{"id":86280,"date":"2025-02-15T01:00:04","date_gmt":"2025-02-15T09:00:04","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=86280"},"modified":"2025-02-18T11:10:22","modified_gmt":"2025-02-18T19:10:22","slug":"black-coffee-15-feb-2025","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id86280-black-coffee-15-feb-2025.html","title":{"rendered":"Black Coffee: Plugged Nickels &#038; Pretty Pennies"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-51224\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2018\/10\/hurricane-flags.jpg\" alt=\"\" width=\"250\" height=\"240\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2018\/10\/hurricane-flags.jpg 404w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2018\/10\/hurricane-flags-300x287.jpg 300w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><em>It&#8217;s time to sit back, relax and enjoy a little joe<\/em> &#8230;<\/p>\n<p>Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what&#8217;s been going on in the world of money and personal finance.<\/p>\n<p>Well &#8230; another busy week is behind us. So with that in mind, let&#8217;s get this party started!<\/p>\n<blockquote><p><em>You can&#8217;t help a friend by putting coins in his pockets if he&#8217;s got holes in them.<\/em><\/p><\/blockquote>\n<p style=\"text-align: right;\"><strong>&#8211; Elizabeth Bowen<\/strong><\/p>\n<p><strong>Credits and Debits<\/strong><\/p>\n<p><span style=\"color: #ff0000;\"><strong>Debit:<\/strong><\/span> Did you see this? A trip to a Disney theme parks is more expensive than ever; the cheapest one-day, one-park ticket for Disneyland ranges from $104 to $206 depending on the day. <em><strong>We know<\/strong><\/em>; you\u2019ve heard this before &#8211; but it just keeps getting more absurd. For example, <em>SFGate<\/em> priced <a href=\"https:\/\/www.sfgate.com\/disneyland\/article\/fears-disney-parks-price-hikes-middle-class-report-20157300.php\" target=\"_blank\" rel=\"noopener\">a three-day vacation<\/a> in June for a family with two children under the age of 10. At $531 per night for Disneyland\u2019s cheapest hotel and four basic three-day, one-park per day tickets, the cost was $3500 &#8211; <em><strong>not<\/strong><\/em> including food, transportation, and souvenirs. It also doesn\u2019t include Disney&#8217;s $400 line-skipping service &#8211; <em><strong>per person<\/strong><\/em>. Uh &#8230; yeah no.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-86304\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-0-3-1024x440.png\" alt=\"\" width=\"540\" height=\"232\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-0-3-1024x440.png 1024w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-0-3-300x129.png 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-0-3-768x330.png 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-0-3.png 1220w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-86305\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-0A-1-1024x925.png\" alt=\"\" width=\"540\" height=\"488\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-0A-1-1024x925.png 1024w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-0A-1-300x271.png 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-0A-1-768x694.png 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-0A-1.png 1220w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-86306\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-0B-1024x235.png\" alt=\"\" width=\"540\" height=\"124\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-0B-1024x235.png 1024w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-0B-300x69.png 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-0B-768x176.png 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-0B.png 1220w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-86290 aligncenter\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-3A-1-1024x233.png\" alt=\"\" width=\"540\" height=\"123\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-3A-1-1024x233.png 1024w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-3A-1-300x68.png 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-3A-1-768x175.png 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-3A-1.png 1238w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-86291\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/EVERYTHING-1024x717.png\" alt=\"\" width=\"540\" height=\"378\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/EVERYTHING-1024x717.png 1024w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/EVERYTHING-300x210.png 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/EVERYTHING-768x538.png 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/EVERYTHING.png 1400w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><span style=\"color: #ff0000;\"><strong>Debit:<\/strong><\/span> Meanwhile, back in the real world, the price of car insurance premiums climbed an average of 15% in 2024, with American drivers now shelling out an average of <a href=\"https:\/\/www.foxbusiness.com\/economy\/car-insurance-rates-soared-2024-drivers-states-pay-most\" target=\"_blank\" rel=\"noopener\">$2313 annually<\/a> for full coverage. Both Maryland and New York had the biggest percentage increases last year (53% each), with annual full-coverage car premiums of $4060 and $3804, respectively. Hmm. That doesn\u2019t sound like the machinations of a smooth-running economy to us. By the way, here&#8217;s another machine that&#8217;s <em><strong>anything<\/strong><\/em> but well-oiled \u2026<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/OxmQU9Dvb7c?controls=0\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><span style=\"color: #ff0000;\"><strong>Debit:<\/strong><\/span> Then again, at least most people never have trouble finding somebody willing to sell them car insurance. If you believe Fed chair Jerome Powell, he believes that, &#8220;10 or 15 years, there are going to be regions of the country where <a href=\"https:\/\/finance.yahoo.com\/news\/powell-predicts-a-time-when-mortgages-will-be-impossible-to-get-in-parts-of-us-190820841.html\" target=\"_blank\" rel=\"noopener\">you can\u2019t get a mortgage<\/a>,\u201d noting that banks and insurance companies have been pulling out of coastal and fire-prone areas they now deem to be far too risky. Then again, in many cases these same companies refuse to pay out any claims on their policies anyway &#8211; or at least they don&#8217;t without a long painful fight.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-86331\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-33-964x1024.png\" alt=\"\" width=\"540\" height=\"574\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-33-964x1024.png 964w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-33-282x300.png 282w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-33-768x816.png 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-33.png 1218w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-86332\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-34-1024x770.png\" alt=\"\" width=\"540\" height=\"406\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-34-1024x770.png 1024w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-34-300x226.png 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-34-768x578.png 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-34.png 1244w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><span style=\"color: #ff0000;\"><strong>Debit:<\/strong><\/span> On the other hand, who needs home insurance if you can\u2019t afford a mortgage in the first place? We say this because a new survey is out that reveals Americans are growing <a href=\"https:\/\/finance.yahoo.com\/news\/consumers-might-finally-be-accepting-higher-for-longer-mortgage-rates-153207313.html\" target=\"_blank\" rel=\"noopener\">increasingly pessimistic<\/a> that housing affordability conditions are going to improve anytime soon. In fact, a growing share of Americans expect home prices, rent prices, and mortgage rates will all go up in the coming year. Not that many can afford one now &#8230;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-86292\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-4-1-694x1024.png\" alt=\"\" width=\"540\" height=\"797\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-4-1-694x1024.png 694w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-4-1-203x300.png 203w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-4-1-768x1134.png 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-4-1-1040x1536.png 1040w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-4-1.png 1222w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-86293\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/EXPENSIVE-HOUSE.png\" alt=\"\" width=\"540\" height=\"357\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/EXPENSIVE-HOUSE.png 1006w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/EXPENSIVE-HOUSE-300x199.png 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/EXPENSIVE-HOUSE-768x508.png 768w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><span style=\"color: #008000;\"><strong>Credit:<\/strong><\/span> Turning to macroeconomics, the sagacious macro analyst <a href=\"https:\/\/the-moneychanger.com\" target=\"_blank\" rel=\"noopener\">Franklin Sanders<\/a> observed this week that, &#8220;Most people don\u2019t grasp the point of investing in gold or silver because their numeraire is the US dollar (USD) &#8212; they value everything in USDs. Problem is, inflation is continuously devaluing the USD, so trying to measure value over time in USDs is like trying to shoot skeet off the back of a bass boat in a storm.