Twelve years ago I came into my inheritence (from the Grandpa who worked so hard in my previous post) and instead of p*ssing it away on a car or a boat or a vacation home or a McMansion (this WAS the Roarin’ 90’s mind you), I bought gold and silver. Not on paper; the physical stuff.
I was just out of the Army three years, and of course I was used to living on next to nothing all that time, LOL! During those years, I had real estate holdings, which I sold at small profits along the way. (Dad managed them for me while I was overseas or in another state.)
So, I bought a small farm, knowing that I could at least FEED myself if push came to shove. (Large garden; orchard, small livestock, etc.)
I’ve been trading commodities since I was a teenager; most girls bought Tiger Beat magazine and lipstick with their allowance; I bought cocoa bean futures. I learned all I could about commodities; remember the Hunt Brothers and silver in the mid-70’s? An excellent example of getting a little too greedy. ;)
I also learned EVERYTHING I could about keeping my tax dollars in MY pocket and out of the hands of Government. After President Reagan, I knew we were sunk for a good, long time...as far as real leadership and fiscal restraint was concerned; and yes, even HE spent more money than I thought necessary!
I’ve always lived below my means. I’m as self-sufficient as I can be, though I don’t want to give up my computer. :)
I read anything I could get my hands on having to do with economics and money and how to make it and how to save it. Seriously, I’ve never made over $40K a year in my entire working life, 35 years and counting; but I lack for nothing.
No secret. Just paying attention to the bottom line, really. You know the good times never last long and the bad times will ALWAYS follow. Be prepared.
I could go on about the Bad Times I’ve lived through, but really, I don’t dwell on the negatives when life is generally so sweet. :)
Good lesson there. But you know the government can and has seized gold before.