Loading ...Besides cash and precious metals…
In response to Chartsmaster’s post below about CBDCs I wondered, do we have a list here on the site, or could we compile one, of things that a person could hold/own that maintain purchasing power parity like precious metals, in the event that precious metals are regulated in some way or are not very useful for transactions? Some might say firearms ammunition, or cigarettes, or drugs, etc. Anybody have any ideas?
alcohol. Indians have the market cornered on cigs. Mexican rental property would be my #1 choice as property ownership comes with banking that pays 10-12 % interest ta boot.
Mexican rental property, interesting. I wouldn’t have thought of that as a very liquid thing, but also wonder if owning real estate internationally is as good as precious metals. 10-12% sounds really good though.
Cartel will not allow a cashless society, nor the citizens.
https://youtu.be/UkGx6I4IOyQ?t=59
I know of Canadians that OWNED nice property on the coast right on the bay north of Manzanillo Colima. The co owner occupant misjudged a turn on a Sunday group bike ride in the mountains and never saw it again. The parents of his sweetheart swooped in, changed the locks, and neither the guy’s brother nor his Canadian domiciled ex were ever able to regain control of it, despite having all the paperwork on it. Lets put it this way, you can’t trust the law down there when push comes to shove.
Pedro, Whoa! Now THAT’s what I mean by wondering if owning real estate internationally is as good as precious metals! I was thinking more along the lines of alcohol, which was Highroller’s very first offering. But since I might drink too much of it if I had it, I wonder what ELSE one might… stockpile, in lieu of cash, precious metal, chocolate chip cookies, etc.
Inventory: The way this works is you buy a high value product line of some kind that is always in demand. Like solar panels and batteries. And then you import containers of the object in new condition and hold or sell as required. It must be something that will hold value over time and increase due to scarcity. A guy I once knew bought stainless steel pipe and fittings. Tons of it. Enough for a small warehouse. He had a few million tied up in stainless steel plumbing and he sold it like it was literal gold bars as buyers came online. It never goes bad or degrades and it always has a market albeit a small market of mostly government and technical outfits. So thats an example of how inventory meets the objective of preserving wealth using alternative commodities.
That’s great, Farmer, so he made enough money (given his expertise) to offset the storage/time cost to justify it. Massive congratulations to him. Perhaps ‘inventory’ could be tailored to one’s expertise. Worthy of consideration, no doubt.
The problem with it is cost of storage of course. Its like gold in every other way this article asks but inventory does not attract interest and it takes money to hold. So does gold I suppose but gold is so compact that self storage is posssible and thus no direct cost. Alcohol is a decent alternative to gold if the bottles have enough value. Like collectible wine for example. Then there is Bitcoin except look what just happened to all the Bitcoin in the Gaza strip. The IDF seized all of it. So much for your self custody and unique numbering system!