&#8221; He can say that again. By the way, if anyone here was still wondering what the heck &#8220;sagacious&#8221; means &#8211; well &#8230; now you know.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-86294\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-5-1-823x1024.png\" alt=\"\" width=\"540\" height=\"672\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-5-1-823x1024.png 823w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-5-1-241x300.png 241w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-5-1-768x956.png 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-5-1.png 1220w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-86333\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-35-946x1024.png\" alt=\"\" width=\"540\" height=\"585\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-35-946x1024.png 946w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-35-277x300.png 277w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-35-768x831.png 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-35.png 1404w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><span style=\"color: #008000;\"><strong>Credit:<\/strong><\/span> To prove his point about the futility of comparing prices of goods in USDs over long periods of time, Mr. Sanders provides the following example: The median US house price on 31 December 2000 was <a href=\"https:\/\/fred.stlouisfed.org\/series\/MSPUS\" target=\"_blank\" rel=\"noopener\">$172,099<\/a>. When 2024 ended the median house price was $419,200. In USDs the price has increased 144% &#8211; which pleases homeowners who bought at the turn of the 21st century while simultaneously frustrating first-time homebuyers who are unable to cope with the current housing affordability problem. Or should we say, just the ones who hold their savings in USDs. Oh \u2026 and speaking of not coping &#8230; (Wait for it!):<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/FTDA_VUlRnM?controls=0\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><span style=\"color: #008000;\"><strong>Credit:<\/strong><\/span> While the median US house price climbed 144% in 24 years, Mr. Sanders gives us the rest of the story: &#8220;Hold it right there!&#8221; he implores. &#8220;Now let\u2019s price the house in gold and see what\u2019s happened. With gold at $272 on the last day of 2000, that house cost 633 ounces. With gold at $2629 the last day of 2024, the house cost 159 ounces; a 72% loss in 24 years. <em><strong>That<\/strong><\/em> is the reason you buy gold: To preserve the purchasing power of continuously depreciating dollars.\u201d Indeed it is \u2026 because we <em><strong>all<\/strong><\/em> know that the federal government that&#8217;s entrusted with responsibly <a href=\"https:\/\/usdebtclock.org\/\" target=\"_blank\" rel=\"noopener\">spending fiat USDs<\/a> certainly has no interest in doing so.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-86295\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-2-2-751x1024.png\" alt=\"\" width=\"540\" height=\"736\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-2-2-751x1024.png 751w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-2-2-220x300.png 220w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-2-2-768x1047.png 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-2-2-1127x1536.png 1127w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-2-2.png 1216w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-86334\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-36-1024x611.png\" alt=\"\" width=\"540\" height=\"322\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-36-1024x611.png 1024w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-36-300x179.png 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-36-768x459.png 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-36.png 1122w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><span style=\"color: #008000;\"><strong>Credit:<\/strong><\/span> Speaking of high prices, we see that President Trump has directed the Treasury Department to <a href=\"https:\/\/www.usatoday.com\/story\/money\/2025\/02\/10\/how-much-cost-make-penny-trump\/78383740007\/\" target=\"_blank\" rel=\"noopener\">stop minting new pennies<\/a>, citing the rising cost of producing the one-cent coin. How expensive is it? Well \u2026 the US lost $85 million last year to produce nearly 3.2 billion pennies. That\u2019s because every penny currently costs 3.7 cents to produce. In other words: The USD has become so devalued that a penny doesn&#8217;t even buy a penny anymore.