Today, well yesterday about 15 minutes ago, was Thanksgiving here in America.
One of my two favorite holidays. Independence Day aka the 4th of July being my other favorite holidays.
Why?
Both are American holidays.
Neither require me to get a gift for people.
Both involve feasts of food.
Independence day is always great weather.
Thanksgiving is always right around rivalry week in college football.
Today I am thankful for King Dollar.
While King Dollar is going to die eventually, he is as strong as ever lately and looking to get stronger.
As a result, I haven't been buying many coins or gold or silver here in the US. My dollar buys more now in Europe and that is where I have been spending my coin money. I need to look into Canadian coins too. The Canadian Dollar has been crushed lately too.
While the US Dollar price of gold and silver look poor, they have held up well in regards to other currencies and oil. It really isn't precious metals being down as much as it is the dollar is up. Of course the opposite will be true when the metals do rise eventually, it will be more the dollar tanking likely than the metals rising.
Either way, my ounces still all weigh the same. That is the point of wealth, it just sits there. Wealth is nothing more than deferred consumption, probably why it is so rare anymore. If I wanted it to multiply, I would put the money to work in productive assets like small businesses or rentals or Wall Street.
The secret isn't in making as much as possible, though it certainly helps. The secret is in needing as little as possible from the world to thrive and be happy. Minimalism is the trend going forward for most of my fellow Americans whether we like it or not. Embrace it now while it is still your choice.
