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.

 

Fair enough sir. I used to have my electrical license, so am aware all of the trades can provide a good living. Some careers need some college, I think getting my CPA would have been tough without it, but most majors are not really needed.

I always thought college graduates had to be smarter than average, when that was untrue I thought those with Masters must, and when that not true I assume it was those with doctorates. Well, I can attest no level of a degree guarantees anyone is any smarter than average, just trained in something.

 

I think you might be just a little wrong Medoraman, account having those skills master's degree, college grads, doctorates do help tremendously, your pronunciation, spelling, grammar all comes into play when interviewing for a job. If You have no education like me, you got to learn how to spell and interview well. When people are conversing you sometimes can tell how educated they might be by conversation and usage of their vocabulary. Educated people may carry their self-better and feel confident going up against a non-educated person or they should having all that College knowledge.

 

I've talked to a lot of people with a lot of education levels. There's some correlation with speech and writing styles, but lots and lots of exceptions.

Some people with very simple speech or writing styles have very deep knowledge and understanding. Some people with very elaborate patterns... don't.

And spelling in particular is a big old red herring. English spelling is a clown show. The part of the brain that can or can't cope with it seems to have very little to do with general intelligence (whatever THAT is).

 

What state do you live in? You can't even sit for the CPA exam without a degree in Florida (or so many accounting/hours courses). About 20 years ago they stepped up requirements so you had to have the equivalent of a Masters degree to sit for the exam. When they did that they eliminated the 1 year work requirement of working under another CPA. None of that made sense to me, you are a babe in the woods until you actually work in the real world a while.

 

I misspell words frequently. But I'm better with writing than orally saying what the correct spelling should be. I couldn't win a spelling bee against 1st graders, because that is required. My brain doesn't work like that.

 

I was always a good speller, but not contest-level, and never got the hang of spelling verbally. I have to see the word in front of me, but when I do, it's almost like my eyes do the squiggly-line thing under misspellings.

 

I'd never make a good salesman either. I'm not good with names......unless I've actually written them down on paper or typed it at least once. I will literally forget someone's name seconds later after being introduced .

 

I know some of the tricks for learning and remembering names, but I have a really hard time applying them. Couple that with my really poor ability to recognize and remember faces, and I pretty much just don't bother trying. (Maybe the brain circuits most people use for faces got annexed in my brain for spelling.)

 

They may have step requirements 20 years ago but during the cough cough (covid) they couldn't find enough teachers to go work so here in Missouri they lowered the requirements so people like me with no education could coach the high school basketball teams so my son and I took them up on it same place we both attended.