Spot Price of Silver=Boring!

Dont forget about the property taxes.
Those bastards still have their hands in your pockets.

 

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But it certainly is frustrating! The high prices for junk silver and American Silver Eagles make it hard to buy door and raffle prizes for my local club.

I recently inherited this job because the guy who used to do did not come back after the pandemic. He used to include a cull Morgan Dollar as one of the last raffle prizes. When I priced an ugly one, the dealer wanted $28. The raffle participants are getting a pristine silver Proof from the 90s instead. I could buy that for the junk silver price.

 

Your private residence is a cornerstone to your investment portfolio. After that, you have to branch out to other things.

Rental property looks like too many headaches to me. In addition to bad tenants, who might tear it up, you have the government suspending rental payments. You are left with the maintenance expense, property taxes and mortgage payments, if you have any, but no income stream.

 

Do you like using that street in front of your house that directly connects to thousands of miles of other streets for free?

(as one example)

 

Ahhhh the greatest sham going. We don't own the home we live in, even if it's mortgage free. We only rent it from the owners .gov.

 

Except that's a complete misunderstanding of reality.

You can certainly own real estate free and clear, but if you that property to be part of a place with public facilities and services, you have to pay the taxes to support them.

Do you have you're own private fire/rescue/police force to defend you're little kingdom?

It's part of the social compact we're responsible for.

 

Make no mistake about it. You do not under any circumstance, unless you're on a reservation, own your land.

You must ask permission to put in a pool, build an extension to an existing home, build a shed, erect a fence, build a retaining wall, add a hot tub/spa, put in a fireplace/wood/pellet stove, among other things. And once those upgrades are done your friendly tax assessor will make a visit to say oh how beautiful! Pay us more taxes.

And if that's not enough, if you decide to, or can't pay your 'rent', ie: taxes, you'll get a foreclosure notice. And if your mortgage is what you default on, even though it is the first lien holder, the tax man jumps right in front of the first lien holder and says we get our money first. If there's anything left it's yours.

Oh yeah, another little heads up about that home you thought you owned. If .gov decides they want to build a new super highway right through your living room, good ole eminent domain gives them every legal right to 'offer' you FMV (in their mind) and take your living room away whether you 'accept' their 'offer' or not.

Any misguided thinking that you own your home is just that, misguided. You and I are nothing more than a mere tenant on their property. Any other view is the alternate reality.

 

Would you like you neighbor to be able to do as he pleases with his land and build a couple pig manure storage ponds next to you?

And you'd probably explode if I told you I've spent my 19+ year professional career working for local government...in development review, so I won't tell you that.

I hope the view is nice from within your reality.

But back on topic: Silver is fun when it's old and in large coin form.

 

Please do tell me in a passive aggressive way. That's ok. Also, please tell me what part of my post is incorrect, I'm very willing to listen to your reality.

 

The part where you call taxes 'rent'. That is a gross misunderstanding of reality as taxes are funds collected by the representative government to pay for the publicly provided services.

And regarding construction permits and compliance with building/plumbing/zoning codes, that's just generally good exercise of constitutionally (US and State) permitted police powers to enforce community determined level(s) of proper health, safety and sanitation.

 

Semantics. Don't pay your rent and you get evicted. Don't pay your taxes and you get foreclosed on, then evicted. Same end result.

 

SWEET I stirred up a topic
Let's just say I feel like I pay plenty in taxes...now If the .Gov wouldn't be pissing away the money EVERYONE'S taxes wouldn't be where they are.

That should gain friends and influence people
Anyone else have an endless credit card?

 

I got a good ole eminent domain story too.
Guy bought a house on a corner lot.
20 years in he paid it off.
The city wanted to widen the street on the north side of his property where his driveway as workshop sat.
The otherside of the street was a canal that was filled with 10 years previously and on an undeveloped lot that belonged to a church.

They offered $5,000 for the 8 feet of his property.
That 8 feet encroached into his driveway 3 feet making it difficult to pull a car in from one direction.
He latterly had to drive down the block turn around and then pull into his driveway.
After a lawyer and $10,000 he lost the 8 feet.

The city moved his cinder block wall and the city sidewalk over 8 feet in a mater of 6 months.
10 years later, YES 10 YEARS the city finally widened the road.
Then 6 months later the city wanted another 8 feet on the north side for $10,000.
That time he lost the access to his driveway and workshop all together and was essentially reduced to parking on the street in front of his house.

He finally sold (the city diminished the value so much that he never recovered the true property value)

 

there are some states where property taxes are low when you retire.
surprised you don't know that

https://www.neamb.com/retirement-planning/10-most-taxfriendly-states-for-retirees

 

Well at least he 'owned' the property till he sold it

 

Absolutely right...no one should own property

 

This works to, at least its something over your head...LOL

 

Silver sucks. Yawn! I have never made a dime on it. Only lost.

I'm about to lose again because I'm about to unload the about 500 bux i have left of it. It's a waste of my time and money.

With the money I'm gonna buy something worthwhile.

 

Just watched a TV presentation....it was "The singular, most numismatic event" Selling 2021 ASE type-2 ANACS MS70 First Strike $89.95 plus S&H.
Wow! what a deal! Considering silver spot is about $23.10 right now. Is that what they call coinflation?
Sorry if this is off topic a bit but, that seems to be quite a premium even if it is slabbed.