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That Bitcoin is gonna bite alot people in the azz I bet when whomever decides to yank the rug and cash in on that giant ponzi scheme.

JMO...

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Originally Posted by renegade50
That Bitcoin is gonna bite alot people in the azz I bet when whomever decides to yank the rug and cash in on that giant ponzi scheme.JMO...
You might be right.


Patriotism (and religion) is the last refuge of a scoundrel.

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Originally Posted by AKwolverine
Originally Posted by 1100RemingtonMan
I’m saving and will buy when the crash comes.

That was last spring.



I did pretty good on that dip! Would like to give it another go.


A true sportsman counts his achievements in proportion to the effort involved and fairness of the sport. - S. Pope
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Originally Posted by SandBilly
Real estate


Yup, and if you're finding it by online listings you're a sucker.

Do you're research, it's a buyer's market if you know where to look


Beware of any old man in a profession where one usually dies young.

Calm seas don't make sailors.
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Stocks and realestate are in a bubble that will burst and crush a lot of people. The same for crypto. Right now I'm in cash, being patient. When lumber drops I'll build some rentals, or if realestate crashes I'll buy some as long as inflation doesn't kill me first. If the market finally starts rolling over I'll go short in leveraged fund like SQQQ. Be patient, opportunities will come around like always and you will need cash to take advantage of them.

I'm pretty tempted to sell my current house, but renting a place at 2500 a month will get old fast.


"Life is tough, even tougher if your stupid"
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I'm thinkin' of lookin' into this plasma thing...

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I have been investing in old machinery that will make me money.

[Linked Image from i.postimg.cc]


"There's more to optics than meets the eye."--anon

"...most of us would be better off losing half a pound around the waist than half a pound on our rifle."--dhg

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Seafoam...

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Originally Posted by Hastings
Originally Posted by renegade50
That Bitcoin is gonna bite alot people in the azz I bet when whomever decides to yank the rug and cash in on that giant ponzi scheme.JMO...
You might be right.


I don't think there will be a "rug pull" so to speak, although hard correction is certainly possible and even likely. There are I believe 9 applications in now for Bitcoin Etf's in the US,and at least one is almost certain to get approved. Coinbase IPO goes tomorrow on the NYSE.

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Originally Posted by Stormin_Norman
Stocks and realestate are in a bubble that will burst and crush a lot of people. The same for crypto. Right now I'm in cash, being patient. When lumber drops I'll build some rentals, or if realestate crashes I'll buy some as long as inflation doesn't kill me first. If the market finally starts rolling over I'll go short in leveraged fund like SQQQ. Be patient, opportunities will come around like always and you will need cash to take advantage of them.

I'm pretty tempted to sell my current house, but renting a place at 2500 a month will get old fast.


Being in cash is the absolute worst place to be, once inflation is realized the value of cash will fall to nothing over night. History has shown this. That is if you're cash is in USD. I wish you the best of luck but I think you're riding for a fall. They aren't making more land but they are printing more money. It's really that simple.


Beware of any old man in a profession where one usually dies young.

Calm seas don't make sailors.
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My wife and I have also been thinking about where to put our cash.

Actually I have been doing most of the 'thinking', she would say just leave it in savings but she is beyond conservative when it comes to money.



It'll come down to buying another house or more cows.

Even out here in poor man country the housing market is slim pickens...

Very little inventory and HIGH rental demand.






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Originally Posted by 1100RemingtonMan
I’m saving and will buy when the crash comes.


This ^^^

kwg


For liberals and anarchists, power and control is opium, selling envy is the fastest and easiest way to get it. TRR. American conservative. Never trust a white liberal. Malcom X Current NRA member.
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Originally Posted by pal
I have been investing in old machinery that will make me money.

[Linked Image from i.postimg.cc]


That is one monster lathe. Who makes it ?

kwg


For liberals and anarchists, power and control is opium, selling envy is the fastest and easiest way to get it. TRR. American conservative. Never trust a white liberal. Malcom X Current NRA member.
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$2,000..... hookers & blow..... next question?. smile


Originally Posted by Judman
PS, if you think Trump is “good” you’re way stupider than I thought! Haha

Sorry, trump is a no tax payin pile of shiit.
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Originally Posted by irfubar
$2,000..... hookers & blow..... next question?. smile




Okay, $50k?


(really hot hookers???)

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Originally Posted by kwg020
Originally Posted by pal
I have been investing in old machinery that will make me money.

[Linked Image from i.postimg.cc]


That is one monster lathe. Who makes it ?

kwg


It is an 18" x 51" Okuma LS, made in Japan in 1968. More info here.
http://www.lathes.co.uk/okuma/


"There's more to optics than meets the eye."--anon

"...most of us would be better off losing half a pound around the waist than half a pound on our rifle."--dhg

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Originally Posted by Colorado1135
Originally Posted by Stormin_Norman
Stocks and realestate are in a bubble that will burst and crush a lot of people. The same for crypto. Right now I'm in cash, being patient. When lumber drops I'll build some rentals, or if realestate crashes I'll buy some as long as inflation doesn't kill me first. If the market finally starts rolling over I'll go short in leveraged fund like SQQQ. Be patient, opportunities will come around like always and you will need cash to take advantage of them.

I'm pretty tempted to sell my current house, but renting a place at 2500 a month will get old fast.


Being in cash is the absolute worst place to be, once inflation is realized the value of cash will fall to nothing over night. History has shown this. That is if you're cash is in USD. I wish you the best of luck but I think you're riding for a fall. They aren't making more land but they are printing more money. It's really that simple.


The government's printing press will win(unfortunately). That said, it seems more likely that we will end up closer to Japan than Zimbabwe.

[Linked Image from media1.tenor.com]



Quando omni flunkus moritati
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Originally Posted by Colorado1135
Originally Posted by SandBilly
Real estate


Yup, and if you're finding it by online listings you're a sucker.

Do you're research, it's a buyer's market if you know where to look


Exactly, 3 months ago bought 31 lots backed up to a vineyard in Texas for stupid cheap. No realtor involved, not even a for sale by owner sign.


~Molɔ̀ːn Labé Skýla~
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Originally Posted by SamOlson
Originally Posted by irfubar
$2,000..... hookers & blow..... next question?. smile




Okay, $50k?


(really hot hookers???)

And a limo!!!

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Right now I'm very good with my investments, have a nice balance in my checking and savings accounts, own my house and other real estate free and clear, no car payments, so every now and then I get a few thousand dollars through a little side job and for now I'm investing in Gold and Silver. Been doing this for about 20 years, have made most of my money with Silver, and good increases in Gold. I don't sell or trade, just put it in my deposit box at the bank. If I don't use it, my kids and grand kids will have fun playing with it.
My stash is for "when everything else goes South" sort of like a good cash of ammo and food.


"The older I get, the better I was"
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