Economic Choices: Did I just buy the highest premium silver possible?

in CENT2 months ago (edited)

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The Bloody Raven needs wheels.

This is not my usual post but considering the Economics of the times, this month I had to be proactive and make a strategic financial decision. So, I brewed some tea, sharpened my pencil, and assessed my situation.

1837-1858 Japanese Samurai silver 8.6g

The loss of the old 2001 Honda Civic was a little surprise as I estimated it may have only a few years left in her. At 250k kms, she needed a new front end, suspension, has a minor oil leak, a transmission issue and now an engine rebuild for a blown head gasket.


It’s officially Run-into-the-ground. $4,000.00 CAD Minimum bill just to replace the engine alone. With my weakness in mechanics, you can bet the bill would get worse.

But with a little research, the old 2001 Civic is still worth $6,000 CAD by a special Recycling program.

Then that led to a Federal Incentive of $4,000 and then a Provincial Ecological Incentive of another $3,000 CAD BUT only towards the purchase of a new Electric Vehicle and the proper disposal and recycling of a qualified 2001 or older Internal combustion engine (ICE) auto providing it has been in service over the last year. And, just like that more than a quarter of the sticker price is scratched off.

As if that wasn't enough, I have recently paid off my home mortgage and thus frees up more than enough cash flow to cover the monthly payments.


It's still a bit of a calculated roll-of-the-dice buying into a new Electric Vehicle, but with real Inflation and literally zero interest rates, the buying power of my liquid Emergency savings are going to be clobbered. And the selling prices of new and used cars I will estimate 10% higher next year putting price further out and assuming these Incentive programs are still in place.

My real life model is based on my accumulated five year record of all my Grocery receipts, energy costs, and taxes. Something taught to me by Shadowstats.com because government Inflation figures never include the effect of energy and taxes in their hedonic calculations.

1893 Japan 1 Yen Meiji Small type 26

Things seem to fall into place even after the negotiations and legal hoops to jumps to make good this deal.


My kids needed a car to practice for their driver's license was one of my top concerns.

Next was My health when it took a turn down a few months ago and we have yet to determine the cause. What ever it is, I do not have the same stamina and energy I used to have. That blood pressure spike can't be good.

Errands and shopping is less frequent and I can be more productive without wasted time for public transportation and more time home.

Two weeks, 300kms and I used no more than $2.50 worth of Electricity. The old Honda Civic would have been $65 in Gas over the same time and miles/kms. And, both my sons think this is so cool.

50 grams of silver packaged into this 2021 Nissan Leaf

The Bloody Raven now has reliable and emissions free wheels!

So how did I get the figure 50 grams of silver? The figure is quoted from a publication dated January 12th, 2021 from The Silver Institute citing usage of silver from (ICE) Internal Combustion engines that require from 15 to 28 grams, Hybrid vehicles requiring 18 to 34 grams, and finally (BEVs) Battery Electric Vehicles that require from 25 to 50 grams of silver.
Here's an excerpt, the link is below.

Average vehicle silver loadings, which are currently estimated at 15-28 grams (g) per internal combustion engine (ICE) light vehicle, have been rising over the past few decades. In hybrid vehicles, silver use is higher at around 18-34g per light vehicle, while battery electric vehicles (BEVs) are believed to consume in the range of 25-50g of silver per vehicle. The move to autonomous driving should lead to a dramatic escalation of vehicle complexity, requiring even more silver consumption. Silver automotive demand this year is projected to be 61 Moz;... ~ Jan 12,2021 The Silver Institute.

Originally, silver Oxide batteries were used as an option for fuel storage with very high energy density properties but due to the costs and toxic nature of these batteries Lithium-Ion Batteries are employed in most current Battery Power Vehicle applications.

So, what special silver have you got stuffed in your garage?”

Thank you for dropping by my post today.



