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The premium fluctuates, it can certainly come back down. I purchased PSLV at a 4% premium to the NAV. I sold it when the premium was around 20%, and put the money in my Bullion Vault account, and purchased silver bars. If you are holding PSLV, I would sell immediately to take advantage of the premium. You could even buy silver eagles with a much smaller premium.
I just purchased a new GE Heat Pump Water Heater. It saves me 2500 KWH a year. It will also allow me to put the water heating on my battery backup, so we can have hot water during power outages. By the way they are on sale at Lowes for 33% off until 10-5.
Next up is to upgrade my battery backup to run everything in the house during power outages. The recent floods exposed some of my weakness in this area.
and well are solar. we farm and also use a portable solar system which follows the beeves for drawing water. one such system which is not portable is this http://www.simplepump.com/. send me a PM,as i despise typing, and i’ll gladly answer questions concerning water.
I have a simple hand pump on my well, and every Spring when I try to pump water it is bound up. I have to take it completely out, and that I think releases the ball valve. I think it gets stuck. Have you ever heard anything about this? Is there an easier fix or prevention?
I agree with you 100%. You are never finished, it just becomes a way of life, and eventually you come to enjoy it. This past week I did the following:
1. Tended the chickens (Got my first eggs! They are only 19 weeks, but are laying great brown eggs already)
2. Made watermelon & grape juice (A juicer is great for getting the seeds out)
3. Made sun dried tomatoes, and put in long term storage (Ok dehydrator dried tomatoes)
4. Made a bunch of roasted veggies & potatos. (My wife and I make a huge amount from our produce for the work week)
5. Picked raspberries (I think we will get a week or so more of berries, but they are slowing now.)
6. Planted some fall crops (Kale, Onions, lettuce, broccoli, cauliflower)
I still need to………..
2. Take back a couple of LED lights that are malfunctioning
3. Make more food and preserve our harvest
4. Clean out the coop, especially the nesting boxes (I don’t want the chickens laying elsewhere)
A couple of years ago, I thought very hard about an MBA with a sustainability and RE concentration. Ultimately, I decided that it would be a waste of my time. These were the negatives that led me to scrap the idea:
-There are tons of MBA’s out there looking for a job, a dime a dozen comes to mind
– Even with the concentration in sustainability, less than 25% of the coursework actually had any sort of sustainability bent.
-After reviewing the course descriptions, and running my own business’ for 15 years, I felt that it was not going to teach me anything useful that I could not or have not already learned by doing
-In my opinion an MBA is just a check box to allow you the possibility to get hired by a large corporation
-College is way overpriced
-Please don’t take out any loans to do it, as school loans are non-recourse. They cannot be discharged in bankruptcy
******Having said all that, I think it is great that you are being proactive in your career. We have too many paper pushing MBA’s already, but you might want to consider something where your skills will really be needed. Maybe a Masters of Science in RE. Most of the coursework is math & science related. Or maybe chemical, mining, or petroleum engineering. We have a shortage of engineers in these fields.
I was thinking about a consult as well. I have been a paid member for awhile now, and wonder if he would tell me anything that I haven’t read from him before? By the way I read Chris’ book, and the end does make some predictions on possible scenarios that may help you to get an idea of what he see’s as possible or probable in the future. Great book.
I think its ironic that whomever posted this on YouTube titled it:
Steve Leeb Points Out The Fallacies of Peter Schiff’s Senseless Liquidationist Theories
I think history speaks for itself here. I’m curious as to why you value Leebs judgement.
Yeah, he looks like a hyperactive moron on the video, but he’s really not good on TV. It’s also impossible to know if his point was wrong, given that we don’t know how things would be w/o the bailout. Having said that, I was against, but if the bailout kicked the can down the road and allowed me more time to prepare, then maybe it was for the best. If you haven’t read any of his books, they are right on the money. I am in total agreement on his thesis on the interconnection of commodities and future shortages. His book “Game Over” is really interesting.
I’ve read a couple of Schifff’s books as well, and I agree with a lot of what he has to say. Of course everyone made a big deal about how horribly Schiff’s clients did in 08′. Ultimately, as much as I like Peter Schiff, I think he underestimates peak oil and the shortages in commodities we are facing. I get the impression from him that the free market with small gov’t will fix all after some pain. I’m all for small gov’t, but free market capitalism will not put fish back in the ocean, oil and minerals in the ground, or topsoil back where it belongs.
All in all, I feel that he understands the dire situation we are facing in regard to natural resources better than any other advisor I have come across. (I am sure someone else is better, but this is my point of view) His fund gives me exposure to those resources.
I have some of my assets allocated to LCM’s “Peak Resources” fund. It has individual stocks in commodity based companies such as: gold and silver miners, bullion, oil and gas producers, coal producers, rare earth miners, etc…
I don’t know if these would be first, Sager and Pinecarr beat me to some of the really good ones:
1. The stock/ bond market is the path to wealth/ retirement.
2. My pension/ social security will always be there.
3. Gasoline always available.
4. My personal favorite, Technology will save us, fix our problems, and perpetually entertain us!
Your welcome. Your comments are absolutely correct in my opinion. I came about it the hard way, but you are right about the limits being set by others. Sometimes I feel like I am watching my entire family standing on railroad tracks saying, “Look at the pretty light!” I am on the sideline trying to coax them off the tracks, but they are enjoying the lights. I could go on the tracks and physically remove them, but is there enough time, or do I get hurt in the process?