Property is probably the only asset that is more difficult to get into now than it was decades ago. On the flipside though it's much easier to get into the share market now than it was even 10 years ago and it's this market that younger people should be targetting in the main. On a side note re: products and services, compared to 40 years ago, products and services are miles in advance now compared to then eg my car starts every morning, even if it's raining or cold. My Kingswood or 120Y didn't always the fuckers, and don't start me on mowers from back then, or cassette players that always gobbled up your favourite album, or coffee, or beer, or international/STD calls...
Agreed on the shares, availability and access to apps,etc means even amateurs like myself can invest or gamble With so many hacks,scams and continuous outages and maintance i prefer to have much of the lil disposable i have in physical...and cos have less and less faith in system and 3rd party as the control and ability to access is sometimes harder as it restricts. Regarding products works both ways imo...products made from solid good parts and many built to last not disposable crap mass produced, food was better tastier made from simple but good ingredients(and less causing sickness) and services were more people like ourselves who gave a shit not automated responses or exported jobs where were left unsatisfied,unassisted...and they want us to do a 15min survey on how they done Rambling aside
Lol, I can't think of a single consumer item from 30 - 40 years ago or during my childhood that I would swap for what's available now. Maybe fasteners or other hardware items. The food is better now, it's of a higher quality and more readily available when the shelves aren't bare - granted you probably have to pay more if you want the good stuff. Watermelon and grapes all had seeds in them, you could have any bread you like as long as it was white or brown, you could only get Kalamata olives and soft cheeses in delis, Asian takeaway food was just multi-coloured MSG and salt, pushbikes had cotter pins, paint had lead in it and the walls had asbestos, golf driver heads were made of persimmon, TVs were large heavy square boxes with only 4 channels (then SBS came along and we got 5 channels with soft-porn), and you had to get up and walk over to it to change channels, the toilet paper in State schools was great if all you had was an itchy arse, they made us drink warm milk every day while we were there too, power saws and hedge trimmers had cords (that's a fkd idea, as dumb as the old electric lawnmowers with cords), Brylcream and hair spray was all that kept your hair looking schmick (moose arrived in the 80's), condoms were kept behind counters in chemists, seat belts had to be adjusted if a fat or skinny prick had been sitting in the seat before you (that's if you had a seat belt, Mum or Dad's arm kept me from being propelled through the windscreen for years when I sat in the middle of the front bench seat apparently), computers had floppy disk drives, we used InSinkErators FFS, phones were plugged into walls and you had to shout over the line if you were ringing Oma at Xmas in Germany, all we had was incandescent bulbs, single-flush toilets... I could go on. If you bundled me into a time machine and asked me to pick any point in time to go back to, I'd say "Today please". Oh, and I've just discovered Cara Cara oranges, I'm not normally an "Orange person" but OMFG and they're $2.50/kg. And there's no seeds in them. Edit to add: "joeybtoonz" on those Youtube clips obviously never walked down Oxford Street in Sydney during the 80's.
@mmm....shiney! thanks for the trip down memory lane. As much as most of us sook about the state of affairs, we most definitely have come a long way (and for the better)
Different "experts" and "economists" etc have such diff views and all swear and sometimes shout truth on every asset class known to man Many of us are very tribal about our chosen investments so cant be budged or have perspective n faith shaken. I like silver and see the potential but also the reasons why it can be held in place. Most of stack in Tier 1 asset and hasnt let me down even in lil bit ive been doing this,to see our lil oz coins at 4k is great...and those with $ faith foresight time and patience own KGs and well done to them. BTC rise was legendary why not gold? Not to same crazy heights but faster growth too rather then slower Different assets but some fundamentals shared
Yeh, some experts do a good job, some don't. He's done a decent job IMO. I don't agree with all of his reasoning for a bull market in gold, namely the central bank purchases but his general thesis as well as his vast knowledge of macro and market events gives him good cred.
Silver Bullet - by Dr Mike Yeadon https://rumble.com/v5t2qbh-silver-bullet-by-dr-mike-yeadon-and-tim-west-2024.11.25.html
Does Rhenium show on a XRF test? Is it odd for chains to be 999 gold? Thought 18 carat is what is usually used.
Depression, Debt, Default & Destruction in 2025 - Martin Armstrong https://rumble.com/v61fr42-depression-debt-default-and-destruction-in-2025-martin-armstrong.html
