Casey wrote: ↑
Mon Nov 06, 2017 7:31 pm
gold...[is]...not currently in a bubble.
I find this a very curious assertion. I'd have thought a bubble was defined by having the yield lower than some certain defined amount (internet company, value = a billion, yield = the bedsit-dwelling owner's social security check - classification, bubble). The point about that farmland and the oil companies is that 6 trillion in them yields hundreds of billions. 6 trillion in gold yields zero. But I'm no economist, so I won't speculate further. I have a vague idea the the entire diamond industry is a bubble and always has been, but the diamond cartels have somehow kept it afloat by dodgy means over the decades, mainly by restricting supply, I think.
Oh and I have assumed the OP has no consumer, student or other unproductive debt. Getting rid of that would be job #1 in my book.
Yes, people forget about this - a debt is a negative investment (and a very bad one), as the interest rate is always higher than if you are saving money. If you had a debt of 100,000 and you won 100,000, you'd be best off just sinking the lot in the debt, unless you can invest it at a better rate than you are paying for the debt,
1975 Calatayud y Gisbert, Yamaha CG131S.