/biz/ - Business & Finance

Yay, lads. I got a new job!
And - among other things - I get paid to handle silver!
But, holy shit, IQdelete is right. Them premiums, man.
https://www.carlroth.com/com/en/silver/silver-wool/p/9373.1
106€/10g, that's about 300€ an ounce! (And I've also seen it at another seller for 200€/10g)

Or, to give it a more positive spin:
I'm working in the friggin future! Silver's 300€ an ounce! I'm rich, bitch!

>>55659180
>The interest rate on your loan is designed to screw you out of that happening. You could still get that result if inflation goes well beyond what that interest rate accounts for, but that requires crazy high inflation, your loan terms/regional law not allowing the rate to be changed for any reason,
As far as I understand it, there's two models:
flexible rate (which now is fucking over quite a lot of people, who signed up for 0% financing (which now is much higher…)) and a fixed rate, which never was 0, but can't be changed. But before I sign up for anything, that's def something I need to be certain about. If that'd be the case, I for one would welcome inflation.
>Tons to think about.
Indeed
>but rates are especially shit right now.
Well, compared to what used to be normal just not that long ago, single digit rates are still quite low. double digits used to be normal. But on the other hand, wages used to be much better and houses much cheaper. I've got like 250k€ available, and looking at houses, that's like, nothing. WTF?
>Owning anything you can is probably still a good idea if you can afford it long-term, but your timing may not be favorable.
At least I already own some farmland…(for the memes!). Guess I'll wait how the situation develops for a year or two. I'm already fucked, so can't get much worse, but maybe it gets better. Due to
>flexible rate (which now is fucking over quite a lot of people, who signed up for 0% financing (which now is much higher…))
it seems like quite a few folks have to sell their houses at a loss which is lowering prices a bit (still way too go).