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scaredyclassic
Participant[quote=gzz]Having all of your liquid net worth in paper and electrons during a plague and depression is scary. And despite the stock and RE markets doing fine, 12% unemployment and 35% YoY GDP decline is a deep depression.
A paper dollar from 1921 is worth maybe $2 if you can find someone who collects them, but more realistically just $1.
A silver dollar from 1921 is worth $20 in poor condition, $30 if in perfect shape.
I don’t believe the conspiracy theory that SLV/GLD is a scam without actual silver/GLD backing it. But after Enron, Wirecard, Worldcom, AIG, etc., there certainly is some risk the metal isn’t there.[/quote]
Im a contrarian dope, but not very far off the plantation. I dont believe in the system, but i believe in electrons. And sec filings, and various trusts and pledges and so forth. Inconsistent gadfly
scaredyclassic
ParticipantThe psychology of numvers intrigues me. Why are we drawn to 2000? Why is it a destination. Why not 2026? It feels like numerology or phrenology. Dow 30000. Etc. The number has no intrinsic meaning
scaredyclassic
ParticipantIm scared to buy slv, but not gld.
Inflation adjusted gold high is 2600
scaredyclassic
Participant[quote=Coronita]gold, silver, platinum prices up again.
1864, 22.79,905[/quote]
Quick run up. Does it mean anything.
scaredyclassic
Participantit seems silly to trade actual coins. if you have soem, just hold them. give them to heirs.
scaredyclassic
Participantit’s always been a scammy little country. baldfaced liars! in the U.N., in the markets, face to face, we are liars! we love it! this is who we are, a bunch of fakeass money grubbing bastards!
get with the program, it’s the only game in town.
sheesh, the details of the bay of pigs book im reading have got me more disillusioned with the usa than usual…
scaredyclassic
Participanti dont know about actual metal. just paper metal.
scaredyclassic
Participant[quote=The-Shoveler]I was listening to a pod cast about silver, This guy was saying Silver was likely to reach 25 or so, but if stocks crash then Silver and Gold were likely to follow (Silver down to maybe 15-17 range) but then it could go to 50 or so after it builds a base after the crash.
Me I always think the issue with Silver is that it is a “must” have industrial commodity so at some point the gov steps in to limit the price.
Anyway just my opinion which is not worth much LOL.[/quote]
how does the us govt limit the price of an internationally mined and traded commodity?
scaredyclassic
Participantsilver will be 40 dollars or 10, i have no idea.
the world is disorderly.
holy jesus, I’ve been the same mental patient for a decade.
https://www.piggington.com/gld_etf_full_of_fake_gold
piggington jumped the shark many years ago. basically this is an anxiety journal for me.
I know there are weirder threads with me drunkenly going off on the merits of gold and defending its honor against all forms of american triumphalists. it’s been a long strange ride. I fear I do not ave the guts to ride this one to the top.
scaredyclassic
Participant[quote=The-Shoveler]Why I put a trailing stop, IMO it falls a dollar I am out (my last few shares anyway).[/quote]
I would not be shocked if it were 1600 or 2400 in 30 days.
But id be surprised if it didnt pass 2k getting to either one.
scaredyclassic
ParticipantHow longs the house been there?
scaredyclassic
ParticipantGetting a little nervous about the speed and ferocity of gold and silvers movement.
If youve bern burnt before, you live timidly. How do 2nd marriages ever occur
July 26, 2020 at 10:41 PM in reply to: Any clever workarounds to get new mortgage pricing on a cashout refi #818981scaredyclassic
Participant[quote=HLS]Those are the guidelines.
There are many others that make zero sense as well.
Underwriters are told to follow directions, not to think for themselves.If you pay off the house then want cash out, it’s a cash out refi.
You cannot buy the house from yourself.
Freddie & Fannie make the rules which have nothing to do with common sense. Pricing hit for cash outYour lower loan amount is what’s hurting you if you’re looking for a no cost loan.
Doesn’t matter if you have 80% equity.
There are costs involved with every loan, $500,000 loan fees aren’t that much higher than 160,000 loan.
Lender pays a % of the loan amount to cover the costs.
1% of 500k = $5000
1% of 160k = $1600Some lenders have penalties for loans under $200K
I am working on one for a client now.
It was cheaper to get a $200,000 cash out loan than $160,000 without cash out. They will probably pay the extra $40,000 back towards principal quickly.
Although the payment won’t change, interest is only charged on the actual loan balance. More will go towards principal.What are you trying to accomplish ?
Is a rate around 3.21 with $1000 cost or below 3% with a higher cost any interest ?
It’s either low/no cost up front with a higher payment OR pay up front and have a lower payment for the life of the loan.Some people think paying up front is wasting money but
staying in a higher rate is wasting money too.[/quote]I guess my problem is im not sure what im trying to accomplish.
6 months ago, i was sick of the mortgage, sick of paying, just wanted no mortgage. I wanted to quit working and just vegetate, meditate and be done with all the bullshit.
Now the cheapest 15 year is starting to look almost free. I feel a little less disgusted by it all and feel like i can keep working and want more money again. I want to deal with all the bullshit!
I think what i want is a 165,000 15 year mortgage at 1.625 percent. For this i would pay $3900-4500.
Or 500k for $9200, if i could convince my wife thats not crazy. Which i dont think i could do. So realistically 160 to 200k
. I hope to get this before the election. I accept that it may never happen [the mortgage and the election].
I would like to keep some mortgage now well into my 70s, if it can be below 2 perc. And put the $ i intended to pay the mortgage off with into a diversified little portfolio with a 15 y investment horizon . I did not think id ever see a rate low enouggt to tempt me to do this. 1.625 would do it.
I also wasnt sure sure if id live to see 2k an oz gold for much of the last decade.
The latter will likely happen this week, (hell, it may open on monday close to 2k. Rocketing up in overnight trading. Holy crap, 1,941 right now. I bought as much as i could stomach on fri. But not enough)…
The former, im less confident but i feel its coming and that its related to the steep rise in gold and tht crazy shit will be done to prop of a failing system as election day approaches…including historic low rates
I might also run out of energy again and prob. Should keep the debt low just in case i wake up one day and cannot summon the energy to get out of bed. 20 years ago i felt like i could never run out of energy. Now me and the market could crash 80 perc from current levels tomorrow, and stay there for years. Maybe never recover. Man, life wears me down. What i would like tto accomplish is something i think will be unattainable for me.. to never worry about money. That is just not in the cards for a person like me in this society. Or not at least until death is very close. Which makes sense as the term mortgage translates from ancient french, death pledge.
Morticians, mortgages, mortality….
scaredyclassic
ParticipantI have many such slopes. Gardening on that hillside will get you in shape.
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