What We Learned At The Neighbor’s BBQ
We had our annual “neighbors on NE 32nd Avenue between Knott and Brazee” barbeque last night. I was amazed at the talent on the street. I learned about some of the home history of NE Portland and Irvington from our local architect. I learned that another neighbor is building sets here in Portland for the new NBC thriller “Grimm,” a salty, gritty cop show featuring stories from the Grimm fairy tales. I learned that we have a vintner on the street, whose winery is in Walla Walla.
We have two women including my wife involved in the furnishings industry. We have a master Scrabble player as a neighbor, an ex-cop and beautician, both golfers and a man involved with wind turbines. I also learned that the rental market for homes in our neighborhood is hot, hot, hot!
Bev and I have wondered if we took off for six months to Mexico, how would we maintain two residences without spending a lot of money. Turns out a one year lease on our house would solve our problem.
I also learned that some neighbors remember that I recommended purchasing Gold several years ago and said what a great call. I said it wasn’t too late to get on the train. Both Gold and Silver, IMO, have a long way to go. Just today Egon von Greyerz at GoldSwitzerland when asked if it was too late to buy Gold responded,
The answer to the above question is a categorical NO. Virtually no major investor group has participated in gold’s spectacular rise. In spite of a seven fold increase in the gold price, only circa 1% of world financial assets are invested in gold.
And look at this chart. What has fueled the advance in Gold isn’t near ending, it’s just getting worse.
Silver seems ready to run back to the recent $50 high. I suspect we will look back on Silver in a few years and marvel at the gains from here.
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