Lets look at gold silver and housing from a different aspect.
Lets say your house is paid off. You have an asset that is a hedge against inflation. You basically don’t need gold or silver in this case.
If you have $100,000 in cash in the bank, $10,000 in gold and silver would be an insurance investment against inflation.
There is a mindset here, you don’t buy a house as an investment. It doesn’t produce anything and if you think it through, it will never be an investment. The gold and silver you buy will also not be an investment, they are there to protect you from the government printing presses. Inflation is a tax. Its a very cruel tax on savers (in my opinion)
ETF’s or Exchange Traded Futures contracts, is not an area I would dabble in to build financial wealth. Its a zero sum game, one person looses and another gains.
You have to look at gold silver and housing as a store of value. You’re not trying to get rich, you just want to be able to retire with only taxes to pay (no house payment)and some money in the bank.
The comment I made about the 500 words wasn’t really for my benefit, you can talk for ever, It doesn’t really matter, what I was trying to point out, is that people tend to skim when articles get long, and a lot of what you type is not really read. A constructive post of under 500 words that is well organized and too the point will be received quit well. We are all on the same wavelength, otherwise we wouldn’t be reading this web page.