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-86328\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-32-1024x960.png\" alt=\"\" width=\"540\" height=\"506\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-32-1024x960.png 1024w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-32-300x281.png 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-32-768x720.png 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-32.png 1218w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-86327\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-31-1024x1003.png\" alt=\"\" width=\"540\" height=\"529\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-31-1024x1003.png 1024w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-31-300x294.png 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-31-768x752.png 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-31.png 1178w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><span style=\"color: #ff0000;\"><strong>Debit:<\/strong><\/span> Somewhat ironically, the Treasury lost even more money in 2024 minting nickels than pennies: $123 million, to be exact. In fact, today the Treasury <a href=\"https:\/\/www.cnn.com\/2025\/02\/10\/business\/costs-of-pennies-and-nickels\/index.html\" target=\"_blank\" rel=\"noopener\">loses 8.7 cents<\/a> on every nickel the mint produces. Does anybody else see the trend here? One can only imagine how much money the US Treasury would be losing if it was still producing <em><strong>silver<\/strong><\/em> dimes, quarters, half-dollars and dollars.<\/p>\n<div id=\"attachment_86321\" style=\"width: 550px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-86321\" class=\"wp-image-86321\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-28-795x1024.png\" alt=\"\" width=\"540\" height=\"696\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-28-795x1024.png 795w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-28-233x300.png 233w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-28-768x989.png 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-28.png 812w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><p id=\"caption-attachment-86321\" class=\"wp-caption-text\">The US government&#8217;s price to produce a penny, nickel, dime and quarter between 2004 and 2024. Source: <em>Washington Post<\/em><\/p><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-86325\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-30-721x1024.png\" alt=\"\" width=\"540\" height=\"766\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-30-721x1024.png 721w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-30-211x300.png 211w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-30-768x1090.png 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-30-1082x1536.png 1082w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-30.png 1178w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-86323\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-29.png\" alt=\"\" width=\"540\" height=\"531\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-29.png 996w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-29-300x295.png 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-29-768x756.png 768w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><span style=\"color: #008000;\"><strong>Credit:<\/strong><\/span> On a somewhat related note, the new US Treasury Secretary, Scott Bessent, pledged to \u201c<a href=\"https:\/\/archive.ph\/h7F5T#selection-2403.41-2403.174\" target=\"_blank\" rel=\"noopener\">monetize the asset side<\/a> of the US balance sheet.\u201d This, in turn, has increased speculation around the globe that a gold revaluation &#8211; or, more accurately, a USD devaluation &#8211; is coming in the near future.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-86296\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-0-2-998x1024.png\" alt=\"\" width=\"540\" height=\"554\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-0-2-998x1024.png 998w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-0-2-292x300.png 292w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-0-2-768x788.png 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-0-2.png 1220w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<div id=\"attachment_86318\" style=\"width: 550px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-86318\" class=\"wp-image-86318\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-27-1024x655.png\" alt=\"\" width=\"540\" height=\"345\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-27-1024x655.png 1024w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-27-300x192.png 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-27-768x491.png 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Untitled-27.png 1048w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><p id=\"caption-attachment-86318\" class=\"wp-caption-text\">Yes; the