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  • Hey all, just changed over the backend after 15 years I figured time to give it a bit of an update, its probably gonna be a bit weird for most of you and i am sure there is a few bugs to work out but it should kinda work the same as before... hopefully :)

++ For Jim Jannard - I hope this is not an out of place question.

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"When everyone is jumping in... the smart guys are getting out".

Jim
 
Jannard said:
It is a fair question... the only suggestion I would make is to always be careful with your money in good times. That's when people tend to forget that life is cyclical. We spend everything when times are good thinking "this will never end" and then panic when we are over our head when it turns... and it always does. Each time this happens we seem totally surprised. I have the luxury/curse of having seen this stuff over and over. The 1st few times I was shocked at what a precarious position I had put myself and family in.

I believe in enjoying life. I also believe that that can be done with what's left after I have prepared for most doom possibilities. Prudent is not a very cool word. But I believe in it now. We really don't need most of the stuff we buy... stuff that ends up being "peace of mind bandits".

Jim
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Very very good words, Jim. We're lucky; my wife has been in a very high-paying job (senior Wall St. positions) for a good few years now, so we're not hurting and never will be. One thing we've learned - well not learned, as tight-fisted Scots it's in our genes! - is to live WAY within your means. Could we have a huge house or houses, Ferrari in the garage etc., typical Wall St. style? Yes. But we don't. Nice house but not excessive, and we've never bought a new car in our lives. Yes I buy cars, but cheaper older interesting cars. Young kids, so no high-end furnishings; we live like students and buy from Ikea. Never owe the credit a penny, pay in full every month.

The places we don't stint are those where it's about enjoying life, especially with our kids. Education. Family. Travel. Decent sushi, but not every night. I've never regretted a single penny I've spend on cameras and glass; I've often regretted not spending more. That kind of thing, not buying houses and toys and cars to the limits of what we *could* afford on our present income.

In short, if you're lucky enough to have money, don't live like you have that much money. You'll be just as happy, and that way you'll still have money if and when the good times stop rolling.

Mike
 
To balance out my investments in trade equipment (cameras, lenses, etc.) and our house, I've been working hard on paying off all loans (getting there), storing food and water (mostly done), staying in good shape ("health is wealth"), and learning survival and self defense skills (mostly done, but its an ongoing process). I've been wealthy, I've been poor, and everywhere in between. Each status has taught me a lot about life.

The Boy Scout motto is "Be prepared". Those who are prepared don't give in to fear. To that I'd add - "An ounce of prevention is worth a pound of cure".

There is a big difference between our "wants" and our "needs". The sooner we learn that, the sooner we can get on with the deeper meanings of life. I believe we need water, food, shelter, faith, and the love of family. Everything else is in the category of "wants".

I've never seen an armored car and moving van in a funeral procession - we don't take our "toys" and possessions with us. Nobody on their death bed has ever said "I wish I'd have made more money and spent more time at the office!" There is much more to life...

I'm infinitely more impressed by someone's character than their net worth.

Lastly, if we have excess funds and time lets all remember to help those around us to "learn to fish". In the process we usually find ourselves...
 
Jannard said:
"When everyone is jumping in... the smart guys are getting out".
Click to expand...
There's a saying in Toronto relating to the three city newspapers. "When the Globe and Mail says 'buy', you should already have your position, when The Toronto Star says, 'buy', you should be selling, and when the Toronto Sun says, 'buy', you should be totally out of it."
 
gold and silver arent for getting rich.
its just a hedge to hold onto what you have.
my mindset is this..

dollar isnt getting any stronger, mathematically and historically it wont.
so ive personally chosen the gold/silver route.. (mostly silver)
those two metals will NEVER be less than the current price of the dollar..
will i get mega rich off of buying gold or silver? NO WAY! i dont have that much money to begin with. Gold and silver arent going to magically make me rich.
will I at least have SOMETHING i can use in the future as a trading item or exchange into whichever currency i need to? YEP
Cant trade or exchange a worthless piece of paper.. but gold and silver you can.

anyone with any history knowledge can straight up see the similarities between the US and the german weimar republic..
you dont want to get caught with your pants down holding a bunch of us dollars when this run away train hits the wall.

dont do it for the quick buck.. do it for the safety net of having SOMETHING

"he who owns gold and silver makes the rules"

my 2 cents

but honestly.. just live.. try to be happy, and enjoy the time we have..
because none of this matters. we are caught up in the matrix..
 
