Average consumer now carries $6,329 in credit card debt. 'People are stretched,' expert says

HARK! · 2025-10-12T07:23:58-0500

Tuur said:
So are rare coins, but selling them is harder than you'd think. I learned this in the 1970's, when I had some almost uncirculated coins that weren't worthy much over face value, but enough I could sell for Christmas money. Took them to the nearest collector coins dealer, a store that sold rare coins in individual pouches. There I learned that while he sold them, he didn't buy them from the public, and the nearest place he knew that did was several hundred miles away. I'd already made a trip of 50+ miles one-way just to get to a store that sold coins. Thus I learned what something is valued is one thing; what you can get for it is another.

Rare coins do not have the same value all over the world. Not many Chinese are seeking a double die US penny. However, the spot price for gold and silver is the same in China, as it is in the US, once the exchange rate between the dollar and the yuan is worked out.

You might have to travel more than 50 miles in either the US or China; if you want to find a money exchange to convert dollars to yuan, or vice versa.

The dollar is down again today:

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Tuur · 2025-10-12T07:51:28-0500

HARK! said:
Rare coins do not have the same value all over the world.

Sigh.

The point is selling what you have at market value, or at any value at all, is often more difficult than you'd think. But it's your money.

HARK! · 2025-10-12T07:52:10-0500

Nithavela said:
When I see people who invested in something shill that thing as hard as hark! does, I get wary.

I'm wary of funny money.

HARK! · 2025-10-12T07:56:56-0500

Tuur said:
Sigh.

The point is selling what you have at market value, or at any value at all, is often more difficult than you'd think. But it's your money.

When you convert your dollars to yuan; the currency exchange will charge a premium. They need to make money to stay in business, You will be hard pressed to find someone who will make an even exchange at market value.

Salesmen are in the business of making money on sales, even when they are selling dollars for yuan.

Through inflation dollars will continue to lose value for as long as you hold them. Tangible assets are another matter.

NxNW · 2025-10-12T11:31:28-0500

HARK! said:
How is that market crash coming along?

What crash is that?

HARK! said:
There was another time in a month of September that the market took a dive on a Friday, then crashed the following Tuesday.

I'm not sure you understand what a crash is.

HARK! said:
It will be interesting to see what happens on Tuesday. Gold and silver remained at all time highs this past Friday.

Markets have been at all-time highs too.

HARK! said:
The Chinese are dumping them.

You can buy that with gold too.

However I think that metals will continue to appreciate at a fast pace; and I believe that real estate is in a huge bubble that is fit to burst soon.

Affordable housing might be nice.

NxNW · 2025-10-12T11:32:40-0500

HARK! said:
I like the way that you think. I believe that gold is undervalued.

As gold is the primary monetary metal, for simplicity of a superficial calculation, let's pretend for a moment that the secondary monetary metal (silver) is out of the equation.

If we take all of the debt (fiat currency) in the world; and divide it by the number of ounces of gold in the world; we can begin to get an approximation of gold's true value per once.

Doesn't seem like a particularly useful number.

Hans Blaster · 2025-10-12T12:08:04-0500

NxNW said:
Doesn't seem like a particularly useful number.

There is a lot of dismissal of this newfangled eastern notion, but zero is a very useful number.

bèlla · 2025-10-12T12:19:46-0500

HARK! said:
Watch the video that i posted in my previous post to understand how constitutional money forces governments to exercise fiscal responsibility. No, understanding the relationship between sound money, and fiat currency, is not off topic when we try to comprehend why the little guy is getting squeezed as wealth is being consolidated by the few.

I understand money quite well and worked in the industry. But I never tell people what to buy in particular. I may mention the merits of an investment and that’s the end of it. I’m not going to debate or throw around terms. Personal finance is more complicated than buying gold. You have to factor in a lot of things including their risk tolerance. No one’s going to take financial advice on a site like this. There’s more reputable sources they can reference and should.

~bella

HARK! · 2025-10-12T15:23:16-0500

bèlla said:
I understand money quite well and worked in the industry. But I never tell people what to buy in particular. I may mention the merits of an investment and that’s the end of it. I’m not going to debate or throw around terms. Personal finance is more complicated than buying gold. You have to factor in a lot of things including their risk tolerance. No one’s going to take financial advice on a site like this. There’s more reputable sources they can reference and should.

I'm not offering financial advice. I'm encouraging folks to look past the scripted narrative, and to the explore truth of reality.

bèlla · 2025-10-12T15:28:06-0500

HARK! said:
I'm not offering financial advice. I'm encouraging folks to look past the scripted narrative, and to the explore truth of reality.

Most of the respondents are investors and you’re encouraging them to purchase gold. We have multiple pages on the topic. You know it’s the wrong crowd and best suited for X and preppers.

~bella

HARK! · 2025-10-12T15:28:49-0500

NxNW said:
Markets have been at all-time highs too.

Yes, they were at all time highs in October of 1929; and then they weren't.

NxNW said:
Affordable housing might be nice.

I agree. It's the suffering that leads up to that point that concerns me.

I'll be OK. It's others that I'm concerned about.

HARK! · 2025-10-12T15:33:52-0500

bèlla said:
Most of the respondents are investors and you’re encouraging them to purchase gold. We have multiple pages on the topic. You know it’s the wrong crowd and best suited for X and preppers.

~bella

That's speaking to the choir. Most preppers are aware of what is happening. I would pray that those who are unaware, are not completely caught off guard.

If they aren't interested in the information that I'm presenting; as shrewd investors, they might do well to invest their most valuable asset (their time) somewhere else.

bèlla · 2025-10-12T15:54:57-0500

@Richard T this is a tiny home development in Texas. He visited it a year ago and returned. I‘m including a few screenshots. He went inside several. Wow the thumbnail says it all. The house‘s width is a smidge more than the three of them combined.

MORE TINY HOMES IN TEXAS ARE SELLING OUT - IS THIS THE NEW AMERICAN DREAM OF HOME OWNERSHIP?

HARK! · 2025-10-12T18:06:10-0500

NxNW said:
I'm not sure you understand what a crash is.

I'll have to apologize. I didn't quite remember the timeline correctly; but it seems like you should have still been able to recognize what I was referring to.

It began on a Thursday, not a Friday.

NxNW · 2025-10-12T18:44:02-0500

HARK! said:
Yes, they were at all time highs in October of 1929; and then they weren't.

Past performance is no guarantee of future results.

NxNW · 2025-10-12T18:45:37-0500

HARK! said:
I'll have to apologize. I didn't quite remember the timeline correctly; but it seems like you should have still been able to recognize what I was referring to.

View attachment 371471

It began on a Thursday, not a Friday.

You asked how the crash was coming along, but I had no idea you were talking about something a century ago. I don't think it's coming along at all.

bèlla · 2025-10-12T23:49:42-0500

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Average consumer now carries $6,329 in credit card debt. 'People are stretched,' expert says

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