Quote:
Originally Posted by sixoclockhold
Nick I have no reason to lie, I'm a maintenance contractor of 36 years and I'm stacking PM's because I think the Dollar has run its course and I want to cuddle with them in my old age. I DCA every month with left over money. I got completely out of debt and downsized for my retirement in 39 months.
See that? Gold is up $24 bucks....nice, before long we will be at the price this thread started at. I'll still be a buyer.
1 day after this thread started Gold was at $1350, we are at that today and can just as easily hit $1480 in one day like they crushed Gold in a day.
|
So, your dollars are buying less and less gold every day?
Why not buy rental home after rental home and borrow the money to do so?
The tenants pay your loan off.
The rent goes up as dollars are worth less.
Your loan principle goes down twice as fast.
When the loan is paid, you have a greatly appreciated asset that continues to provide cash flow.
And how did a maintenance contractor make millions for his company posting online?