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Contents DEPARTMENTS

12 STRUCTURES: ARCHITECTURAL STYLES OF ATLANTIC CITY 16 DID YOU KNOW?: 12 THINGS YOU DIDN’T KNOW ABOUT ATLANTIC CITY 20 SAVOR: COFFEE FROM AROUND THE WORLD 32 HISTORY: UNVEILING THE RICH HISTORY OF A SEASIDE ICON 34 CITY: REINVENTING ATLANTIC CITY: CASINO HISTORY 36 SILVER SCREEN: A CINEMATIC ODYSSEY: ATLANTIC CITY 38 FIGURES: ATLANTIC CITY’S NOTABLE FIGURES 42 HAPPENINGS: WHAT’S ALL THE BUZZ AT HARD ROCK HOTEL & CASINO 56 THINK RED CARPET: INAUGURAL SOFLO CHAPTER OF INTERNACHI

FEATURES

EXPLORE ATLANTIC CITY

SUCCESS PRO-LAB® CELEBRATES 25 YEARS

44 SPOTLIGHT

WEALTH STORAGE FOR HOME INSPECTORS

: STRUCTURES

architectural styles 0f atlantic city

Victorian style The Absecon Lighthouse: Built in 1857, this historic lighthouse is a prime example of Victorian architecture. It features a striking brick tower with decorative details and a Victorian keeper’s dwelling.

Boardwalk Hall: Originally known as the Atlantic City Convention Hall, Boardwalk Hall is a prominent example of Beaux-Arts architecture. Its grand interior and ornate facade make it a landmark in the city.

Mid-century Modern

tudor reViVal style

Marlborough-Blenheim Hotel: While the original Marlborough-Blenheim Hotel was demolished, it was an iconic example of Mid-Century Modern design during its heyday in the mid-20th century. 12

Beaux-arts style

THI NKM AGAZI NE. U S

St. Nicholas of Tolentine Church: This historic church, constructed in the early 20th century, features Tudor Revival architecture with its distinctive half-timbered facade and arched doorways.

colonial reViVal style

Modern & conteMporary

The Chelsea Hotel: Originally built in the 1920s as a grand hotel, The Chelsea Hotel showcases elements of Colonial Revival architecture, including symmetrical designs and traditional details.

Ocean Casino Resort: This modern casino resort along the Boardwalk embraces contemporary architectural elements with its sleek design, large windows, and innovative features.

art deco style

Boardwalk architecture

Claridge Hotel: The Claridge Hotel, constructed in the 1920s, showcases Art Deco design elements in its architecture, including intricate geometric patterns and decorative motifs.

Steel Pier: The Steel Pier amusement park features a mix of architectural styles, including Art Deco, Mid-Century Modern, and contemporary designs, all along the iconic Boardwalk.

T HIN KMAGAZINE.US

SUPERIOR SERVICE

: DID YOU KNOW?

2 1

s g t n u i o b h A tt Know

Y t i c u c i Yo t n A l t A ’ n DiD

T H I NKM AGAZI NE. U S

eneath the shimmering lights and beside the rolling waves of the Atlantic Ocean, Atlantic City, New Jersey, holds secrets and curiosities that even the most seasoned travelers may find delightfully unexpected. In this compilation of facts and curiosities, we embark on a journey to uncover the lesser-known facets of this iconic city. From quirky trivia to fascinating

historical anecdotes, join us as we delve into the enigmatic charms of Atlantic City, revealing the hidden stories that have shaped this

seaside gem. Whether you’re a curious traveler or a local in search of new tales, prepare to be amazed by the captivating and often surprising facts that define Atlantic City’s unique character.

a chewy and sweet treat. The

a six-story elephant-shaped

discontinued in the 1970s due to

origin of the name “saltwater

building that has become an

concerns for animal welfare.

taffy” comes from a flood in the

iconic landmark and tourist

late 19th century that soaked

attraction.

City’s streets are designed as a

the candy with seawater.

1. The Monopoly Connection: Atlantic City is the inspiration behind the popular board game Monopoly. The game’s creator, Charles Darrow, used the city’s streets and landmarks as the basis for the game’s layout.

2. Longest Boardwalk: Atlantic City boasts one of the longest boardwalks in the world, stretching for approximately

10. One-Way Streets: Atlantic

7. The World’s First Boardwalk:

grid, but they have an unusual

4. Miss America Pageant:

The Atlantic City Boardwalk,

feature. All the streets heading

Atlantic City was home to the

originally constructed in 1870, is

toward the beach are one-way,

Miss America Pageant for many

often considered the world’s first

making it easier for visitors to

years. The pageant started here

boardwalk. It was built to keep

access the shoreline.

in 1921 and continued until it

sand out of hotels and has since

moved to Las Vegas temporarily,

become an enduring symbol of

11.The Claridge Hotel’s

only to return to Atlantic City

the city.

Secret Tunnel: The historic Claridge Hotel in Atlantic City

in 2013. 8. Saltwater Pool at the

was rumored to have a secret

5. The “DO AC” Campaign:

Pier: The former Pier Shops

underground tunnel connecting

In an effort to rebrand and

at Caesars, now known as

it to other properties for discreet

revitalize the city, Atlantic

The Playground, has a unique

celebrity access and illicit

City launched the “DO AC”

feature: a rooftop pool filled

activities during the Prohibition

advertising campaign in

with saltwater directly from the

era.

