Jan 4, 2016

Happy New Year!
Steve and Sinclair review the news on a day where the markets opened with a downward bang.
Nick Grovich stops in to talk about the precious metals outlook.
Steve reviews the difference a hundred years can make:
The average life expectancy for men was 49.6 years and for women 54.3 years. Today, at birth its 81.2 years females ; for males, it's 76.4 years, among the fastest growing age groups are the 80s and 90s
In 1916, fuel for cars was sold in drug stores only. Only 14 percent of the homes had a bathtub. Only 8 percent of the homes had a telephone, yet
eighteen percent of households had at least one full-time servant or domestic help.

Most women only washed their hair once a month and used Borax or egg yolks for shampoo.
Canada passed a law that prohibited poor people from entering into their country for any reason.

The population of Las Vegas, Nevada was 30.

A competent accountant could expect to earn $2000 per year.
A dentist made $2,500 per year. They charged $1.00 per filling.
A veterinarian made between $1,500 and $4,000 per year.
And, a mechanical engineer about $5,000 per year, twice the dentist

Which assets have never lost money in those 100 years?

Check out Mastering Money for details