Sometimes I feel like I’m the only person awake.
Not too long ago our economy almost collapsed. Some might argue that it did in 2008. It really just depends on who you ask and how much money they lost.
An economist might tell you that everything is fine, however, if that economist didn’t lose any money well… Then he probably thought everything was fine. But he if he lost his @ss in the market, then it’s a great depression!
But, what scares me is… Everything seems back to normal. Real estate prices are going back up. Construction workers are actually employed again.
Let me give you a for instance. If you go to Walmart you can buy a shirt for about 10 bucks. If you go to Starbucks you can buy two latte machiatos for about 10 bucks. One item you have for the next four years the other items you have for the next 15 minutes.
This disparity somehow scares me. It just seems like we have forgotten the value of things. Since when should a cup of coffee even with some milk and some added sugar cost as much is it costs to buy a Mail shirt size XL?
It just strikes me as odd.
Years ago when I wanted to buy some gold, I had a financial adviser tell me that gold really wasn’t an investment as much as it was securing the value of my money.
I didn’t have a whole lot to invest, but he explained it to me like this. In 1920 you could buy a nice men’s suit for about $20. In 1920 the cost of 1 ounce of gold was about $20.
At the time when I bought, gold was about $965 an ounce. He explained it to me that the relative value of gold was about the same as it was in the 1920s.
He said you could buy a pretty nice men’s suit for $965 these days. Just like a good suit back in the 1920s for $20.
Either way the value of the gold is pretty much the same.
Except for the fact that sometimes I like to shop at places like men’s warehouse. And they can offer suits for $200 to $400. And, they seem like pretty nice suits to me.
So, what gives?
It seems to me that there is no such thing as value anymore. Nobody knows what anything is worth it seems to me.
It is precisely this that makes me feel uncertain about the future of our economy. It seems we have all gone back to sleep. But a few of us are still kind of looking around wondering what the hell happened?
My financial advisers, well, they tell me to dump all my money back into the stock market. That usually tells me that they’re ready for a commission for themselves.
I don’t want to be cynical, but life has taught me that only you have your best interest at heart.
Or, if you were dealing with a really mature business person, then you might be okay there too.
But the point of this article is simply to caution you and wake you up at the same time. Maybe you should consider what the people around you consider valuable.
Is it the same things as you hold valuable? A final thought is this…make sure that you consider the money that you have in your hand today. Often I am brought back to when I had a lot of money. And then lost it. Now, I know I need to hold onto my money the best I can.
That doesn’t mean be greedy or stingy, it just beans means being responsible.