Who is getting richer and richer these days?
- Thread starter ziplock
- Start date
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Gary RV_Wizard
Site Team
I know it's not me [and that's all I need to know].
DonTom
Well-known member
Bernard Arnault, worth $233 billion.
I wouldn't take that if he offered it all to me. Would you?
-Don- Reno, NV
jymbee
Well-known member
That's an easy one. As usual, but even at an accelerated pace theses days, the rich are getting richer.
Skookum
Well-known member
- Joined
- Dec 19, 2018
- Posts
- 3,655
Oh, I'd take a billion or two if offered. Sure, why not?
Probably quite a few at the moment. Markets have been pretty good. We have noticed our retirement funds are growing faster this year than we are taking out of them. For a year or two that was not the case. Maybe we should give ourselves a raise. 
you bet, in 2016 i bought 450 oz of gold bars as an investment, current price indicates a 219% gain.Probably quite a few at the moment. Markets have been pretty good. We have noticed our retirement funds are growing faster this year than we are taking out of them. For a year or two that was not the case. Maybe we should give ourselves a raise.
DonTom
Well-known member
DonTom
Well-known member
Subtract the inflation rate since 2016 of 29.3%, but that is still a nice profit.
Gold price is $2,329.20 oz at the time of this post.
You have just over a million bucks in gold there.
I assume you have it in SDBs or you would not be bragging about it here.
I also have some gold (and silver), but nothing near a million bucks worth. I have had at least some of mine much longer, so I have even a larger gain than that 219%, but I am not counting inflation because it's all from several different years.
Many of mine are in $20.00 St. Gauden's Gold, which also have some numismatic value. Most graded & in PCGS holders.
BTW, I made a larger profit than I thought. I never checked the value for many years until just now.
-Don- Reno, NV
darsben
Well-known member
No raise, we will have to pay for it down the lineProbably quite a few at the moment. Markets have been pretty good. We have noticed our retirement funds are growing faster this year than we are taking out of them. For a year or two that was not the case. Maybe we should give ourselves a raise.
1stimerver
Well-known member
As long as we can make ends meet, I'm a happy camper..
With a million dollar windfall, I'd just get myself into some kind of trouble....
With a million dollar windfall, I'd just get myself into some kind of trouble....
NMDriver
Well-known member
- Joined
- Dec 3, 2018
- Posts
- 157
I must be getting richer, I am paying more in taxes. Some day I will be rich enough to not pay taxes.
DonTom
Well-known member
" . . . in this world, nothing is certain except death and taxes."
-Ben Franklin
spend it on motorcycles.. how about the goal of one for each week of the year ?
DonTom
Well-known member
More than one for every day of the week is more than enough. Unless I buy another house with a large garage to keep them.
If I had billions of dollars, or only just millions, then what would I do? Buy motorcycle shops? Too much work to even think about for me, I have been retired for ten years.
Glad not to have big money. Very comfy as is, being able to buy all the toys I want & then some as it is. Don't want much. I can somehow be happy with only my two houses, 11 motorcycles, two motorhomes, and a couple of EV cars and an old junky pickup truck that I almost never use.
-Don- Reno, NV
DonTom
Well-known member
Just buy a house with it. In CA, that would even make a good downpayment. . . At least on some houses.
-Don- Reno, NV
garyb1st
Well-known member
Define rich.
gwinger
Well-known member
As long as we can make ends meet, I'm a happy camper..
With a million dollar windfall, I'd just get myself into some kind of trouble....
Exactly. You will spend it on things you really don't need and then be in the same situation as when you started.
DutchmenSport
Well-known member
"
Well, it sure isn't me. I retired 2 years ago and my income level took a nose dive. Every now and then I'll buy a lottery ticket, but that doesn't seem to to work either. I can't fathom it that a 12 pack of 12 ounce Coca Cola can is now at $10. !!!!!! Unbelievable!!!! Nope, my finances are going the other direction! Ugg!!!!
Who is getting richer and richer these days?"
Well, it sure isn't me. I retired 2 years ago and my income level took a nose dive. Every now and then I'll buy a lottery ticket, but that doesn't seem to to work either. I can't fathom it that a 12 pack of 12 ounce Coca Cola can is now at $10. !!!!!! Unbelievable!!!! Nope, my finances are going the other direction! Ugg!!!!
DonTom
Well-known member
IMO, having more money than one knows what to do with.
IMO, many of us are rich.
However, according to Schwab’s 2023 Modern Wealth Survey, its seventh annual, Americans said it takes an average net worth of $2.2 million to qualify a person as being wealthy.
-Don- Reno, NV
