What 3,000$ could have bought you in 1967
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member when money actually had buying power?
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17 comments:
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1 month ago
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Mirrored from scored.co
2
1 month ago
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Yup, and when you didn’t have to pay the KINT at every fucking turn.
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Mirrored from scored.co
I went to go exchange silver for cash. I needed the cash but I don't need silver.
The guy at the pawn shop advised me to hold on to the silver for now. He can't give me more than 50% of the market value, and the best guys in the entire region can't do better than 75%. He said that things were backed up and actually moving the silver is hard right now.
Once the market settles down, he'll be able to move the silver and he'll be able to give me a good price for it.
My point is this: dollars were never worth anything. It is all a fantasy. Never hold on to cash for any reason. Always buy something that has intrinsic value or better yet, will create future value.
The guy at the pawn shop advised me to hold on to the silver for now. He can't give me more than 50% of the market value, and the best guys in the entire region can't do better than 75%. He said that things were backed up and actually moving the silver is hard right now.
Once the market settles down, he'll be able to move the silver and he'll be able to give me a good price for it.
My point is this: dollars were never worth anything. It is all a fantasy. Never hold on to cash for any reason. Always buy something that has intrinsic value or better yet, will create future value.
Had the same experience from my local precious metals dealer. I am decent buddies with the owner, so got to talking.
It's a hedge. Basically, its too early to tell if the recent increase is 'real' or will be corrected later, and if it will be corrected, if you are slow to unload, you can lose your shirt. He's an old guy, and doesn't care enough to sit and watch the charts all day, so they only make 'safe' plays.
It's a hedge. Basically, its too early to tell if the recent increase is 'real' or will be corrected later, and if it will be corrected, if you are slow to unload, you can lose your shirt. He's an old guy, and doesn't care enough to sit and watch the charts all day, so they only make 'safe' plays.
So you're telling me to go out and buy pokemon cards? I didn't want to, but you've convinced me.
Honestly, pokemon cards might be a better gamble than cash right now.
My best advice is to get some land, then get animals that make baby animals. You can eat them, and they'll double in value every year all but guaranteed.
My best advice is to get some land, then get animals that make baby animals. You can eat them, and they'll double in value every year all but guaranteed.
That's fucking crazy. That guy is blowing smoke up your ass, unless he literally cannot buy your silver unless it's that good of a deal because he is completely flat dead broke in terms of actual dollars.
I would hold onto it anyways. Never sell for less than spot.
I would hold onto it anyways. Never sell for less than spot.
He told me the best he could reasonably do was 50%, and that it wasn't worth it for me, so just hold on to it for a while. I like the guy, he's a regular customer of my own, so I even offered to take the silver to the city where there are guys who will certify it so that he can make a small profit on it, but he told me to wait.
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