This is how we do it...
Do you keep your valuables well stored? Let's talk about similarities between the traditional way and the modern habits of people interested in finance.
The Balkan way to store valuables. I actually took the picture at the very feet of the very much real Balkan Mountain range during the Christmas vacation.
I want to be brief and pose a couple of questions for you...after telling you a story.
A week ago I was talking to a friend about the economy and I mentioned commodities, metals in particular, and the joke I saw in a comment somewhere. It said "Don't forget to also stock on Pb". Which I recognized as the Chemical symbol for Plumbium. A.K.A. Lead.
I used to hunt for scrap metal as a kid. It was a way to sometimes make some pocket money but it was also interesting. Because it was an act of stripping value off civilization's...waste. Not robbing people, but actually helping reduce waste and make the planet a better place.
Besides, lead is dangerous. Actually, I guess that's why a dude made that Pb comment in the first place.
So, yeah, I used to gather some lead, too. And while talking with my friend about it, I decided I should check how prices have changed over the past...20 years. Lead had increased tenfold.
And I mentioned, that I had had some lead gathered in a round box that could fit in one hand. Until I threw it away while moving from yet another place to live to...yet another another place to live. Sometimes I kill the pack rat inside me. I bring stuff along with me...I continue bringing stuff along with me...until I decide to quite doing that and throw away, give away, sell away.
Basically, I dump my strategy when it comes to hoarding things.
While both scenarios are viable, I do have a preference.
But let me first hear from you. Which approach do you like better? Why?
Would you keep capital for the profit it could make while standing idle? Or would you rather fund any activity that brings you fresh income?
Thank you for reading!
Yours,
Manol
