If you had of invested the equivalent amount of money in the Dow Jones index instead of purchasing 10kg of gold and kept it invested from 1920-2024 you would have ~$15 million.
So I get the idea of a hedge, but I guess the question on my mind whenever I hear talk about hyper-inflation is “what are you going to do with the gold if society collapses?”. My thought is that if the world economy got so fucked up that the US dollar was worthless, and the government didn’t step in, then wouldn’t we sorta be in a failed state? And if we were in a failed state is the plan to sit on the gold in some sort of fortress to wait for civilization to come back? Hoping that you can defend it and that the incoming civilization doesn’t just take it?
I’ve always assumed you’d melt the gold down and create coins or other tradable sub-amounts of the gold that you could exchange for goods and services. If people are still peopling, they’ll still want a currency to transact with; if the dollar has failed then gold has a historical precedent that would probably make it easier to convince people to trade with you using it as a medium of exchange. It always seems like it’s more suited to be an emergency measure than a plan A to me.
At the same time, it picks and chooses its dates. Gold has been volatile, with the price oscillating between $2,100 USD in 1980, $470 USD in 2001, and back up to $2,200 USD in 2011.
The meme may be true, but it is less meaningful than you might assume at first glance. The obvious comparison is those memes comparing wages or dollar values with house prices, where obviously inflation has made a huge difference in 100 years. However, you should compare it to other types of investment, so does a stock index grow as fast as home prices or not?
I married at 22 over 20 years ago did not regret a day… I think a happy marriage is just a lot of luck a lot of self reflection and effort. No matter the age it is not a self running maintenance free system
I met my wife in high-school, we married at 21/22, it’s going to be our 19th anniversary this year. So yeah, definitely go lucky, and I would discourage my kids from doing the same even though it worked great for us.
Very interesting perspective that you wouldn’t encourage your kids to do the same as you, why’s that?
To be honest if my kids married at 20 it’s not like I’d try to stop it, despite my reservations about it. I’d think it was a potential mistake but that’s coming from me as concern rather than disapproval.
At what age are you supposed to know what you want for the rest of your life? You will never have an answer to that in any capacity, and not just in marriage. You evolve as a person, you’ll never have a fixed desire for your whole life. And that’s the great thing about marriage and relationships, they also evolve. And it’s about who you want to try doing that with
I see/hear about marriages started at 30+ 40+ 50+ all the time that fail. I see people pivot careers and industries in the middle years of their life. People tastes change all the time as they get older. Let’s not pretend that when your brain finishes developing you suddenly have life figured out/know exactly what you want
I generally agree that getting married before 24 is a pretty risky move and you have to have thought it through very carefully, but the argument that “you don’t know what you want for the rest of your life” is not the reason why that is. It relates more to life experience/emotional capability/massive foresight. Marriage is more than just “wanting something for the rest of your life”, it’s a commitment, it’s not just some eternal desire you may/may not have
I feel like it might come from the fact most relationships are pretty short before you are 24. Few people hold onto long lasting relationships by that age and few (at the time) short ones develop into anything reliable.
A former classmate of mine met a guy and got married after knowing him almost a year, like right out of highschool. Last I heard of her they went through a messy divorce couple of years later, which we all saw coming and tried telling her about.
That sounds more like an issue with that person not being open/receptive to her peers advice. And I think this is true for many people beyond the age of 24 as well
Which one? Gold was $20.67 per Troy ounce in 1920, that’s about $664.55 per kilo. 10 kilos about $6,645.55 I’m believing the first search result countryliving.com/…/what-things-cost-100-years-ag… says that matches up. Gold is about $64,900 per kilo today so $649,000 for 10 bars, that’s a low cost of living middle class place or HCOL very small house that needs renovation. I could see you meaning these days and houses in some areas are in the $6 million range, guess they should be location specific.
Yeah I was going to say Upper Middle Class but I’ve seen some dumpy houses for those prices and it’s really titled by if you bought when interest rates were low vs the last year or so.
Jesus. Got my house 7-years ago on a Habitat for Humanity mortgage, for which you pay cost. ~85K? Also, no interest on the loan. Also, no property tax.
3-bed/2-bath/80’x200’ lot/1,140sq. ft. living space/$550mo.
Call your local Habitat chapter, go to the next meeting and learn. Keep going with the program if you can. Took my ex-wife and I 14-months, start to finish.
I can’t tell you the qualifications, they change and are different from one area to the next. I can give you some basic answers, at least I’ll try.
If we make it to 24 that’d be 8 years of dating and id feel bad not marrying her by then. My only caveat is I want to be out of college by the time we marry tbh
I’ll probably still go to grad school but I’d atleast like my BS
That’s what we did, it just turned out that we were together for 7 years before everything fell in to place. We got out of college, got our careers in order, and bought a house. Then married the next year.
I don’t think ppl getting married is wierd before 24 risky sure. Having kids before 24 is crazy. Like 2 years in workforce at minimum. Barely time to be able an adult before a parent.
I much prefer being a young parent, than the idea of raising teenagers in my 50s or 60s. I much rather have all my fun, travel and adventures with my kids or will do with my wife when we’re older and the kids moved out
That’s fair. My mom was a teenager when she had me so it’s interesting watching her going from rebel teen staying up watching horror movies to ultra Christian as she got older. I feel like my siblings which are all 5 years apart benefited from less beatings and more income. I will say my mom had sooo many marriages (she’s on #7). It would’ve been nice if she found the one before they got baby trapped into our lives. 1-6 were dumb as f. Personally I loved the huged age gaps between us. Never felt the siblings issues we saw in Malcom in the middle but that wasn’t in the cards for me to have as a parent. So there are plus and minus to it overall.
The age at which you meet has nothing to do with it. Healthy relationships are about evolving together. If you can’t do that or if you do it separately, that’s when it falls apart. Sometimes you’re lucky and you find a compatible person early, sometimes you don’t. That’s all there is to it.
Follow-up question: what open source software projects do you contribute to? I like using Liberapay or Open Collective, with Patreon as a third choice.
Marriage is about my happiness and according to AITA and TwoXChromosome my husband is a toxic spouse and I need to leave him, force my kids into poverty and go out there and just be happy without those lead balloons. Marriage over do it now
Not going to try to change your mind about this opinion, but I’ll take a stab at shaming you for being so vocal about a thought that is very much “othering”. Maybe turn down the judgement a bit, you don’t know people.
What’s truly insane is people who marry under 20. And if you think it’s possible to know who you are and what you want at that age, you have a very simplistic view of the world. Or you’re brainwashed by those who reared you, ie you have a very simplistic view of the world.
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