WE sold the second house I built May 5th 2022 for $430k. Cleared $406,176 and that was tax free, after real estate commission, not a penny to anyone else. Law passed in 1998, did two houses and pocketed that as my retirement fund. Gold is taxed as a profit when you sell it. Got to love paying taxes on inflation. Now we owe no one anything over a monthly credit card bill. I bought an ounce of gold when it was $285 and sold it not long afterward for what I paid for it. Wife was a county employee, so she gets social security and a pension. I get a small social security benefit so we do fine having never carried any significant debt unless it gave us a good return and we could live in it while it was appreciating. I grabbed cars and motorcycles that needed love and we drove for free for the last 35 years. Over a hundred salvage vehicles as a hobby.
If you bought Mattell stock in 1955 your return was 1000 fold ten years later. Only problem is it's too late by the time you figure it out.
Getting housing and transportation basically for free is eliminating two of your greatest debt expenses. Now we rent our money to banks.
When Armageddon hits, the best investment will be water and ammunition.
Never bought any gold after that one ounce.
Tried the stock market, every instinct of mine is the opposite of good choices in the stock market.