The #silverpornsaturday tag is one of many strategic tags hatched by none other than the TAG MASTER @silverd510 to take over all the social block chains one post at a time. Give into your metals desires and salaciously reveal your sexy silver porn.

A special Thanks to Nyssacat373 for the lovely Tea Service and Bat swag.💋

Sources & Cool Links

The Silver Institute: Silver Consumption in the Global Automotive Sector to Approach 90 Million Ounces by 2025
Do Electric Vehicles Make Silver the Investment of the Decade
Numista Japan; 1893 Japan 1 Yen Meiji Small type 26
2021 Nissan Leaf Specifications
John WIlliam's; Shadowstats

References

1. My own pictures shot with a Samsung SM-A530W
P. Image under Pixabay
R. Clip art from 123RF
W. W1. W2 Wiki Commons

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“Et lux in tenebris to serve laboro, sum sicarius” “I work in the shadows to serve the Light, I am an Assassin”

I am the Stackitis Nurse and not a Financial advisor!

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I am honored to be among the first passengers and as a driver in such a High tech car. its light years ahead of what I have driven. I know you have been planning something like this and your disciplined budgeting and no-frills lifestyle pays off, over the years you've learned well and "Now you are the Master/Mistress"
Cool dashboards! The center console controls are like a Space ship!
I guess you will offering rides instead of me offering you from now on.

PD

I'd say, "Make yourself at home PD." and I see you have already found the Reggae Music station setting already on the Sirius feed. Now if you can help me ditch the useless CNN station.

I am always indebted to you for your family's help over the years, or I wouldn't be here.

With Love KLR

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Nice car, sis.
Congratulations!
A truly a great buy.
All that research will pay off!

Hugs and Kisses 🥰🌺🤙!!

And being disciplined and consistent with my shopping over the last 6.5 years and actually see my buying power dwindle away.


This drawer represents 6 years of spending receipts.

Major expenses are in another file.

Just to get a better handle on the real Inflation.

Ignore the propaganda on the News.


A,W L 🤗 🌺 💖

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H A K 🥰🌺🤙!

Congrats on the new wheels! It is nice to have a reliable car again. 😃

Thank @dfinney , I hope your Mom is doing okay.

A few days ago I was finally able to pick up my Mom and took her out for Lunch, she complains that the Residence food is too bland. I thought the residence food is fine. I think her sense of taste has deteriorated as I observe her over season her meal with a variety of spicy condiments.

Then I took her for a long ride, she enjoyed the Air conditioning. Then We stopped by a familiar supermarket to shop for some fruit and vegetables to take back to her suite. I had to support her ambulating around the store. Can't take chances of her falling again.

She enjoyed our time out and she thinks she is living in another time in the past but that's okay, sometimes I tend to dwell on the good times in my past too.

Nice to hear from you again. 🌸

Oh I am so happy you and your mom got out for an adventure. Maybe you need to get her a little bottle of sirracha for her residence dining. 🔥

My mom is Ok. She was supposed to have another surgery this Monday, but she just isn’t strong enough yet. So we wait again.

It Ian nice to “see” you too! I always kind of lurk around but have really lost my posting mojo. 🤷🏻‍♀️

Peek-a-boo! 😝😜😎👍

👁 👁 👋🏻

Awesome, you are plucking all my heartstrings, cars, silver, electricity and of course sexy girls ❣💕💞

Oops did I say that aloud? 😋

Nice grab, and I didn't know they were that reasonable now! 👍👍👍👍

With Inflation and Gas prices going nuts and I not getting any younger this may likely be my only Chance to get reliable wheels and the best option with an Economic reset already cooked in the books. With Public and Private grants and incentives still available knocking off $13k off the sticker price. It was a Go!

Car repairs suck. Glad you decided on a new ride instead. Looks nice, good luck. I love how you passively put those beautiful silver pieces in the post. That 1893 coin is awesome. I need a closer look.

