly person living off savings and or fixed income.There's no savings vehicle with a decent risk profile that can really keep up anymore. They're basically stealing the accumulated labor of the middle class. This can't end well...
i recently worked. got 100 $ for couple weeks in hand on trust. goal was next money 10$ to savings.
RIGHT? I got 24$. I've not read you yet this going to jail and being on innocent provacteur status protected by the Pizzaballa; is the insane weight on my mind as a prayer patrol person for over a decade, IRL.
so i has 10$ for silver, that's earmarked like a paladin, capiche? & 14$ to INVEST as per "gave you investment opportunities" Jesus. I don't bank, carry electronics...what is 14$ in NC best buy until next mow. <--? IRL
I used to keep a lot of cash at home. When I was renovating houses, it came in handy when a contractor occasionally needed cash.
When I retired (for the third time), the cash pile sat there for several years undisturbed.
At some point, probably after reading one of Bill Bonner's educational letters, I belatedly realized that the Fed was -- and had been for years -- deliberately devaluing the dollar. Its recent target is 2% each year, a target they always overshoot.
My epiphany was finally triggered. I used my cash pile to buy pre-1933 gold coins and, while mortgages were low, I invested in income producing properties. Both have nicely appreciated. And the rental income far, far surpasses the repair, insurance and tax costs I endure
And, since there is a fixed number of pre-1933 gold coins, not to mention a housing shortage, my once upon a time cash pile has appreciated, not depreciated like it used to year after year.
Moral of my story: Get rid of your dollars by converting them into something tangible that at least appreciates more than the Fed's scheduled 2% devaluation of the dollar
And, since there is a fixed number of pre-1933 gold coins, not to mention a housing shortage, my once upon a time cash pile has appreciated, not depreciated like it used to year after year.
Thank you for articulating the opposite of my version of "bric-a-brac" cryptocoin. *that fixed number* was what I was searching for when I got side-tracked into looking for something that will never run out. °Cherishº
Amazing!
In God we trust !!!
🤣🤣🤣🤣🤣🤣
50% in 5 years... We're all going the way of Argentina. We're all getting royally screwed, but I think the most difficult position is to be an elderly person living off savings and or fixed income.There's no savings vehicle with a decent risk profile that can really keep up anymore. They're basically stealing the accumulated labor of the middle class. This can't end well...
I think we are all in a Fog, until the truth unfolds...
hholy shit i jst saw yre cinco de mayo sinkerage for corbett/bershire group
contemptible.
late, unread. title:
i recently worked. got 100 $ for couple weeks in hand on trust. goal was next money 10$ to savings.
RIGHT? I got 24$. I've not read you yet this going to jail and being on innocent provacteur status protected by the Pizzaballa; is the insane weight on my mind as a prayer patrol person for over a decade, IRL.
so i has 10$ for silver, that's earmarked like a paladin, capiche? & 14$ to INVEST as per "gave you investment opportunities" Jesus. I don't bank, carry electronics...what is 14$ in NC best buy until next mow. <--? IRL