Imagine living in a world where prices for everything are continually falling. A world in which you save a day’s wage today, and in the future when you go to spend those savings, it buys you more goods and services than it did the day you saved it. A world without inflation. Bagholder is certain most of you firmly believe a world like this is not possible. Not only does such a world exist, but Bagholder has been living there for the last 30 years.
Feb 11, 2022·edited Feb 11, 2022Liked by Bagholder
I always wonder about how paper money has no intrinsic value, ie no other use, than for the trading of wealth; I fear it is too late for me (57ish) to get going in gold, (I make about 25g a year, so baby potatoes land). Due to your article I will further investigate, thanks Bagholder.
My little girl asked me one time what the difference between a $1 and $10 bill was. We discussed it and she said, "that is dumb, why don't we just add zeros to $1 bills?" Smart little kid.
I always wonder about how paper money has no intrinsic value, ie no other use, than for the trading of wealth; I fear it is too late for me (57ish) to get going in gold, (I make about 25g a year, so baby potatoes land). Due to your article I will further investigate, thanks Bagholder.
Thank you, M. Bagholder. I am your kindred spirit, but I could not express it as well as you have here, so I hope you can imagine my gratitude.
May our numbers swell.
How do you get the money to get the gold? Did you find a way to get paid in gold?
My little girl asked me one time what the difference between a $1 and $10 bill was. We discussed it and she said, "that is dumb, why don't we just add zeros to $1 bills?" Smart little kid.
At what point can,.....really my question is two fold... How does one become the "haves" vs "haves not", and 2) Why should I want to be either?