Articles NewsFlow Gold & Silver Prices Market Briefing

Recevez notre Marketbriefing

In the same category

dom1971
Member since May 2012
90 commentaries -

0 followers

has posted a comment on the article :

What’s the Point of Owning All This Stuff?

- Dennis Miller - Casey Reseach

Completely agree. We still have boxes in the garage of "stuff" that we moved from the last house 5 years ago and they haven't even been opened.

I'd like to add that if any of this stuff is "tech" (TV's computers, phones, appliances etc etc.) then it VERY QUICKLY becomes obsolete junk. What was once "good stuff" quickly becomes "bad stuff" as we upgrade our devices like phones etc. If you don't sell the "old stuff" as soon as you can see its not being used then you may as well just throw it away.

If I'd sold my used PCs, laptops, phones etc. immediately when I upgraded then I could have made good money. Instead I've cluttered up the garage with boxes and watched a lot of that gear depreciate to nothing in a short time - waste of space, waste of effort (moving it), waste of money.

Then imagine some people paying more for new "stuff" when they would have been happy with used "stuff". Stuff that isn't on the market because everybody is hoarding "stuff". So wastage begets more wastage... and in the end more people have "new stuff" which then motivates yet more people to insist on "new stuff" because that's what everybody else has. A cycle of consumption and waste that the producers of these goods are all too happy to participate in.

Commented 3897 days ago

Send

Beginning of the headline :When my wife Jo and I decided to sell our home in Illinois, the first question we asked ourselves was, "What are we going to do with all our stuff?" Somehow our children, neighbors, friends, the Salvation Army, and a moving van would have to magically make it disappear sometime before we closed escrow at the end of the month. My many theories about stuff have proven to be true over the dozen or more homes I've lived in during the last 73 years. First off, no matter the size of the home, it's a... Read More

Reply to this comment

You must be logged in to comment an article

8000 characters max.

	RSS feed		24hGold Mobile
	Gold Data Center		Gold & Silver Converter
	Gold coins on eBay		Silver coins on eBay
	Technical Analysis		Fundamental Analysis