increase in the USD price of gold has been incredibly strong over the past few years, but does that suggest it&#8217;s finally running out of steam? Considering the current state of our debt-based fiat monetary system, we don&#8217;t think so. (h\/t: @vulehoangbao)<\/p><\/div>\n<p><span style=\"color: #008000;\"><strong>Credit:<\/strong><\/span> Of course, the big question is: If there <em><strong>is<\/strong><\/em> a gold revaluation in our future, what price will the world\u2019s central banks ultimately settle upon? Well &#8230; one way to determine that is by dividing the weight of all the central bank foreign currency reserves by the amount of gold they claim to be holding in their vaults. Currently, that figure is <a href=\"https:\/\/kingworldnews.com\/james-turk-says-golds-price-target-is-now-a-jaw-dropping-10902\/\" target=\"_blank\" rel=\"noopener\">almost $11,000<\/a>. Needless to say, if the central banks are holding <em><strong>less<\/strong><\/em> gold than they claim, then the yellow metal&#8217;s \u201cfair price\u201d is even more undervalued than the following chart indicates.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-86297\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/GOLD-FAIR-PRICE-1024x554.png\" alt=\"\" width=\"540\" height=\"292\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/GOLD-FAIR-PRICE-1024x554.png 1024w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/GOLD-FAIR-PRICE-300x162.png 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/GOLD-FAIR-PRICE-768x416.png 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/GOLD-FAIR-PRICE-1536x831.png 1536w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/GOLD-FAIR-PRICE.png 1722w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-86298\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-1-2-1024x93.png\" alt=\"\" width=\"540\" height=\"49\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-1-2-1024x93.png 1024w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-1-2-300x27.png 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-1-2-768x69.png 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-1-2.png 1216w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-86299\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-1A-2-1024x475.png\" alt=\"\" width=\"540\" height=\"250\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-1A-2-1024x475.png 1024w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-1A-2-300x139.png 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-1A-2-768x356.png 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/TWEET-1A-2.png 1216w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-86300\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/WAKE-UP-CALL-1014x1024.png\" alt=\"\" width=\"540\" height=\"545\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/WAKE-UP-CALL-1014x1024.png 1014w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/WAKE-UP-CALL-297x300.png 297w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/WAKE-UP-CALL-150x150.png 150w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/WAKE-UP-CALL-768x776.png 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/WAKE-UP-CALL.png 1016w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><span style=\"color: #008000;\"><strong>Credit:<\/strong><\/span> Now you know why metals analyst Chris Powell of GATA reminded us this week that, &#8220;<a href=\"https:\/\/goldseek.com\/article\/london-gold-shortage-just-tariff-scare-or-something-more\" target=\"_blank\" rel=\"noopener\">rising demand<\/a> for metal (from) Asia. Russia, China, and the BRICS countries have been openly contemplating building gold into a new international trade currency system to escape from the seemingly infinite financial derivatives with which the US has been rigging markets and creating infinite imaginary supplies of gold and silver.\u201d Indeed it has. Let\u2019s hope that this 50-year old grift is finally coming to an ignominious end &#8211; if only because an honest monetary system is the bedrock of a free and fair society.