Inflation? And then what?

[Delfuego]

The Real Estate one is interesting. I read SOTI (Somewhere On The Internet) that one of the things driving real estate prices up is the fact that there are lots of investors out there looking to invest their client's money, and since government bonds and other "safe" investments are generating zero or near-zero income, the only things that investors can make money on are the stock market and real estate.

I have been calling this one "Weaponized Real Estate".

Property often has more value and RIO empty than occupied in many cases, especially in big cities like NYC, Hong Kong, London, Etc. However in the good ol' USA, we don't give a shit about who owns it and the don't need any ties to the country to own property. That why gangsters, foreign politicians, oligarchs, futbol players, hedge funds, sovereign wealth funds, and anybody with big money owns pieces of the American dream. The big downside here for us schleps is we still need housing. Real estate still is an investment, however for most average Americans, it's more of a piggy bank.

[Delfuego]

@Vic I know a lot of people from Venezuela, Colombia and South America. I lived in South America too. You are not correct. You can take your "gotchas" and put them back in their holster. Venezuela is not the US. Joe Biden is not Hugo Chavez. You can keep on swinging, but you're hitting nothing but air.

[MrPrena]

"Everyone..... Relax!"
-Charles Schwab

[HoneyBadger]

Congratulations.

You literally just described why Crypto of ANY KIND is a farce as a wealth store...

PM is tangible, and has value in society. The current agreed upon value? Maybe not, but it is still valuable.

Crypto is neither of those things...

Okay, you can believe that if you want… but my crypto value has increased my wealth by 400+% in the last 2 years. Have fun watching the rocket as it leaves the planet from your golden throne. I’m 33 years old with a net worth well over 1M… and about half of that is crypto. It’s not too late to take your blinders off

[Vic Tory]

Congratulations.

You literally just described why Crypto of ANY KIND is a farce as a wealth store...

PM is tangible, and has value in society. The current agreed upon value? Maybe not, but it is still valuable.

Crypto is neither of those things...

HoneyBadger, congratulations on what you've managed to do. Get out before it all comes crashing down around you.

@Vic I know a lot of people from Venezuela, Colombia and South America. I lived in South America too.

So what? Two of my best friends are Venezuelans. They taught me to speak Spanish. I visit with them as often as possible. (But I am careful. They are both in business positions which are very ... delicate....)

You are not correct. You can take your "gotchas" and put them back in their holster. Venezuela is not the US. Joe Biden is not Hugo Chavez.

I'm sorry. You headed off on a tangent without me.... I never intended to equate Biden and Chavez.

My primary points were equating the demise of the Venezuelan Middle Class with what's happening to our Middle Class. And I was equating Venezuela's hyperinflation with what is in the offing for this republic.

[Grant H.]

Okay, you can believe that if you want? but my crypto value has increased my wealth by 400+% in the last 2 years. Have fun watching the rocket as it leaves the planet from your golden throne. I?m 33 years old with a net worth well over 1M? and about half of that is crypto. It?s not too late to take your blinders off

Gambling on crypto has been a good way to gain money. I've never argued that. It's really no different than gambling on stocks.

You have suggested that crypto is a better wealth preservation mechanism than precious metals. This is what I disagree with.

Any/All crypto is literally intrinsically worthless. It's nothing but a collection of 1's and 0's that a good chunk of society has agreed is worth something. It's just another fiat currency, that isn't backed by anything but a mutual agreement that it's worth X dollars for Y crypto-coins.

I'll leave it to you to brag about, and share vague ranges of, your net worth... It's the internet, don't take it so seriously...

[Gman]

Precious metals. Gold & silver. It has been money for over 6,000 years.

When the SHTF, you still can't eat gold & silver. If you invest in lead, it can get you gold & silver...and dinner.

[MrPrena]

long position on Ag PART II

[Vic Tory]

The Venezuelan people loved socialism until they began to starve.

In Hemingway’s novel, “The Sun Also Rises,” Bill asked Mike how he went bankrupt. Mike replied, “Two ways. Gradually and then suddenly.”

In a socialist economy, bankruptcy happens *gradually* and then *suddenly*.

- Erwin Lutzer, in “We Will Not Be Silenced"

[HoneyBadger]

Gambling on crypto has been a good way to gain money. I've never argued that. It's really no different than gambling on stocks.

You have suggested that crypto is a better wealth preservation mechanism than precious metals. This is what I disagree with.

Any/All crypto is literally intrinsically worthless. It's nothing but a collection of 1's and 0's that a good chunk of society has agreed is worth something. It's just another fiat currency, that isn't backed by anything but a mutual agreement that it's worth X dollars for Y crypto-coins.

I'll leave it to you to brag about, and share vague ranges of, your net worth... It's the internet, don't take it so seriously...

Okay. Millions of people who are wealthy disagree with you… but okay.