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Batten down the hatches... The waters are about to get rough
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<p>[QUOTE="Clawcoins, post: 2557970, member: 77814"]define "asset" and define "gain". Are you basing a gain strictly in monetary gains ? You can also gain monetary assets buy owning a house and taking a equity loan from it. Or in your retirement years, a reverse mortgage / aka end of life RE sell-out.</p><p><br /></p><p>If you buy a house you gain a roof over your head and living space. Definitely you gain something versus standing outside with a broken down umbrella for years at a time. </p><p><br /></p><p>Buy a car, the ability to get to/from work quicker than walking/cycling/ bus .. generally speaking and if anything the freedom to speedily transport yourself various places although at a cost per mile.</p><p><br /></p><p>Buy PMs. you get something pretty and shiny to look at.</p><p>PMs from a low valuation trend analysis has consistently increased over time, but over a LONG time and not by much compared to other investments. But compared to a current savings account gaining 0.10% PMs might seem like the way to go !![/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 2557970, member: 77814"]define "asset" and define "gain". Are you basing a gain strictly in monetary gains ? You can also gain monetary assets buy owning a house and taking a equity loan from it. Or in your retirement years, a reverse mortgage / aka end of life RE sell-out. If you buy a house you gain a roof over your head and living space. Definitely you gain something versus standing outside with a broken down umbrella for years at a time. Buy a car, the ability to get to/from work quicker than walking/cycling/ bus .. generally speaking and if anything the freedom to speedily transport yourself various places although at a cost per mile. Buy PMs. you get something pretty and shiny to look at. PMs from a low valuation trend analysis has consistently increased over time, but over a LONG time and not by much compared to other investments. But compared to a current savings account gaining 0.10% PMs might seem like the way to go !![/QUOTE]
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