I kinda giggle when people talk about gold as an alternative to our potentially failing dollar. Basically because gold is just as useless as money when it comes down to it. It's not even rare. Same with jewels. Our monkey-like ancestors valued both because they didn't have science to tell them where they were in the ground and they basically just liked shiney stuff a lot. The only truly valuable things on earth are water and air. Which is funny in itself because we have no problem selling off our springs to Nabisco and letting companies talk us into deregulating emissions.
Gold is not an alternative to paper money, but when money fails you'll be damn sure you have it.. Before I die the price if gold will triple I promise you.. The timetable I don't know tho lol could be ten years could be fifty years
But most of the of the posters here are early 20's and couldn't have achieved many of those higher qualifications so your survey will be distorted
Do you do anything to save for your retirement? Does NZ take care of their elderly?
I've been giving this a lot of thought lately. I really need to start putting money aside now for retirement. The Govt pays Superannuation to people when they retire but it is not a lot per week and the age of retirement keeps being extended. We are focusing on paying our mortgage off as fast as we can right now so we can then start a retirement find. Paying about $2800 per month on our mortgage to pay it off asap
Do you have a specific example of a time when currency failed and gold was considered valuable? Even in the post-WWI German economy when inflation was so bad people were burning cash for heat, gold didn't mean shit. People were trading and seeking exactly what Satan said, clean water and food.
yeah like if there were three kinds of people when money collapsed, people with food, people with water, and people with gold, the people with gold would be fucked
Well I'm busy now but I'll talk more about it later.. Water and food are parishable (sp) so unless your like a farmer or something then pretty useless to 99 percent of the people
Well I'm busy now but I'll talk more about it later.. Water and food are parishable (sp) so unless your like a farmer or something then pretty useless to 99 percent of the people
But most of the of the posters here are early 20's and couldn't have achieved many of those higher qualifications so your survey will be distorted
Do you do anything to save for your retirement? Does NZ take care of their elderly?
I've been giving this a lot of thought lately. I really need to start putting money aside now for retirement. The Govt pays Superannuation to people when they retire but it is not a lot per week and the age of retirement keeps being extended. We are focusing on paying our mortgage off as fast as we can right now so we can then start a retirement find. Paying about $2800 per month on our mortgage to pay it off asap
We have something called "Social Security" here that is basically a giant pyramid scheme that the US government does. See the way it is supposed to work is people pay into this their whole life, and then when they retire they draw that money out. Except- People draw out more than they put in, and the government themselves takes money out of this account to fund our wars around the world and other bullshit. They put iou's in that account. Well problem is that account runs out of actual money in a couple of years, and then the gov is on the hook to start paying back that money to all the seniors, but where are they going to get that money? The whole system is a complete scam that is legal. It pisses me off greatly, as this is money the government is stealing from me that I will never see a cent of.
Luckily for me, I pay attention to politics and finances and have known for a while I will never see any of this money. So Like I said somewhere else... When I got my first job out of college I started putting 10% of my pay into a 401k and Roth IRA's. These are two forms of retirement accounts that have huge tax savings. Most professional setting jobs that offer 401k plans also will match contributions dollar-for-dollar. So I did this right out of college so when I went from making 10k a year in the service industry to making 65k a year, I didn't even miss the 7k I saved for retirement. If I am use to 10k a year, what difference is 65k verses 58k? And then the companies are also kicking in another 7k to match what I saved. This was literally the best financial decision I've ever made because I would have just blown it if I didnt do that. When you do that sort of savings for 15 years, and at the same time that account increases in value 10x.... you dont have to get pissed about all the money the government is stealing from you with social security.
If you are graduating from college and getting a job that offers a 401k... DO IT! It will literally be the smartest thing you've done. And dont make any excuses. There are always excuses to not do it... Trust me, DO IT.
The craziest thing about most of the gold trade is that you aren't actually in possession of the gold, whoever is brokering it kinda is. They maintain possession of it. It's traded like a stock where the entirety of the transaction is mostly in paperwork. So if everything goes to shit, how do you even collect on it?
A lot has changed! Mostly for the better.... We got in a big circle jerk and scared off all the ladies. You will be happy to hear we are still doing 'Kill yourself' and "Ban Pls" However we have now adopted "Dish but can't take". It's excellent, and almost always gets you 5+ likes.
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Luckily for me, I pay attention to politics and finances and have known for a while I will never see any of this money. So Like I said somewhere else... When I got my first job out of college I started putting 10% of my pay into a 401k and Roth IRA's. These are two forms of retirement accounts that have huge tax savings. Most professional setting jobs that offer 401k plans also will match contributions dollar-for-dollar. So I did this right out of college so when I went from making 10k a year in the service industry to making 65k a year, I didn't even miss the 7k I saved for retirement. If I am use to 10k a year, what difference is 65k verses 58k? And then the companies are also kicking in another 7k to match what I saved. This was literally the best financial decision I've ever made because I would have just blown it if I didnt do that. When you do that sort of savings for 15 years, and at the same time that account increases in value 10x.... you dont have to get pissed about all the money the government is stealing from you with social security.
If you are graduating from college and getting a job that offers a 401k... DO IT! It will literally be the smartest thing you've done. And dont make any excuses. There are always excuses to not do it... Trust me, DO IT.