Wat’s Carbon Water-N-Stuff Thread - Concepts In Iron And Wood!!!

[coati]

Serious beating? Can we even say that, or will the pansy-bois report us to Mommy?? Maybe they think that "precious metals" is code for "candy asses." Or firearms, or ammo, or Things That Hurt Their Widdle Feewers. I'm sure it's sad no matter how you slice it on Planet Lit Libturd, where Kammie is Prez'dent For Life.

^^^Without his imaginary straw soldiers to fight, Lit's own Islamic Anarchist would have no reason left to thump his chest on the interwebs.

It's so cute that Wat now limits his chest thumping to wimpy language.

Good boy!

 

[Rightguide]

The problem with this plan is that what you're really doing is sitting on an asset that has no value until you sell it.

Yes the market value of the commodity has increased but you're not actually in the market because you're not trading your assets. Until you do that your assets are, basically, of no value because you can't eat them or use them for shelter or your other needs.

You bought an item, put it on a shelf, and now talk about how it's gained value. Yet it really hasn't done that until you sell it. Which you won't do so the reality is that it's a liability instead of an asset. Worse, when you add in the associated costs of keeping that asset, it might even be a loss instead of a profit.

You could possibly leverage the perceived market value to gain cash without selling the asset but that increases the potential loss and raises the liability. Especially if the market trends down like it's doing now.

From a financial perspective, unless you're actively trading in the market, owning physical metals isn't much more than a talking point. It's the same as having a VanGough on the wall. It's not worth anything more than paint by numbers refrigerator art until you sell it. Depending on the market and your acquisition costs, the paint by numbers might even have a bigger profit margin.

Assets don't have to be edible to have value. You also can’t eat, treasury bonds, stocks, options, intellectual property, foreign currency, or most savings accounts (try chewing a debit card). Market value exists independent of liquidation. Assets are valued continuously, not only at the moment of sale. Are you saying my stock portfolio has “no value” unless I dump it today? Or, my pension has “no value” until retirement day? If unrealized value didn’t exist, balance sheets, net worth statements, collateral markets, and lending wouldn’t exist either. Holding assets is a strategy, not a failure to participate.

 

[Wat_Tyler]

You are not meant to live in a system that tells you who to be. you are meant to build spaces where you remember who you are.

~ Barbie the Welder



Yes, this, and more than this.


Freedom ain't free . . . .

 

[HisArpy]

Assets don't have to be edible to have value. You also can’t eat, treasury bonds, stocks, options, intellectual property, foreign currency, or most savings accounts (try chewing a debit card). Market value exists independent of liquidation. Assets are valued continuously, not only at the moment of sale. Are you saying my stock portfolio has “no value” unless I dump it today? Or, my pension has “no value” until retirement day? If unrealized value didn’t exist, balance sheets, net worth statements, collateral markets, and lending wouldn’t exist either. Holding assets is a strategy, not a failure to participate.

Let me put it this way; you bought gold a few yesterdays ago, held it long term until today, and then you sell it at today's prices.

Did you make a profit? You'll only know if you adjust today's currency valuation to reflect its adjusted value on the day you purchased your gold. Still think you made a profit? Did you deduct the amount of the cap gains tax, at TODAY'S rate, from your adjusted result because you have to pay it in today's money? What about the fees for the middle man?

No profit left? Welcome to the real world of finance. Where there are only 2 kinds of participants; the players and those who get played.

True assets have tangible value. Your credit card is a liability. As is your car, and everything else you mentioned, BTW. Assets bring value to the table when they're worth more than their liabilities. Your home, for example, is an asset because it has more tangible value than it's FMV. It comes with liabilities (insurance, taxes, etc) but it's value exceeds those things because it's more than just a house on a parcel of real estate. It's your home, your place of shelter and sanctuary from both storm and society. A place of solace when necessary as well as the security needed to bring peace of mind. Those things are tangible. They might not be physical, but they are tangible.

A bar of gold in the safe does none of those things unless you sell it. And the moment you do, everyone gets to put their hand in your pocket before you see any cash. Because the world of finance isn't what you think it is.

For instance, let's say you do what everyone tells you to do. You start an IRA/401K/employer retirement plan and contribute regularly like you're supposed to. Let's also say that by the time you reach the minimum retirement age, you have $1million in that account. After taxes, your acct is likely only valued at about $600-$650k. And you have to report that money to the IRS every time you make a withdrawal.

OTOH, had you put your retirement contributions into a NON pension investment acct, and paid the taxes on the cap gains yearly, you'd OWN your money completely and it would be equal to the value of your post tax IRA/401K/etc, assuming the same investments and returns. So the final value is a wash.

The second best part of not having a retirement acct is that you don't have to tell ANYONE ANYTHING when you draw on that account after your retirement. THE BEST PART is that you don't get dinged on your Soc Sec when they reduce your benefits $1 for every $2 of income over a certain level since your withdrawals aren't income, it's savings, versus your withdrawals from your IRA type account which IS considered income and hence taxable.

The nutshell of all of this is that the world of finance isn't designed for those who invest in it. It's designed to benefit the ones who control the system - the players. Who are almost never the ones who buy the product being sold. To do that they package their product to make it desirable. And people fall for it.

