Comments by "Harry Mills" (@harrymills2770) on "Gold, Bitcoin surge in wake of economic uncertainty" video.

  1. It's only smart to hedge against what the bankers might do to us. Diversify. This includes staying in debt, which is counter-intuitive, but with the government/banks prepared at any moment to inflate the currency, you can end the day with more STUFF that you can pay off with worthless dollars, later. But have some debt, with some nice toys on installment plans. Some gold. Some ETFs. Some stocks. Some bonds. If you can swing it, lock in a 30-year mortgage at the low fixed rates that are available, now, and have been for years. That mortgage payment looks smaller and smaller, in real terms, every year. It's about the only good deal out there for people, and if there's one thing I'd tell a young person is that they should just start NOW and put half of anything they make towards a down payment on a house. I didn't, and I deeply regret it. I always worked, but as a college student (for far too long), I was paranoid about losing my house if I had to move, because my parents had that happen to them. But my parents were just stupid or inattentive or something. The fact is, I could've gotten into my own place by the mid-80s, if I'd used that "save half" strategy. I didn't know, at the time, how many good property-management companies there are and how easy it is to hire one to give you a small profit on the house you left behind. Once you're into the place, with the right mgmt company and all the proper insurance, it generates a small cash flow all by itself. And you wait for a ridiculously good offer on it. Anyway, I would've been risking little to save up and buy that little house up on the hill, even though I did settle on the far side of the Continental Divide, chasing jobs for my skill set. By now, that little property would be a place to land when I moved back across the Divide.
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