Quote Originally Posted by HT1 View Post
if you had sold at the top of the last boom you would have all that money to reinvest into your "business" you would multiple your money multiple times over your life rather then just once. and of course you would be less effected by inflation devaluing your currency of choice *Shrug*
oh no im talking about here in the last year and half, people have passed up so many goodies that I can stockpile all my nice cpus and vintage boards. I have always reinvested in my business but the last boom was nothing for money, it was a lot of fun but also everyone and there mom was out there driving down profits unlike now that its a ghost town and prices are so cheap, let alone all the regular scrap that's just sitting I have made more money this past year that any of the years during the boom almost 6 times as much.
as for inflation that here in my area here in iowa devaluing my currency its has not at least if you mean gold or the power of cash. when you factor in overhead I pay $70-210oz for gold cause I don't count my time but if I pay someone its still only $380-400oz which is almost half of what it was during the height of gold prices. as for cash, inflation here is down a lot, prices for goods are down a lot from just 2yrs ago even less from say 4-5yrs but gas is also half what it was just dropped to $1.54 here but oil also gained on fri so look or it to go up 10-15cents on tues. also businesses are now paying $1.50-2 more per hour than they were a few years ago even Walmart starts at $9hr now.
this is an overflowing college town with very little space to rent so that has gone up over the years but with all the new construction to house the students being completed with in the next yr or so it will level out and drop as people move to newer places and renters add more ammenties or lower rent to keep places like mine full. even my landlord wanted to start 2yr leases for us longer term renters so when rent drops we still are locked in.
so the power of the dollar here goes a lot future now that it did a few yrs ago and gold for me is worth more as I am buying at least in the sense of e scrap cheaper than ever