Steve Gibby said:
To balance out my investments in trade equipment (cameras, lenses, etc.) and our house, I've been working hard on paying off all loans (getting there), storing food and water (mostly done), staying in good shape ("health is wealth"), and learning survival and self defense skills (mostly done, but its an ongoing process). I've been wealthy, I've been poor, and everywhere in between. Each status has taught me a lot about life.

The Boy Scout motto is "Be prepared". Those who are prepared don't give in to fear. To that I'd add - "An ounce of prevention is worth a pound of cure".

There is a big difference between our "wants" and our "needs". The sooner we learn that, the sooner we can get on with the deeper meanings of life. I believe we need water, food, shelter, faith, and the love of family. Everything else is in the category of "wants".

I've never seen an armored car and moving van in a funeral procession - we don't take our "toys" and possessions with us. Nobody on their death bed has ever said "I wish I'd have made more money and spent more time at the office!" There is much more to life...

I'm infinitely more impressed by someone's character than their net worth.

Lastly, if we have excess funds and time lets all remember to help those around us to "learn to fish". In the process we usually find ourselves...
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Well said sir.. Well said.
 
Zakaree Sandberg said:
those two metals will NEVER be less than the current price of the dollar..
.
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Be aware that's just your opinion today, it's not a fact. The desperation phase is usually a strong buy signal.
 
Evin Grant said:
I think the answer is clear, invest in gold plating your Epic and silver bullets :biggrin:
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I don't know, man. I think zombies are a much more imminent danger than werewolves. Much smarter to invest in shotgun shells. Of course, only time will tell.
 
"I've never seen an armored car and moving van in a funeral procession - we don't take our "toys" and possessions with us. Nobody on their death bed has ever said "I wish I'd have made more money and spent more time at the office!" There is much more to life..."


i think the thread ended here!!!
 
joshua csehak said:
I don't know, man. I think zombies are a much more imminent danger than werewolves. Much smarter to invest in shotgun shells. Of course, only time will tell.
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people laugh at the thought of zombies...
they wont be WALKING DEAD.. but more like the movie "the crazies"
a bio weapon or mind control frequency that drives people to insanity.
very plausible for society destabilization

PS that movie was nuts..

the other gnarly movie is "the road" YIKES
 
I like your thinking Zakaree, any recommendations on where to purchase physical silver? I'm thinking 1oz coin form but I'm not sure.. I know they come at a premium though.. Appreciate your thoughts sir ; )
 
Kalani Prince said:
I like your thinking Zakaree, any recommendations on where to purchase physical silver? I'm thinking 1oz coin form but I'm not sure.. I know they come at a premium though.. Appreciate your thoughts sir ; )
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Gainesville Coins is a great place to order precious metals from. I've ordered quite a bit from them:
http://www.gainesvillecoins.com/Buy-Precious-Metals.aspx

This is also a great site to find good deals on bullion:
http://www.goldshark.com/silver/search.html

Be sure to ask if what you are ordering is in stock and when it will be sent to you. Sometimes dealers will say they have in stock stuff they have not yet received and you could see quite long delays in receiving your order. Especially now with demand so high. I've never had this problem with Gainesville Coins, but have with others.
 
Jannard said:
"When everyone is jumping in... the smart guys are getting out".

Jim
Click to expand...

Truer words were never spoken.

holland-tulips-for-second-paragraph.jpg
 
Daily market updates can be found on Yahoo news...

Jim
 
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