Batten down the hatches... The waters are about to get rough

Sure. Look at, ohh, just to pick one, HOW ABOUT THE LAST FIVE YEARS, PAL?

And when you finish with that one, you might, umm, CHECK OUT THE 80'S AND 90'S!!

 

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Smart move. I just raised the rent on our rental to cover our increased costs. It was only $45 a month, but as the taxes and fees increase - well... I'm not in it to lose money. Nobody's in it for a loss. Some are a bit nicer and not looking to gouge, but as a renter you have no control.

You also bought at a great time. Congratulations!

I bought my 4th property in 2010 when popular opinion said real estate was dead and there would never be a recovery. So much for popular opinion.

 

Yes, it is. Just like cash is an asset, coins are an asset, a house is an asset - or an intangible bank account balance. It can also be viewed as money - or a store of money/currency.

It is also considered as money and has value at any given time.

Buy why argue over minutia? The one thing I can tell you today is that gold is going up - so if you have some, enjoy the day - and if you've made a bit, maybe even leverage it and bank the win.

as·set
ˈaset/
noun
noun: asset; plural noun: assets
1. a useful or valuable thing, person, or quality.

2. property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.

 

Why the bold print ? Are you yelling at us ?

 

It's 2 words in small case. That's the dictionary yelling at you I suppose?

 

Not "us" or "you'ns" or "y'all", just one moron. But he wanted a chart, so ... here goes:



Inflation adjusted and logarithmic scale, too! (makes it look less bad)

WAAAAY more time losing value than gaining it. Just like I said - slow gradual declines and rapid ascents. I can't help you if you can't read. Or is 36 years too short a horizon for you?

Q.E. frickin' D.

All that squiggly stuff? Down at the middle bottom? That's when I was buying silver, not now.

 

I'm more of the mind that "assets put money in your pocket" (income) whereas holding "gold money" has a cost associated with it, pays no interest and is therefore, a liability. Storing, protecting, etc...

 

This is what I asked from you: "if you're inferring the price in fiat dollars "generally decline" over the long term (say from the Nixon Shock to present), I'd certainly like to see a chart of that. - Dan

I bolded it this time to help you see clearly FWIW. (lol)

 

Check out the purchasing power chart of the U.S. Dollar since the FEDs manipulation. Just saying it doesn't look any better.

 

Here's an even better one IMHO.

 

Depends upon your accounting definition of an "asset" or "money", which by certain definitions any form of money is an asset (versus a liability).

If you don't use accounting methods to define your "stuff" then it isn't.

Edit: just saw your definition. So it isn't considered an asset in your "books".

 

Absolutely agree with that and probably other POVs equally qualify. I was merely sharing my idea on what qualifies in my mind and why.

 

Just keep in mind your estate will be inventoried and assets/liabilities will be distributed differently than your thought process. But by then, who cares.

 

Ha! Yep, I'll have bigger problems or not! (lol)

 

Looks like Silver and Gold are crashing back down today.
Silver down 0.35 right now
and Gold down 5.30

 

That's great! Can we unbatten the hatches now?

 

I haven't looked yet, but I bet when I go to realclearpolitics.com, there's a different trend today from Tuesday's.

 

My hatches are battened down until after January unless I see a different forecast. I'm a contrarian, and always watch for falter in the status quo.

I'm stocked with gold, silver, tinfoil hat, ammo, underground bunker and lots of toilet paper and MRE's.

As Santini always reminds us, one day does not a market make.

 

I think I'll sell my stockpile of toilet paper now.

 

I'll stick to my coin roll hunting finds for my silver needs. Was tempted to get a few tubes of silver rounds.