how do you explain this? https://www.macrotrends.net/2608/gold-price-vs-stock-market-100-year-chart
[–] 23611537? ago (edited ago)
28 yo finally saved a good amount (60k and rising)
Eventually I will move out, what are my best bets for securing property, large property w small house. Makes me nervous seeing all my hard work sitting in bank as digital 1s and 0s.
What would you do at my age w that amount/no rent no loans no debt no payments. Just car insurance cell phone bill gas and food. Small 401 building for past 3 years, don’t know much about them but I’m forced co contribute a bit and they match 50 cent per dollar so it’s free money apparently.
if it were me, i'd buy some land in the "country" that's still less than 30 minutes from your job and then spend that 60k putting a trailer + utils + city water there and then live rent-free with tiny property tax. that'd give you the biggest gains. if you put 60k into the stock market and then spend 1200/mo on rent for 10 years you'd make negative money.
[–] 23610250? 0 points 2 points 2 points (+2|-0) ago
Financial faggot here: Gold, Silver. ZERO stocks or currency. Same as in a war.
[–] 23610481? [S] ago
have you always advocated buying gold or are you advocating it due to specific circumstances?
[–] 23610776? ago (edited ago)
Rarely recommend. Gold has not gone way up or down in decades. Bounces from 1200 to 1600 . Own a few Silver Medallions which are keepsakes. But what 'Great Awakening' level event would pretty much reset world Fiat Currencies. So precious metals are only thing I can think of. Can't give any more info unless Fed Reserve etc. are spelled out in any specific Q drops, but none I can figure out.