Indeed, if only edible goods have value we should be getting everything else free. I don't know how many times I've heard people make this ludicrous point when the subject of gold comes up but it has been remarkably common over the years. They are just repeating what they heard or read somewhere, and perhaps nursing a personal bias, without considering the matter carefully or at all. I just brought it up because it helped highlight the range of views on the matter.
Another problem posed by real estate that is perhaps less obvious. They require utilities:- electricity, gas,water,sewerage . . #infrastructure . . without them, you may as well live in a tent. I sold my house in 2007 exactly for these reasons . . many will never be sold . . new word:- stranded assets
This will not only apply to housing but, aircraft, cars, boats, motorcycles . . anything that uses fossil fuels, when fuel is scarce or unobtainable these assets will simply be abandoned . . #stranded-assets
Very good, and exactly my own thought process. However, what about SHARES? What are your thoughts on those as tradable inflation proof assets? Obviously they are volatile, but the right shares must have underlying fixed asset or income value.
Precious metal mining stocks can be an excellent way to protect yourself in an inflationary environment through both capital appreciation and, when underlying metal prices rise, dividends.
There are mutual funds which focus on the sector and for those who prefer to buy individual stocks there are a few large companies and a great many medium to small companies (mostly Canadian). The small companies should be considered speculative, particularly the exploration firms. And beware heavy promotion of tiny, high risk firms in the sector.
I didn't address mining shares, aside from the parenthetical note, in the interest of brevity but may focus a post on the topic at some point.
You can't eat gold.
Non-sequitur.
You can't eat fiat currency.
More on point.
Indeed, if only edible goods have value we should be getting everything else free. I don't know how many times I've heard people make this ludicrous point when the subject of gold comes up but it has been remarkably common over the years. They are just repeating what they heard or read somewhere, and perhaps nursing a personal bias, without considering the matter carefully or at all. I just brought it up because it helped highlight the range of views on the matter.
Another problem posed by real estate that is perhaps less obvious. They require utilities:- electricity, gas,water,sewerage . . #infrastructure . . without them, you may as well live in a tent. I sold my house in 2007 exactly for these reasons . . many will never be sold . . new word:- stranded assets
This will not only apply to housing but, aircraft, cars, boats, motorcycles . . anything that uses fossil fuels, when fuel is scarce or unobtainable these assets will simply be abandoned . . #stranded-assets
Good points. Thank you for your comment.
Very good, and exactly my own thought process. However, what about SHARES? What are your thoughts on those as tradable inflation proof assets? Obviously they are volatile, but the right shares must have underlying fixed asset or income value.
Precious metal mining stocks can be an excellent way to protect yourself in an inflationary environment through both capital appreciation and, when underlying metal prices rise, dividends.
There are mutual funds which focus on the sector and for those who prefer to buy individual stocks there are a few large companies and a great many medium to small companies (mostly Canadian). The small companies should be considered speculative, particularly the exploration firms. And beware heavy promotion of tiny, high risk firms in the sector.
I didn't address mining shares, aside from the parenthetical note, in the interest of brevity but may focus a post on the topic at some point.
Where do you buy your bullion?
You can find reputable dealers at the following link:
https://www.silvermonthly.com/the-top-10-online-bullion-dealers/