Niko

The Truth About Personal Savings and Debt Levels

You can not eat brick. Ok, so you say a house can appreciate. I have two of them. Yes they did appreciate. The problem is, where do I stay? Because none if them is in the city I work. And assets can go down. Event gold can go down. And up. Cash is king for a reason, and if it regains the throne any time soon, you will find out that those assets are nothing. Banks need money. Period. They are not real estate something, or broke dealer, or whatever. They deal with cash. You may hold all the land in the world and still starve.

Actually ancient Greek had a great story. A king loved gold. And he was cursed that everything he touched turn into gold. He died of hunger. That's exactly the essence of your story.

Diversify, bla bla bla. Want a piece of advice? Work, better yourself, find a good wife, when you are old and tired go to a cheap place, read all the books you couldn't, play with your grand children. Trust me, if you are not rich, doesn't mean you can't be happy. And life doesn't mean a big plasma TV, or a BMW. My grandma' doesn't have any of them, and she has the best life I could wish to myself. She still has a purpose and us.