<\/p>\n<p><strong>By the Numbers<\/strong><\/p>\n<p>Collection accounts stay on a person\u2019s credit report for seven years and can cause significant credit score damage. Not surprisingly, an increase in collection accounts indicates that people are having trouble paying their bills. With that in mind, a new report was released that identifies where Americans\u2019 financial futures are most in jeopardy. Here are the 10 states with the <em><strong>most<\/strong><\/em> collection accounts:<\/p>\n<p><span style=\"color: #0000ff;\"><span style=\"font-size: x-large;\"><strong>10<\/strong><\/span><\/span> Idaho<\/p>\n<p><span style=\"color: #0000ff;\"><span style=\"font-size: x-large;\"><strong>9<\/strong><\/span><\/span> Kansas<\/p>\n<p><span style=\"color: #0000ff;\"><span style=\"font-size: x-large;\"><strong>8<\/strong><\/span><\/span> North Dakota<\/p>\n<p><span style=\"color: #0000ff;\"><span style=\"font-size: x-large;\"><strong>7<\/strong><\/span><\/span> Georgia<\/p>\n<p><span style=\"color: #0000ff;\"><span style=\"font-size: x-large;\"><strong>6<\/strong><\/span><\/span> South Carolina<\/p>\n<p><span style=\"color: #0000ff;\"><span style=\"font-size: x-large;\"><strong>5<\/strong><\/span><\/span> Texas<\/p>\n<p><span style=\"color: #0000ff;\"><span style=\"font-size: x-large;\"><strong>4<\/strong><\/span><\/span> Delaware<\/p>\n<p><span style=\"color: #0000ff;\"><span style=\"font-size: x-large;\"><strong>3<\/strong><\/span><\/span> Montana<\/p>\n<p><span style=\"color: #0000ff;\"><span style=\"font-size: x-large;\"><strong>2<\/strong><\/span><\/span> Nevada<\/p>\n<p><span style=\"color: #0000ff;\"><span style=\"font-size: x-large;\"><strong>1<\/strong><\/span><\/span> Wyoming<\/p>\n<p><em>Source: <a href=\"https:\/\/wallethub.com\/edu\/states-with-the-most-and-least-collection-accounts\/134307\" target=\"_blank\" rel=\"noopener\">Wallet Hub<\/a><\/em><\/p>\n<p><strong>The Question of the Week<\/strong><\/p>\n<p><code><div class='bootstrap-yop yop-poll-mc'>\n\t\t\t\t\t\t\t<div class=\"basic-yop-poll-container\" style=\"background-color:#3f8b43; border:0px; border-style:solid; border-color:#3f8b43; border-radius:7px; padding:10px 10px;\" data-id=\"17\" data-temp=\"basic\" data-skin=\"minimal\" data-cscheme=\"black\" data-cap=\"0\" data-access=\"guest\" data-tid=\"\" data-uid=\"a6074d99402880563fc516635c49e0e0\" data-pid=\"86280\" data-resdet=\"percentages\" data-show-results-to=\"guest\" data-show-results-moment=\"after-vote\" data-show-results-only=\"true\" data-show-message=\"true\" data-show-results-as=\"bar\" data-sort-results-by=\"number-of-votes\" data-sort-results-rule=\"desc\"data-is-ended=\"1\" data-gdpr=\"no\" data-gdpr-sol=\"consent\" data-css=\".basic-yop-poll-container[data-uid] .basic-vote { text-align: center; }\" data-counter=\"0\" data-load-with=\"1\" data-notification-section=\"top\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"basic-inner\"><div class=\"basic-message \" style=\"border-left: 10px solid #008000; padding: 0px 10px;\" data-error=\"#ff0000\" data-success=\"#008000\"><p class=\"basic-message-text\" style=\"color:#000000; font-size:14px; font-weight:normal;\">This poll is no longer accepting votes<\/p><\/div><div class=\"basic-overlay hide\"><div class=\"basic-vote-options\"><\/div><div class=\"basic-preloader\"><div class=\"basic-windows8\"><div class=\"basic-wBall basic-wBall_1\"><div class=\"basic-wInnerBall\"><\/div><\/div><div class=\"basic-wBall basic-wBall_2\"><div class=\"basic-wInnerBall\"><\/div><\/div><div class=\"basic-wBall basic-wBall_3\"><div class=\"basic-wInnerBall\"><\/div><\/div><div class=\"basic-wBall basic-wBall_4\"><div class=\"basic-wInnerBall\"><\/div><\/div><div class=\"basic-wBall basic-wBall_5\"><div class=\"basic-wInnerBall\"><\/div><\/div><\/div><\/div><\/div><form class=\"basic-form\"><input type=\"hidden\" name=\"_token\" value=\"de69aadf9e\" autocomplete=\"off\"><div class=\"basic-elements\"><div class=\"basic-element basic-question basic-question-text-vertical\" data-id=\"17\" data-uid=\"abcecaa89ca5d0e13a72380ca654483f\" data-type=\"question\" data-question-type=\"text\" data-allow-multiple=\"no\" data-min=\"1\" data-max=\"1\" data-display=\"vertical\" data-colnum=\"\" data-display-others=\"no\" data-others-color=\"\" data-others=\"\"><div role=\"heading\" aria-level=\"5\" class=\"basic-question-title\" style=\"color:#ffffff; font-size:14px; font-weight:normal; text-align:center;\">What type of rewards does your primary credit card offer?<\/div><ul class=\"basic-answers\"><li class=\"basic-answer\" style=\"padding:0px 0px;\" data-id=\"67\" data-type=\"text\" data-vn=\"52\" data-color=\"#000000\" data-make-link=\"no\" data-link=\"\"><div class=\"basic-answer-content basic-text-vertical\"><label for=\"answer[67]\" class=\"basic-answer-label\"><input type=\"radio\" id=\"answer[67]\" name=\"answer[17]\" value=\"67\"  autocomplete=\"off\"><span class=\"basic-text\" style=\"color: #ffffff; font-size: 14px; font-weight: normal;\" tabindex=\"0\">Cash back<\/span><\/label><\/div><\/li><li class=\"basic-answer\" style=\"padding:0px 0px;\" data-id=\"65\" data-type=\"text\" data-vn=\"13\" data-color=\"#000000\" data-make-link=\"no\" data-link=\"\"><div class=\"basic-answer-content basic-text-vertical\"><label for=\"answer[65]\" class=\"basic-answer-label\"><input type=\"radio\" id=\"answer[65]\" name=\"answer[17]\" value=\"65\"  autocomplete=\"off\"><span class=\"basic-text\" style=\"color: #ffffff; font-size: 14px; font-weight: