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sstrrs

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    Spain

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    Europe
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    Stacker

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  1. Once upon a time, a central bank decided to strike it rich by buying commercial property and leasing it to itself. The central bank then decided not to pay itself the rent until itself paid itself a loan of x10 the rent. The central bank agreed, then felt flush enough to actually pay itself rent. Later, the central bank decided to raise the rent to take advantage of market conditions. The central bank couldn't pay, so the central bank told itself that it will pay the rent for itself. And so it went on. What a wonderful story of economic growth and prosperity! Doesn't have to make any sense.
  2. About a decade ago I had a discussion with some friends whether by now we'd be in a disastrous painful Weimar Republic hyperinflation situation where people are lining up for free govt-brand bread and soup, or whether we'd transition into a Japanese-style never ending stagnation situation, or stagflation-light. More importantly, we discussed whether we'd prefer, as "little guys", one or the other. We never got to a firm decision on whether we try to weather the storm for a decade of biting poverty, or we suffer aches and pains for the rest of our lives but go on more or less as normal and just see where it goes. I still don't know I have a firm answer. Most of these pundits like Maloney are in favor of something quick (i.e. 5-10 years of massive depression to get it over with) vs something prolonged and unending like we've been in for the last ten years and are turning up the notch on now. Most of us don't have a walled-compound to live in alongside fellow millionaires, nor do we have a 50kg of gold in a Swiss vault. I'm not sure these people could imagine what it would be like to have a x2, x5 or x10 Great Depression because they can't ever imagine not being shielded from it.
  3. The late 1800s ones are .900, but they were still minting .900 gold at that time all the way until the country fell apart in the late 60s.
  4. Whether Office 365 or Google Drive… having your spreadsheet online means… no syncing issues, having the ledger available on any device at any time… and probably better security than an easy to lose and an easy to break PC. If anyone would be willing to save a copy of their spreadsheet (with all data wiped obviously), I'd consider spending some time to building a ledger template with best practices. I think mine is OK, but it might be a bit rough.
  5. sstrrs

    Gold confiscated

    If gold is ever confiscated anywhere it will be out of vaults rather than door to door. But there are too many other assets that easier to confiscate... such as 10% of real estate, for example.
  6. I got my very first roll of 25 Australian 2020 Kangaroos last month. Never held one before and they're now my instant favourites. I'm now a fan of striations and patterned etchings over shiny!
  7. I've join recently to make lurking sightly easier! I've genuinely never had much to say or time to say it, but maybe that will change with a registered account. I bought my first precious metals in 2013, first allocated in a vault and later small amounts in hand. Both have been useful to access and store money as I moved between countries. Now I'm somewhat settled where I am now, it's been fun to get ahold of more in-hand bullion. For some reason I've had a bit of an urge to discuss precious metals with others but haven't found that many people interested. This is what the internet was made for I guess.
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