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Coming inflation

Back to mining gold in all locations.


I’ll give out a tip that a old timer I know makes money. Every thurs Friday and sometimes sat he goes to garage sales. He goes to dig in the jewelry boxes. He looks for the karat stamp and buys gold for pennies on the dollar. He doesn’t let the sellers know why he’s buying it usually says he’s looking for a gift for a daughter or some shit like that. He usually makes 100 on a bad day and 1500 on a really good day.
 
Yes gold was confiscated and illegal from 1933 to about 1974 or there abouts but what kind of gold ?

Not just every kind of gold but gold produced by the US Mint IE US gold.

Is there a legal basis for confiscating gold bars or foreign gold coins aka 1 oz SA Krugerrands or Canadian maple leaf coins ?

Google "HJR192"


grumpy356 said:
I always love gold advice.

Lets see , it's a metal that has been made illegal to own in the past (so there is precedence to make it illegal again) and has only become legal to own since 1975 and invest in that as your savior for the defunded dollar.

Let's ignore that you have to convert it to cash to truly buy anything on a small scale. If you have an ounce of gold and I have a loaf of bread, we really can't do reasonable business. I'm not taking your gold shavings for my bread, even if you could prove to me it is not gold colored Pb. and lets forget you are tying the value to a currency, and when you do, there is market manipulation. And lets ignore the fact, like any other currency it is only worth something because you believe it. You have a $2,000 coin that you can't buy anything with .

(Yeah, I know sometimes you can find a seller that'll take it in trade for the tractor you want, but that is the exception that makes the rule)
.

Sure, have some in your portfolio, but it's more like a stock, that you actually hold, which is cool, until somebody finds out you have it, then you gotta spend all your energy defending it, and protecting it from fire, or in an effort to keep it safe you put it some place so safe, even you can't find it.
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evernoob said:
Most people can't afford 'productive land'. You do the bottom end of mining, no offense I love your thread and I respect what you do, I'm just pointing out that even you are barely in the game. Carlin was right: the Owners already own all the best land.

And if shit goes economically south, a farm is not going to be fun. Farmers are wealthy and that wealth relies on farm subsidies and set-asides, so that we don't have a new Great Depression. If those subsidies run out, now you do have a farm, but you are stuck nearly subsistence farming and being at LIttle House on the Prairie levels of wealth. And farm values rely on America's second-to-none distribution system of barges and ships on the rivers and Great Lakes. So if shit goes really south, now you are stuck with big piles of wheat in a region where everyone has big piles of wheat. The stuff isn't worth anything to anyone if you can't move it, usually over water and just stretches of rail.

It's like Gold and Silver. Yes, it's a market, and people should diversify, but people above are saying like "there's an ancient relationship that goes back thousands of years, proving silver is undervalued". That's a perfect description of the Gambler's Fallacy: just because something was before, doesn't mean it will be again.

Gold and silver have good industrial uses, silver more than gold actually, but the entire idea that they are some objective measure of value is false. As an industrial commodity, neither gold nor silver supports their price.
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I know I'm bringing up an old thread here, but "productive land" can be even small scale. I'm a mechanic, and also have been known to take apart cars and sell their parts. While my primary residence isn't conducive to parting out cars, I have a 2 car garage, no hoa, somewhat adequate parking, and I'm 3 minutes from the freeway.
I have another property that would appear to be unproductive, but storage space has value.
Maybe a guy boards horses to offset his mortgage on his mini ranch.
Maybe a guy buys a fancy spread, but rents out the guest house, until he gets old, then moves y2k the guest house and rents the main house
Maybe a guy buys a beautiful, but really odd property with a nice house built atop a 9 bay shop and performs world class car audio work.
I know a girl who's house shopping for specific criteria to have an in home hair salon, her mortgage will be more than her current rent, but less than her apartment+current salon rent.

How much of a mortgage I'm willing to sign up for depends on how much $ I can earn from that home in rough times
 
The main problems with investing in real estate as a long term strategy are:

1.) Property taxes
2.) Zoning

With property taxes you are in effect renting your property from government and the rent can be changed at any time.

Zoning dictates how property can be utilized and has a HUGE impact on market value. As with property tax government can change the game at any time.

If not for the above I would have gone all in on land.

At the moment, its looking like guns and ammunition are sound investments.
 
1) inflation already happened. Look at real estate values and the cost of bulk hamburger.
2) the 401 exemption is only a trick to make you more dependant and scared when the Social Security argument come up. However, if you dump your 401 into debt or or a Roth, it might be worth it.
3) Im up 40% in equity positions this year alone. lll be converting to converting to commodity positions and cash shortly.
4) Real property interest is sub 2%. They're acknowledging that inflation is up by trying to make up for it by minimizing additional costs.
 
Projectjunkie said:
I'll add a little more before crashing out

I'm 2009 I took the position that savers are suckers.