normal;\" tabindex=\"0\">Airline miles<\/span><\/label><\/div><\/li><li class=\"basic-answer\" style=\"padding:0px 0px;\" data-id=\"68\" data-type=\"text\" data-vn=\"9\" data-color=\"#000000\" data-make-link=\"no\" data-link=\"\"><div class=\"basic-answer-content basic-text-vertical\"><label for=\"answer[68]\" class=\"basic-answer-label\"><input type=\"radio\" id=\"answer[68]\" name=\"answer[17]\" value=\"68\"  autocomplete=\"off\"><span class=\"basic-text\" style=\"color: #ffffff; font-size: 14px; font-weight: normal;\" tabindex=\"0\">Something else<\/span><\/label><\/div><\/li><li class=\"basic-answer\" style=\"padding:0px 0px;\" data-id=\"69\" data-type=\"text\" data-vn=\"8\" data-color=\"#000000\" data-make-link=\"no\" data-link=\"\"><div class=\"basic-answer-content basic-text-vertical\"><label for=\"answer[69]\" class=\"basic-answer-label\"><input type=\"radio\" id=\"answer[69]\" name=\"answer[17]\" value=\"69\"  autocomplete=\"off\"><span class=\"basic-text\" style=\"color: #ffffff; font-size: 14px; font-weight: normal;\" tabindex=\"0\">I don&#039;t have a rewards card<\/span><\/label><\/div><\/li><li class=\"basic-answer\" style=\"padding:0px 0px;\" data-id=\"66\" data-type=\"text\" data-vn=\"7\" data-color=\"#000000\" data-make-link=\"no\" data-link=\"\"><div class=\"basic-answer-content basic-text-vertical\"><label for=\"answer[66]\" class=\"basic-answer-label\"><input type=\"radio\" id=\"answer[66]\" name=\"answer[17]\" value=\"66\"  autocomplete=\"off\"><span class=\"basic-text\" style=\"color: #ffffff; font-size: 14px; font-weight: normal;\" tabindex=\"0\">Hotel points<\/span><\/label><\/div><\/li><\/ul><\/div><div class=\"clearfix\"><\/div><\/div><div class=\"basic-vote\"><a href=\"#\" class=\"button basic-vote-button\" role=\"button\" style=\"background:#ffffff; border:1px; border-style: solid; border-color:#000000; border-radius:0px; padding:5px 10px; color:#000000; font-size:14px; font-weight:normal;\">Vote<\/a><a href=\"#\" class=\"button basic-results-button\" role=\"button\" style=\"background:#ffffff; border:1px; border-style: solid; border-color:#000000; border-radius:0px; padding:5px 10px; color:#000000; font-size:14px; font-weight:normal;\">Results<\/a><\/div><\/form><\/div><\/div><\/div><\/div>\n\t\t\t\t\t\t<\/div><\/code><\/p>\n<p><strong>Last Week&#8217;s Poll Result<\/strong><\/p>\n<p>How much will you be spending for Valentine&#8217;s Day this year?<\/p>\n<ul>\n<li><strong>Between $1 and $100 45%<\/strong><\/li>\n<li>Zero 44%<\/li>\n<li>More than $100 11%<\/li>\n<\/ul>\n<p>More than 1800 Len Penzo dot Com readers answered last week&#8217;s poll question and &#8211; in one of the closest polls here in a while &#8211; the slightest of pluralities said they planned to spend between $1 and $100 for Valentine&#8217;s Day. As for yours truly, I swear it seems like I spent almost $100 myself on Cupid&#8217;s holiday this year &#8211; and that was just for the Hallmark card.<\/p>\n<p>If <em><strong>you<\/strong><\/em> have a question you&#8217;d like to see featured here, please send it to me at <strong>Len@LenPenzo.com<\/strong> and be sure to put &#8220;Question of the Week&#8221; in the subject line.<\/p>\n<p><strong>Useless News: The Evolution of Education<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-62500\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2020\/08\/Evolution-of-Education.jpg\" alt=\"\" width=\"532\" height=\"688\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2020\/08\/Evolution-of-Education.jpg 552w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2020\/08\/Evolution-of-Education-232x300.jpg 232w\" sizes=\"auto, (max-width: 532px) 100vw, 532px\" \/><\/p>\n<p><em>(h\/t: J Siefert)<\/em><\/p>\n<p><strong>Squirrel Cam <span style=\"color: #800080;\">(After Dark)<\/span><\/strong><\/p>\n<p>Watch carefully; at the very beginning of this video you&#8217;ll see an owl fly into our backyard to catch a mouse (which we caught on our close-up camera under the fountain a few seconds later). The mouse got away and the owl had to fly away with an empty belly &#8211; <strong><em>this time.<\/em><\/strong><\/p>\n<div style=\"width: 1280px;\" class=\"wp-video\"><video class=\"wp-video-shortcode\" id=\"video-86280-1\" width=\"1280\" height=\"720\" preload=\"metadata\" controls=\"controls\"><source type=\"video\/mp4\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Owl.mp4?_=1\" \/><a href=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Owl.mp4\">http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/02\/Owl.mp4<\/a><\/video><\/div>\n<p><span style=\"color: #ffffff;\">.<\/span><\/p>\n<p><strong>Buy Me a Coffee? Thank You So Much!<\/strong><\/p>\n<p>For the best reading experience, I present all of my fresh Black Coffee posts without ads. If you enjoyed this week&#8217;s column, buy me a coffee! (Dunkin&#8217; Donuts; <em><strong>not<\/strong><\/em> Starbucks.) Thank you so much!