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Silver and Gold This post is only viewable by YoungAtHeart members. Join YoungAtHeart now! |
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Hopefully I didn't confuse anyone. 
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Hopefully I didn't confuse anyone. THE DAYS WILL END ... TIME WILL BE ETERNAL
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9/5/2023 11:37 am |
The horse has it figured LMAOFF Sign my name to his deep thought comment. LOL Party On!
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My brother always said to buy land.... They aren't making any more!! btw: It's unfortunate that a good discussion can't be had without insults. A number of topics have enough blame to lay on the doorstep of both conservatives and liberals.
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HERE IN DIXIE. I have heard from a very young age. wisdom that is profoundly true. it goes something like this: "A HIT DOG YELLS THE LOUDEST" i am sure the meaning is over the heads of the ones you said may be confused THE DAYS WILL END ... TIME WILL BE ETERNAL
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9/5/2023 2:31 pm |
The horse has the answer------Hit a dog----- If it screams LAND!! buy that.----- If It scream GOLD!!! buy that. Party On!
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I have never invested in gold and silver. They are a very volatile commodity and I don't have extra cash kicking around to invest in gold and silver.
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Republican Radio has been selling gold bars for decades because quote "you know what's coming" Same with canned goods with a 25-year shelf life and weapons. And right now, Sean Hannity is peddling land insurance ... you know ... just in case someone steals your land ... LOL and I'm not kidding
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Currency has changed over the years. Gold and silver have been Universal. Maybe going back to trading for goods is a good idea.
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9/5/2023 4:54 pm |
If you are away from town ------ sell -----buy land near town.-----build 1 row of storage rental units-----when those fill build another row and you make money as you sleep. no rent houses---- renters tear them up. storage units have nothing except the door for them to damage. I have considered that on land I have but I am too old for another long-term adventure. LOL Borrow to build the rent units and the renters will pay for it on your behalf. Lose the work for someone else mindset. But what the hell do I know? I'm a socialist Marxist sheep who must be told what to do. LMAOFF! Party On!
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I have never invested in gold and silver. They are a very volatile commodity and I don't have extra cash kicking around to invest in gold and silver. 
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You cant eat gold or silver when there's a food shortage. There's some predicted for the future. Rev 6:6-8, James 5:1-3. It seems to be the beginning of it now with the way things are going. Wars and restrictions on buying from certain countries can backfire long term. Shakespeare said, "Revenge is sweet but bitter ere it recoil." I for myself am glad I'm in the generation I'm in but I fear for my children and grandchildren what climate are they going to grow up in and what are they going to face. It's not looking good. Judgment Day will be interesting - and all paths lead there.
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9/6/2023 5:01 am |
Niles the answer to your dilemma is in your statements above and the stage of life you are in. You bought land when you had a way to pay for it. It has gone up enormously and you cannot afford to buy more because you are now retired. This means your investment was successful. NOW at the high point of your investment it is time to sell while others are still buying it. NEVER bet on disaster and wait for the price to go down and sell at the bottom. Do that and you will be a sure loser. Take the profit and run. Seize opportunity and ditch the dooms day attitude.
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9/6/2023 5:13 am |
Also a renter cannot gut a simple storage building. it only has a front garage type door. The owner can paint the wall and it is good to go again when one moves out. Think about it.
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Also a renter cannot gut a simple storage building. it only has a front garage type door. The owner can paint the wall and it is good to go again when one moves out. Think about it. 
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9/6/2023 1:27 pm |
Niles it sounds like you have it going your way. Everyone sees different possibilities. That is the spice of life when it comes to business. My rule #1 is never fall in love with real estate. Party On!
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9/6/2023 5:29 pm |
Niles That is a terrible thing to say. I have 1 rented storage building and the wife has one. LOL After selling the business I had four rented for left over shop stuff but after two years of storage fees a group of Mexicans broke into two of them and relieved me of the burden. LOL They hocked a ceramic tile cutting saw without removing the serial #. LOL. I have the boat in the remaining one. Hopefully the boat will sell in my upcoming estate garage sale.
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9/6/2023 5:40 pm |
My neighbor had an insurance business in Indiana previously. He told me to file the theft on homeowners' insurance because it covered the rental unit items. I got $5300 out of it and I didn't have do a garage sale. LOL I can make money out of a rock. LMAOFF!
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9/6/2023 9:16 pm |
No pet rock but I started the business part time in a small rented warehouse LOL As the business grew, I took in 3 other adjoining RENTED warehouses. LMAOFF! It was tax advantageous to rent the building and place the PROFIT into more machines in order to maximize production. Rent payment is tax deductible each year in a business. (operating expense) I rented/Leased the building for 35 years as I bought more machines. My youngest son the engineer helped me part time and held a job in a big corporation. So he decided to buy a building and lease it to me LOL I leased the building from my son for 19 of those 35+ years in business. Believe me---- I know about rental warehouses. LOL You probably would not believe the profit he made out of it. I managed to place food on the table also. LOL Party On!
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9/6/2023 9:33 pm |
Take a chance. Columbus did. LOL Nothing ventured---- nothing gained. How will your daughter squeeze a profit out of that land when you pass it to her?.
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9/6/2023 9:42 pm |
Get out of that republican't party of NO can do and go independent LMAOFF!
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9/6/2023 9:50 pm |
Niles I am sure enjoying YOUR blog. I can't get over the horses hit a dog theory. Why didn't I think of that? LOL
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9/7/2023 7:46 am |
Forget that capital gains thing------reinvest the sale proceeds-----file IRS form 1031 ------let an intermediary hold the proceeds and do not take it into your control. You have 45 days from time of sale to identify your next purchase and 180 days in which to close the deal. check IRS FORM 1031 rules if have not already done that. that is how those who live off of capital gains pay little or ZERO tax. Our corporate government which they control has it set up that way for them. That is also why real estate goes up so much. Do a little of what the big guys do. LMAOFF! You probably already know about form 1031????
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9/7/2023 8:15 am |
Example ---a person can make 20 million profit-------reinvest -----pay ZERO tax. Corporate owned politicians usually own several houses with house and grounds keepers.,------ go figure. LOL Get in there with them. Heck! even little old me has a man cave. LOL Party On!
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