I just wanted to share some thoughts with the board.
I believe the US dollar is getting hollowed out and right now it has the most value it will ever have.
So how to respond?
Put things in savings accounts? With interest rates less than inflation that is like negative interest so no point to put $$ into bank accounts.
Buy Gold and Silver? yes that is one way and I have done that.
But also there are a hole bunch of other tangibles one may put their money in.
Under normal conditions I would probably hold off on replacing the tires on my Xterra (Hankook Dynapro ATM with 30000 miles on them).
Even though they dont look too bad I feel there is less of an incentive to save money now as it devalues in the bank.
So I will likely replace them soon. Either with the same tire of maybe spend a bit extra and go with Michelins.
I guess the point I am making is this
-Car prices have risen so your rides are now worth significantly more than they were a year ago. So they are more "deserving" of investing into keeping them good as replacing them will now be more expensive. (And as we said before the Pathfinder is hard to match anyway for the price as it is).
- Incidentally Nissan is still holding the Prices for the 2022 Pathfinders at bay. Despite being a recent redesigns they have not risen with the industry average despite the near universal glowing reviews.
Something to consider.
- Other long lasting items that will always have value are good tools, and firearms.
Quality revolvers, AR15s, ammunition will hold their value forever.
-It is only a matter of time until auto parts like tires, shocks etc will rise also. So maybe this is the time to replace those shocks or tires you been meaning to take care of but that are still kinda/sorta "OK".
I believe there is a disincentive now to leaving the money sitting in the bank.