<\/p>\n<form action=\"https:\/\/www.paypal.com\/donate\" method=\"post\" target=\"_top\"><input name=\"hosted_button_id\" type=\"hidden\" value=\"BAMGWUPS3YK7G\" \/><br \/>\n<input title=\"PayPal - The safer, easier way to pay online!\" alt=\"Donate with PayPal button\" name=\"submit\" src=\"https:\/\/www.paypalobjects.com\/en_US\/i\/btn\/btn_donateCC_LG.gif\" type=\"image\" \/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.paypal.com\/en_US\/i\/scr\/pixel.gif\" alt=\"\" width=\"1\" height=\"1\" border=\"0\" \/><\/form>\n<p><span style=\"color: #ffffff;\"><strong>.<\/strong><\/span><\/p>\n<p><strong>More Useless News<\/strong><\/p>\n<p>Here are the top &#8212; and bottom &#8212; five Canadian provinces and territories in terms of the average number of pages viewed per visit here at Len Penzo dot Com over the past 30 days:<\/p>\n<p>1. British Columbia (2.11 pages\/visit)<br \/>\n2. Alberta (2.05)<br \/>\n3. Newfoundland &amp; Labrador (1.85)<br \/>\n4. Northwest Territories (1.67)<br \/>\n5. Manitoba (1.61)<\/p>\n<p>9. Quebec (1.47)<br \/>\n10. New Brunswick (1.42)<br \/>\n11. Ontario (1.41)<br \/>\n12. Yukon Territory (1.25)<br \/>\n13. Prince Edward Island (1.13)<\/p>\n<p>Whether you happen to enjoy what you&#8217;re reading (like those crazy canucks in British Columbia, eh) &#8212; or not (ahem, you hosers living on the frozen Prince Eddie Island tundra) &#8212; please don&#8217;t forget to:<\/p>\n<p>1. Subscribe to my weekly <strong>Len Penzo dot Com Newsletter!<\/strong> (It&#8217;s easy! See the big green box in the sidebar at the top of the page.)<\/p>\n<p>2. Make sure you <a href=\"http:\/\/x.com\/LenPenzo\">follow me on Twitter<\/a>. You can also follow me on <strong><a href=\"https:\/\/gab.com\/LenPenzo\" target=\"_blank\" rel=\"noopener\">Gab<\/a><\/strong>!<\/p>\n<p>3. <a href=\"http:\/\/www.facebook.com\/LenPenzo\" target=\"_blank\" rel=\"noopener noreferrer\">Become a fan of Len Penzo dot Com on Facebook<\/a> too!<\/p>\n<p>And last, but not least &#8230;<\/p>\n<p>4. <em><strong>Please support this website by visiting my sponsors&#8217; ads!<\/strong><\/em><\/p>\n<p>Thank you so much!!!! &#x1f60a;<\/p>\n<p><strong>Letters, I Get Letters<\/strong><\/p>\n<p>Every week I feature the most interesting question or comment &#8212; assuming I get one, that is. And folks who are lucky enough to have the only question in the mailbag get their letter highlighted here whether it&#8217;s interesting or not! You can reach me at: <strong>Len@LenPenzo.com<\/strong><\/p>\n<p>After reading <a href=\"https:\/\/lenpenzo.com\/blog\/id36736-11-ways-to-make-your-retirement-savings-grow-faster-3.html\" target=\"_blank\" rel=\"noopener noreferrer\">11 Ways to Make Your Retirement Savings Grow Faster<\/a>, <strong>Nicholas<\/strong> asked this question:<\/p>\n<blockquote><p>Look, it&#8217;s not a home run at work every day but &#8230; why live like a poor person so you can quit your job and live like a poor person?<\/p><\/blockquote>\n<p><span style=\"color: #0000ff;\">Well, Nicholas, it&#8217;s because, well &#8230; wait. Is that a trick question?<\/span><\/p>\n<p><strong>If you enjoyed this edition of Black Coffee and found it to be informative, please forward it to your friends and family. Thank you!<\/strong> &#x1f600;<\/p>\n<p>I&#8217;m Len Penzo and I approved this message.<\/p>\n<p style=\"text-align: right;\"><span style=\"font-size: smaller;\">Photo Credit: stock photo<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s time to sit back, relax and enjoy a little joe &#8230; Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what&#8217;s been going on in the world of money and personal finance. Well &#8230; another busy week is behind us. So with that in mind, let&#8217;s get this party started! [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":51224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","pmpro_default_level":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[472],"tags":[],"class_list":{"0":"post-86280","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-commentary","8":"pmpro-has-access","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Black Coffee: Plugged Nickels &amp; Pretty Pennies<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lenpenzo.com\/blog\/id86280-black-coffee-15-feb-2025.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Black Coffee: Plugged Nickels &amp; Pretty Pennies\" \/>\n<meta property=\"og:description\" content=\"It&#8217;s time to sit back, relax and enjoy a little joe &#8230; Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what&#8217;s been going on in the world of money and personal finance. 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