John T. Reed’s news blog
Nickel is a buy and a better inflation hedge than gold or silver
Posted by John Reed on
So I keep saying gold is not an inflation hedge because it is gold; rather, it is an inflation hedge because it is a commodity. So here is a look at the long-term real average nickel price [USD/ton]. This is much better than gold or silver. The current price of nickel is $16,418 and the long-term real average price has been $19,956.20. As I said a couple of days ago, gold is now about double its long-term average real value; silver, the average price in February 2024 is $23.27 compared to a long-term real average of $20.18. In other words,...
Gold is now double its real long term average price. Sell.
Posted by John Reed on
From time to time, I calculate the long-term average price of gold. Notwithstanding idiots saying you can’t overpay for gold, you CAN overpay and you should not..The only measure I have come up with for telling when you are overpaying is the long-term real (adjusted for inflation) price. Below are the annual-end-of-year prices adjusted for inflation to 2024 dollars..As you can see, the long-term average, real (adjusted for inflation) price has been $1,131.68 since 1969. The current price is about double that. You should buy when a troy ounce of gold is BELOW that long-term average. Not now..The key basis...
REDDIT real estate investor leery of creepy agents want to lease his property
Posted by John Reed on
A REDDIT real estate investing group member asked this: . Anything to be weary of when leasing to two real estate agents?Renting my house to this agent couple. They mentioned they wanna buy it after but I was like hell no. This is a prime asset which is never gonna be let go. Is there anything to beware of with leasing a home in general vs condos etc? I just get a sneaky vibe from them. They seem too nice. It’s suspicious. Don’t want headaches after where they use ugly pressure tactics to make me sell to them Edit: Canada,...
A bunch of lawyer parents suing each other over Little League cheating.
Posted by John Reed on
Today’s WSJ has a front-page story about Little League cheating. My book Youth Baseball Coaching that explains how Little League coaches cheat—mainly by recruiting the fathers of first-round draft picks as assistant coaches thereby removing those players from the draft in leagues where that is allowed. Furthermore, I believe my book is the ONLY one that discusses cheating . The WSJ article makes it sound like maybe there was no cheating. . Bull! 1. The Little League rules are designed to insure parity of all regular season teams and parity among league post-season all-star teams. This is to be accomplished...
Profit from cosmetic rehab sought by a REDDIT reader is a myth
Posted by John Reed on
A REDDIT real estate investing group member posted this question:.Plan to buy a house that needs mainly cosmetic work with a FHA or conventional loan to put 3.5 - 5% down. Live in the house for 2 years while rehabbing. Then sell it avoiding any capital gains tax and use the profit and savings over two years for a 2-4 unit house hack. If market tanks then backup plan would be to rent it and buy another primary residence with savings over the two years, or just live in the house while saving money. The primary point of doin this...