Here's your closer look.
!
Thanks for dropping in @silverd510

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That’s awesome thanks

Congratulations @kerrislravenhill, with the tax incentive you made a very wise choice, smart Lady!😀
You paid off your home mortgage....That is awesome, this is a major step toward financial freedom my friend!!🤗🤗

No Buyer's remorse here.
I often drive by the Gas station with the current price $1.69 CAD/litre = $5.18 USD/US Gal is my daily incentive.
With the Gas prices getting inflated too, we're at gas price ATHs already.
I can't imagine what the prices will be when we get the RESET!

Thanks for the drive by @silvertop

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Even before ATH your gas prices have been crazy expensive @kerrislravenhill... Enjoy your new ride my friend!!😀

Congratulations on your new car @kerrislravenhill! It's always fun to get to know your new car, plus I kinda like that new car smell (although I'm sure it's probably not good for you, lol)

Congratulations as well on paying off your mortgage! That spells "freedom" for sure! Take care sis and enjoy!💜🌻🤗

Thanks @elizabethbit the next stage is having a Solar Power supplemented Charging station but I just got a quote with a hair raising contract price but I can only find a $350 subsidy for the $15k CAD project.

I know that you guys are no strangers to Solar Power but it's great to know someone that has that interest. For now I will use my 110V household supply, and in pinch able to use my Inergy Solar Power generator to charge the car if the electrical grid goes down. Albeit slower.
It's all part of a Prepping plan.

Thanks for the Comment Sis!

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Hey @kerrislravenhill! We built our solar arrays one panel at a time. I don't know if you're handy electrically speaking, but that could be an option for you. If not, maybe a friend who is electrically handy? DIY dramatically reduces the cost of building it.

Take care and enjoy sister!😎🤗💜🌻

Congrats raven! No mortgage, no more pay at the pump — sounds like the beginning of an epic silver acquisition odyssey!!!
Rock on! 🤘😎

With Inflation more than 10% its not worthwhile keeping a whole lot of Liquid cash. Savings and GICs pay crap. But I still have to maintain a significant Emergency reserve. When my cash flow re-balances, I will continue adding to my stack of silver and other hard assets.

My plan to have a light frigate will have to wait.

Thanks for coming aboard Captain @thedamus ☠️⚓️🏴

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Congratulations @kerrislravenhill! You received a personal badge!

You powered-up at least 10 HIVE on Hive Power Up Day!
Wait until the end of Power Up Day to find out the size of your Power-Bee.
May the Hive Power be with you!

You can view your badges on your board and compare yourself to others in the Ranking

Check out the last post from @hivebuzz:

Hive Power Up Day - August 1st 2021 - Hive Power Delegation

Thanks for the Acknowledgment @hivebuzz
Looking forward to seeing the over all Community Results.

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You're welcome @kerrislravenhill, that's with a lot of pleasure! 😊🌹

This post has received a 100.00% upvote from @fambalam! Join thealliance community to get whitelisted for delegation to this community service.

Thank you @fambalam 😃

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I agree that paying off the mortgage is one of the fastest ways to financial security!

I paid off mine! Sweet! I started with a hybrid car and will be buying an electric one next. Even the hybrid has been saving me, I was shocked.

OMG... they had to drag my car away from me. I was getting my money out of it. over 237,000 miles and still running well. Then it got hit while sitting idle in a traffic jam.

Le sigh.

The old Silver Honda was 20 years old and could have ran a few more years if not for the Engine issue. The body and structure was sound with very little rust or visible damage. The decision to get a new car was timely in a sense and so we'll see if it continues as a blessing in disguise.

Hard to turn down a $6000 Recycling credit for a 20 yer old car that originally cost $1000. (Subject to strict conditions)

Thanks for dropping in @dswigle

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I think the last good deal I got was turning in an Explorer and got a wonderful credit. I could do it again! I love to keep cars until they drop, in the meantime, put asided money every paycheck into the car fund and then pay cash, all over again.

Boo! I didn't realize that the post was too old. :(