Debt to cause "Dramatic re-pricing"...Gold to $3000-3500 soon?
(www.kitco.com)
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But... you could trade some of it for fiat currency to then pay off your fixed rate debt obligations if you have any, such as a mortgage or a car loan (assuming you did fixed rate).
That might be correct, but I have worked very hard to be debt-free. I own my house, two cars, and only keep a small credit card debt and pay it off monthly, more for the air miles I get than for any other reason. I am virtually debt-free, and could pay off my credit card with a simple check.
I stack silver as a hedge against currency failure, nothing else.
"...I have worked very hard to be debt-free. I own my house, two cars, and only keep a small credit card debt and pay it off monthly,.... I am virtually debt-free, and could pay off my credit card with a simple check.
I stack silver as a hedge against currency failure, nothing else."
That's about where my wife and I stand. I can't afford to buy any more gold at its current prices, but I've been stacking silver as fast as our finances (bidenflation) will alow.
Not all of us are as lucky to be debt free. I would 100% trade an ounce of gold for $650,000 and elimate all my debt so that i own all my shit.
Same situation here. If you can't afford it, you don't buy it. Wished others would get that...now there's sub-prime auto loans defaults left and right. Never saw so many repo men in all my life. "Them spinnin rims be mine tho!" 🙄
Growing up in rural, mountainous east Tennessee as the child of parents who went through the Depression and WWII, I learned the value of money and the silliness of vanity purchases and fads. There is not much in the way of luxuries in my life, with the possible exception of English Blue Stilton Cheese and Sumatra coffee. I wear the same clothes year after year as long as they are serviceable...and by that I mean buttons can be re-sewn on, shoelaces replaced, and so on.
A wealthy man is not the man who has everything he wants, it's the man who wants everything he has.
Hebrews 13:5 King James Bible Let your conversation be without covetousness; and be content with such things as ye have: for he hath said, I will never leave thee, nor forsake thee.
I'm really glad for you. Well done. Many of us aspire to achieve what you described for yourself, myself included.