 

[DeluxAuto]

Are you saying my stock portfolio has “no value” unless I dump it today?

It currently has zero value to you, but is making other people money.

Hope that helps

 

[Wat_Tyler]

Many 1911 "deals" have shown up in my inbox over the last few weeks. Oddly enough, the several that I bought over the summer were at lower prices than these.


Imagine my heartbreak . . . .

 

[Wat_Tyler]

 

[Wat_Tyler]

 

[Wat_Tyler]

Even though the training in ethics takes many forms, the ethics of abandoning the ten non-virtues is their basis. Of the ten non-virtues, three pertain to bodily actions, four to verbal actions, and three to mental actions.

The three mental non-virtues are:

1. Covetousness: thinking, "May this become mine," desiring something that belongs to another.

2. Harmful intent: wishing to injure others, be it great or small injury.

3. Wrong view: viewing some existent thing, such as rebirth, cause and effect, or the Three Jewels*, as non-existent.

The opposite of these ten non-virtues are the ten virtues, and engaging in them is called the practice of ethics.

*The core of Buddhism: Buddha, his doctrine (Dharma), and the Spiritual Community.

~ From "The Pocket Dalai Lama,"



Like vanishing dew, a passing apparition or the sudden flash of lightning -- already gone -- thus should one regard one's self.

~ Ikkyu

 

[HumpDayHoratio]

 

[Brains_N_Boobs]

 

[Wat_Tyler]

 

[Wat_Tyler]

Wat hereby resolves to continue to purchase a case of ammo per month because he can.



This is my yearly reminder to myself and to anyone else who will listen that there is no resolution that, if kept, will make you more worthy.

~ Teh Priestess

 

[HisArpy]

I'm thinking of selling all my woodworking equipment this spring. I have a full shop I haven't done anything with for a decade so it's at the "if you haven't done anything with it for a decade, it's time to let it go" stage.

That and I don't want to haul it when I downsize the house.

 

[Wat_Tyler]

I'm thinking of selling all my woodworking equipment this spring. I have a full shop I haven't done anything with for a decade so it's at the "if you haven't done anything with it for a decade, it's time to let it go" stage.

That and I don't want to haul it when I downsize the house.

I can't agree more. If you haven't used it since Obama, then it's time to let it go.


See, I worked Obama into my post to trigger the triggered - and it ain't even political.


Unless woodworking (and tools in general) is racialist.


I rearranged some stuff this afternoon, and some things made it to the shitcan because it was determined that they belonged there.

 

[HisArpy]

The problem is that there's this property in Nor Cal which is right next to this HUGE-o-mongous lake and building a wooden runabout would be kinda cool to do/have/sell/repeat.

Like this one...

Or this one...

Or one of the many others out there.

 

[coati]

The problem is that there's this property in Nor Cal which is right next to this HUGE-o-mongous lake and building a wooden runabout would be kinda cool to do/have/sell/repeat.

Like this one...

Or this one...

Or one of the many others out there.

Dreams about hand-building a speed boat for your future northern California utopia?

It sounds like your pain pills are talking again, Harpy.

 

[Wat_Tyler]

The problem is that there's this property in Nor Cal which is right next to this HUGE-o-mongous lake and building a wooden runabout would be kinda cool to do/have/sell/repeat.

Like this one...

Or this one...

Or one of the many others out there.

I can in all sincerity tell you that I have never wanted a boat and especially have never wanted to build a boat. i'm too close to this lake here that i'll get away with not owning a boat for that much longer, but I'll postpone it as long as possible. even then, it'll be prefab/store-bought/used.

 

[Rebel5soul]

A Christmas story.

 

[Wat_Tyler]

A Christmas story.

Yes we did!!!

 

[Rebel5soul]

As I said before, he should be played in school history classes.

 

[Wat_Tyler]

Something that is history at all needs to be presented, instead of the editorial mind-numbing horse shit present as "fact."

 

[Rebel5soul]

He makes it interesting, you can bet the kids would pay attention.

 

[HisArpy]

Dreams about hand-building a speed boat for your future northern California utopia?

It sounds like your pain pills are talking again, Harpy.

dudly, you have no idea what skills/abilities I possess because you don't pay attention to what's right in front of your face. Instead you dream that your fantasy internet superiority actually exists when it's really nothing but gas bubbles floating up to the top of the cesspit you exist in.

Nor are you aware what my future plans are because you're not privy to them.

Instead, you masturbate to the sound of the voices echoing inside your impenetrably thick skull and convince yourself that you make a difference when, in reality, you don't and never have.

Good luck with that.

 

[HisArpy]

I can in all sincerity tell you that I have never wanted a boat and especially have never wanted to build a boat. i'm too close to this lake here that i'll get away with not owning a boat for that much longer, but I'll postpone it as long as possible. even then, it'll be prefab/store-bought/used.

I don't really want a boat either. What I want, is something to do that isn't 9-5 and won't conflict with the time my writing requires.

Maybe I'll build an airplane instead. A biplane. Maybe a Hatz or Starduster Too.

Completion of any of them is optional.