Silver Is On A Tear Today

They have already cleared I think around 300 acres of wood land since you left. Was reported in Syr.com 2 days ago.

 

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Jeffjay, ]Being a millionaire is not such a big deal anymore as there are about 23 million of them in the US today


1 OUT OF 11 PEOPLE.............. In fact, Many of these new millionaires don’t actually feel rich at all. MAYBE PAPER, LIQUID ASSESTS, it so much of their wealth trapped in illiquid assets, it’s easy to see why many millionaires feel asset-rich and cash poor. WHAT A PROBLEM TO HAVE RIGHT...

 

Lol I might have 1500 gold and electrum coins too but I have a wife who loves international travel and 3 kids. Harder getting coin money in that situation.

Most of mine aren't gold, but I do have a few coins.

 

Most of those 23 million are only millionaires because of their house. If the housing market goes down or they continue to live there they are not really millionaires. I believe its around 7 million in the US with non-residential net worth of $1 million or more. Most financial planners who used to say $1 million was the goal now say $2-$2.3 million is now the goal.

It all depends on your lifestyle and anticipated spending. I will never touch my 401k, (my wife can use it), and have not needed to work for a while now. I work today both because I am too cheap to give up a good paying job, I enjoy what I do, and for the kids inheritance. If you enjoy your job its not work.

I should try to spend more on coins though. That is where I have been lacking, new coin purchases.

 

Silver's spiking up a bit today. Not sure if there's anything in particular driving it. Back up around $82 now.

 

Thats the case with me. But assets are way more secure then cash. Property values here rise 5-8% each year. Average house on my area 1M+, thats only a 3200 sq. ft. house on average lot. Even classic cars, a 1958 restomod vette, go for 200-400K+ US$

Probably best comparision, it takes (50) 2026 Loonies to equal 1967 Silver Dollar.
But (1000) Loonies for a Lord Minto 1 Dollar banknote circa 1911 printing. In flation is a killer.

 

Apparently the U.S. is about to strike Iran.

 

I agree - I don't think a house should be weighted too heavily in these discussions, especially since it's very illiquid for most people and it becomes a target for perpetual tax revenues from authorities (not to mention the maintenance required). A far more relevant discussion is liquid assets, which, to be clear, people should not be boasting about as a general rule.

 

Lets hope so, 50K have been murdered on tyrant khameini's orders so far.