Americans Will LOSE 90% Of Their Wealth, Buy These 2 Assets NOW

Discussion in 'Bullion Investing' started by fretboard, Nov 19, 2021.

  1. fretboard

    fretboard Defender of Old Coinage!

    Time to buy commodities and real estate, that's what Lyn Alden says! Yes, silver and gold are always good to own but to buy at today's prices? Not this time around, not for me anyway. :D Gold just dropped $10 an ounce from yesterday! Gotta be pretty sure you're gonna be able to flip at a profit and I just don't see it. Online prices are crazy high!! :( What about you, have you bought lately??

    Eric the Red and MIGuy like this.
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  3. FryDaddyJr

    FryDaddyJr Junior Member

    real estate is bubble too. you can worry yourself over anything
    JPD3, KeyHunter, MIGuy and 6 others like this.
  4. BasSWarwick

    BasSWarwick Well-Known Member

    Any other tangible assets worth considering?
  5. -jeffB

    -jeffB Greshams LEO Supporter

    Something truly timeless, like Beanie Babies?
    CygnusCC, Two Dogs, Packrat and 10 others like this.
  6. -jeffB

    -jeffB Greshams LEO Supporter

    Yep, just closed on some nearby warehouse space, now all I have to do is fill it with pallets of toilet paper and We. Are. SET.
  7. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    I wish Realtors would learn that non-Realtors do not answer Text messages, asking if I would like to sell @ what is now over twice the 10-15 years ago when purchased. You will have to talk to me !!! sorry, it bugs the H out of me. Jim
    JPD3, UncleScroge and midas1 like this.
  8. BasSWarwick

    BasSWarwick Well-Known Member

    Good thinking, and possibly some tinned foods (fish, etc)

    Warehouse rentals around me are at a ridiculous price, so looking at shipping containers as an option

    Interesting to brainstorm ideas on potential investments in the unusual times we have ahead
  9. COOPER12

    COOPER12 Well-Known Member

    Real Estate is super high now. Wait for the bubble to break.
  10. -jeffB

    -jeffB Greshams LEO Supporter

    Yeah, we'd absolutely sell our house into this insane market -- if we didn't need a place for our stuff. And ourselves.
    JPD3, Heavymetal, gronnh20 and 6 others like this.
  11. BasSWarwick

    BasSWarwick Well-Known Member

    Yes that is the position we are in.
    Currently trying to find farm land with house, but limited listings.
    MIGuy likes this.
  12. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    My middle son does real estate for a living here in Las Vegas and it’s booming
    low inventories mean it’s a sellers market
    many properties go for up to $50k over
    asking, and there’s no end in sight when
    your making 30k plus on average you
    don’t ask why, he just sold a home last
    week in the million dollar range and his
    commission will be 52k !!

    As far as what I am buying, bought another house just waiting for escrow
    to close, and always buying gold as
    part of the foam from BTC, also buying
    some tech stocks and increasing by
    holdings in Tesla, Hertz has already
    ordered thousands of vehicles and
    many other rental car companies are
    far behind, so I think a really good
    choice, my son just ordered the y model
    dual motor with x wing doors, it will
    be ready for pic up in March ! $111K
    has the self driving mode.
    Last edited: Nov 20, 2021
    UncleScroge and BasSWarwick like this.
  13. scottishmoney

    scottishmoney Unwell Unknown Unmembered Supporter

    You can hoard gold, food, bungwipe etc and buy property etc. But remember all is worth naught at the point of a gun.
    KevinM, JPD3, Heavymetal and 2 others like this.
  14. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Just have a big safe to put it all in :)
  15. BasSWarwick

    BasSWarwick Well-Known Member

    Store some extra groceries for barter.
    Food is the main priority when systems break down
    UncleScroge likes this.
  16. -jeffB

    -jeffB Greshams LEO Supporter

    Went to the State Fairgrounds this morning for the big (OK, medium-sized) coin show. This same weekend, the Fairgrounds also hosts a gems and jewelry show, and a Franchises show, and a gun and knife show. No paper-products show as far as I know.
  17. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I read an interesting piece a few weeks back. The gist of the thing was a fellow in his thirties was seeking financial advice. The take away from the piece was that all the financial advisors he sought out were “old people” that didn’t see things as he saw them….. I believe the young folks these days will mold what the future investment world looks like in way that is old guys cannot even imagine.
    UncleScroge likes this.
  18. ldhair

    ldhair Clean Supporter

    I'm sick of all the calls and text. They even got my wife's number. There are people out there teaching others how to search county records for those with several houses. Once they find you they sell your information and the harassment begins.
    AdamL and UncleScroge like this.
  19. Alegandron

    Alegandron "ΤΩΙ ΚΡΑΤΙΣΤΩΙ..." ΜΕΓΑΣ ΑΛΕΞΑΝΔΡΟΣ, June 323 BCE Supporter

    In the 60's, Mad Magazine had a great panel on collecting Belly-Button Lint.

    People have been collecting it for years.

    I think it is now time to get it onto the Commodities Market, including Futures Trading.

    Excellent source of bedding, batting, insulation, etc. Continuous supply.

    Check your dogs and cats. Perhaps there is another source to expand your hoard!

    Subscribe and get yours NOW!

    Last edited: Nov 21, 2021
    UncleScroge and kountryken like this.
  20. chascat

    chascat Well-Known Member

    I'm all in with Little Debbies.
    kountryken likes this.
  21. Jerry Lewis

    Jerry Lewis New Member

    Ammo, small denomination silver and non-perishable food.
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