I want to semi retire on a little hobby farm with a shop, wear overalls to farm auctions and buy shit to tinker with and meet my friends for breakfast.

I can work my ass off and save, and hope that my savings, stocks, outrun inflation. Now the guys who made money in the stock market in the 10 year bull run won't listen, but stocks some times go down, and sometimes take decades to recover, 1929 to 1954 I think, so, sometimes stocks go down, and stay down
Then, at or near retirement, I pay taxes and use my savings and investments to buy the things i want at inflated prices.

But before that happens, there's hardships and job losses, savings gets tapped. I get old, tired, and broken down.

Fuck that.

When my industry came roaring back in spring 2009 I bought every piece of equipment I could get my hands on, used, at fire sale prices, tractor, forklift, gooseneck trailer I didn't have a truck for yet, tire machine, balancer, welders beyond my capabilities, 2 post lift, etc etc

If I ever wound up without work, I'd make my own job instead of watching my savings deplete. I don't break my back, I use my forklift, tractor, winch, crane to do the work for me. Already bought a piece of dirt. I need to buy another piece of dirt for summer months.

When I retire, I don't have to buy quality equipment at 2050 prices, I started accumulating it in 2009.

Inflation is theft, you'll get your social security as promised, but it'll buy you a can of cat food and a candle to eat it by. Your future has already been stolen from you.
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I've about got all the equipment bought that I think I'll ever need. Only thing really left on my list that I need to buy is an excavator... Maybe a bigger lathe, Surface grinder, and a rotary screw compressor for the shop... but those are more of wants than needs. :flipoff2: After that stuff I'll either find more crap I can't live without or just try and buy more land.
 
billybob_81067 said:
I've about got all the equipment bought that I think I'll ever need. Only thing really left on my list that I need to buy is an excavator... Maybe a bigger lathe, Surface grinder, and a rotary screw compressor for the shop... but those are more of wants than needs. :flipoff2: After that stuff I'll either find more crap I can't live without or just try and buy more land.
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At this point I think that bulk diesel fuel and canned food high in protein are the best bang for the buck.
that's not a good thing
 
Projectjunkie said:
At this point I think that bulk diesel fuel and canned food high in protein are the best bang for the buck.
that's not a good thing
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I just topped off every piece of equipment I own with diesel and got my bulk tanks filled last week. It was a mad rush there for a few days of me trying like hell to get rid of all the diesel I could out of a 2000 and a 1000 gallon tank so I could move them and pour concrete under them. Of course it was cold as fuck which made concrete work fun, but I got it done, got the tanks set on the new pad, and got them all filled up now. :smokin: Between the shop, my folks house, and our farm by the river I have ~ 4500 gallons of red diesel, 500 gallons of clear diesel, and 1300 gallons of gasoline as of right now. I kinda want to set a couple more tanks at my house sometime too.
 
RunningProblem said:
Can’t change the history book if you have a copy. Plenty of people believe history being rewritten to exclude things is better.
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Yup. Technical books for any equipment you have will be handy as well. Survival books are a wealth of useful information. If/when the grid goes down and the internet no worky, you might want to have a few decent books on hand for reference.
 
Better question...when is Ca housing market going to crash again? Friend was saying 2026. Can't remember his reasons for it, but yeah..
 
BIG-O said:
Better question...when is Ca housing market going to crash again? Friend was saying 2026. Can't remember his reasons for it, but yeah..
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It's at least starting to slow down. Maybe just fall and winter slowdown, and maybe not everywhere, but I'll take it!
 
Housing won't crash though, anything you own won't be worth less than 90% of right now in 2 years time, even if you beat it to shit
 
montrose818 said:
what does that mean?

talk to me
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somehow interest rates went down again
maybe they've always been 2% and I've been asleep?

jackboots make fake money for banks to give as loans, so that interest rates go down so that more people take on debt
I just don't understand why it is currently happening, the new car market is already stupendously broken ATM and they're breaking it further

Maybe there isn't actually any great conspiracy where both political parties are reading the scripts from the same unseen puppet masters. Maybe they are actually two separate entities that are currently trying to kick the sand castle over just in time for the other side to be voted in. It just doesn't make sense why they'd be propping up the economy so precariously any other way.
Maybe jenga would be a better simile.
 
[486] said:
somehow interest rates went down again
maybe they've always been 2% and I've been asleep?

jackboots make fake money for banks to give as loans, so that interest rates go down so that more people take on debt
I just don't understand why it is currently happening, the new car market is already stupendously broken ATM and they're breaking it further

Maybe there isn't actually any great conspiracy where both political parties are reading the scripts from the same unseen puppet masters. Maybe they are actually two separate entities that are currently trying to kick the sand castle over just in time for the other side to be voted in. It just doesn't make sense why they'd be propping up the economy so precariously any other way.
Maybe jenga would be a better simile.
Click to expand...
Yeah interest managed to drop again.

Money printer go brrrrrr....
 
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