With the way that gold is moving up, could it be that some arch-nemesis is acting in such a way as to send gold prices soaring? Not necessarily a Goldfinger, but the principle could be the same---which is to cause chaos in the financial markets. Whatever moves there are, it will likely result in a bust at some point. Then what?
10/7/25:
There's too much money floating around, and folks are starting to buy into gold a bit more than what is justified. There's no way gold is worth as much as it is priced right now.
The same is true for a lot of assets. Generally, inflation is in assets, or so it seems to me. The cost of just basic necessities aren't all that bad.
The inflation numbers had the biggest increases in housing. This is related to assets mentioned above. Ironically, high interest rates will cause the cost of living to rise, if you factor in the mortgage rates. Those who rent are paying those costs in their leases.
Auto prices are sky high though. The last new vehicle I purchased was back in 1994. I used to buy a new one every year or two. Obviously, I don't do that anymore. The years since then, I could've bought new ones, but sure as heck not these days. Luxury vehicles back then are what people pay now for basic transportation.
If you think about it, an auto is now an asset like houses. It's pretty crazy.
I went into that off-grid project because I could see the writing on the wall. Or I thought I could see it. Anyway, the most solid investment now is land. You can't eat gold, but you build your own shelter and live off the land.
If things get bad enough, you can also buy a horse. Let's go Amish!
No comments:
Post a Comment