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Monday, July 2, 2012

Saving can be sexy as hell

By: Wes Messamore

Earlier today, I linked to my article at The Silver Underground entitled, "My Experience Buying Gold and Silver Bullion Coins Last Week" and published this morning as this week's "Money Monday" feature. But thinking it over, I think I left the wrong excerpt for you. Instead of the first two paragraphs, I should have shared the last two paragraphs, which have the most thought provoking idea and the part of the experience that I found most interesting:

I just found the coin shop by Googling for coin shops in my city online. They were super helpful and answered all the questions I had during our appointment. Storing the surplus value of your hard work in the form of inflation-proof metal rather than Bernanke’s funny money isn’t hard, intimidating, or cumbersome. At least it wasn’t in my experience. And I got more of a shopping “thrill” (I think I’ve heard it referred to as “retail therapy” in an episode of Gossip Girl) from saving my money in gold and silver than I’ve had from spending it on over-priced consumer items in a long time.

It made me wonder how hard it would be to take this love of shopping and this hording instinct Americans have misapplied to consumer electronics and Margaritaville brand margarita makers, and channel it toward shopping for and hording their own savings. Wouldn’t that be a neat trick? Give people the same thrill that consuming gives them while they’re actually saving? Maybe one reason people don’t save anymore is because it isn’t as fun as it used to be. Saving isn’t as sexy when you’re just dumping your paycheck into a bank to hold in some lame account. Last week while I was buying gold and silver, saving felt sexy as hell.

Read the whole article here.

Wes Messamore,
Editor in Chief, THL
Articles | Author's Page

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