2011. The campaign aimed

Atlantic Ocean.

four miles along the coastline.

to promote Atlantic City as a

It’s also home to the first

destination for entertainment,

9. Steel Pier Diving Horse

This historic lighthouse, located

boardwalk ever built in the

dining, and nightlife.

Act: In the early 20th century,

in Atlantic City, is the tallest in

the Steel Pier featured a daring

New Jersey and the third tallest

6. Lucy the Elephant: Margate

act where a horse would dive

in the United States. It is said

3. Saltwater Taffy: Atlantic City

City, just south of Atlantic City,

into a pool of water from a

to be haunted, and visitors can

is famous for its saltwater taffy,

is home to Lucy the Elephant,

high platform. The act was

take nighttime ghost tours.

United States.

12. The Absecon Lighthouse:

T HIN KMAGAZINE.US

• • • • • • •

: SAVOR : SAVOR

COFFEE FROM C OFFEE FROM M A ST E R I N G I N S P E C T I O N S , A R O U N D O B OU L DN CODF F E E ANRE O A TO IME T H EATW RLD THE WORLD

Here we have carefully chosen some of the best coffee varieties consumed by java lovers around the world. From mild to full-bodied brews and everything in between.

BONES COFFEE BONES COFFEE KENYA SINGLE-ORIGIN KENYA SINGLE-ORIGIN

UP SINGLE-ORIGIN RISERISE UP SINGLE-ORIGIN SELECT: HONDURAS SELECT: HONDURAS

This grade coffee is highest the highest This AA AA grade coffee is the

This American Central American coffee atis grown at Driven by tropical Driven fruits, by tropical fruits, perfect balance Pashapa a 30 hectare farm that This Central coffee is grown perfect balance Finca Finca Pashapa is a 30ishectare farm that

quality to come out out of Kenya. Featuring quality to come of Kenya. Featuring

CAMPOS ETHIOPIA CAMPOS ETHIOPIA BANKO GOTITI BANKO GOTITI

has been and sustainably has ecologically been ecologically and sustainably

at high altitudes on volcanic wheresoil, where at high altitudes on soil, volcanic

and an almost andeverlasting an almost finish\Ethiopia everlasting finish\Ethiopia

the cherries ripen more slowly which the cherries ripen more slowly which

Banko GotitiBanko offersGotiti something familiar very familiar offersvery something

a pleasantly bright acidity, citruscitrus and and a pleasantly bright acidity,

managed since since 1965 . 1965 Their. coffee managed Their coffee

berry undertones and and a winey finish. berry undertones a winey finish.

rich and hearty flavor. This delivers distinctly floral aromatics with a with a give it a give it a rich and hearty flavor. This delivers distinctly floral aromatics

but also distinct fromdistinct the more famous but also from the more famous

Bones onlyonly roast theirtheir carefully selected Bones roast carefully selected

dried inside theinside cherrythe podcherry pod rangerange of fruitofflavors, from peach pear,to pear, coffee iscoffee is dried fruit flavors, from to peach

fine coffeesfine of Yirgacheffe. Nestled in Nestled in coffees of Yirgacheffe.

beans to perfection in small batches to to beans to perfection in small batches

This isThis possible due todue goodtosoil andsoil a and a is possible good

to give ittoa give brighter and it a sweetness brighter sweetness and

the Gedeo Zone, the 30-hectare that the Gedeo Zone, thearea 30-hectare area that

ensure that you get the freshest coffee

varied ecosystem. A visitor to the farm

acidity. Costa Rica Coffee from the

makes up Banko Gotiti is encircled by the

delivered straight to your door. The care

will find a number of different lumber

mountains in Tarrazu are known as one

Banko and Raku rivers. The area is blessed

given to each of those small batches is

and fruit trees like coffee, avocado,

of the world’s finest coffees. Cup notes:

with plentiful rain during the summer and

evidenced through the rich, full bodied

pecan, and orange, which provide shade,

balanced, medium body and acidity. Flavor

the perfect balance of mild days and cool

and exceptionally smooth taste you’ll

produce oxygen, and provide a rich

notes: strawberry, starburst, orange,

nights. Tasting notes: passionfruit and

get out of every cup you drink.

ecosystem for animals and people alike.

floral. Drying process: raised beds.

Huckleberry Mouthfeel.

ensure that you get the freshest coffee delivered straight to your door. The care given to each of those small batches is evidenced through the rich, full bodied and exceptionally smooth taste you’ll get out of every cup you drink.

VOLCANICA COSTA RICA VOLCANICA COSTA RICA NATURAL COFFEECOFFEE NATURAL

THI NKM AGAZI NE. US

varied ecosystem. A visitor to the farm will find a number of different lumber and fruit trees like coffee, avocado, pecan, and orange, which provide shade, produce oxygen, and provide a rich ecosystem for animals and people alike.

acidity. Costa Rica Coffee from the mountains in Tarrazu are known as one of the world’s finest coffees. Cup notes: balanced, medium body and acidity. Flavor notes: strawberry, starburst, orange, floral. Drying process: raised beds.

makes up Banko Gotiti is encircled by the Banko and Raku rivers. The area is blessed with plentiful rain during the summer and the perfect balance of mild days and cool nights. Tasting notes: passionfruit and Huckleberry Mouthfeel.

KAUAI COFFEE ESTATE RESERVE RED CATUAI

DRIVEN COFFEE PERU SAN IGNACIO FAIR TRADE ORGANIC

LOUMIDIS PAPAGALOS GREEK COFFEE

LAVAZZA INTENSO DARK ROAST

The island of Kauai provides ideal

Despite being an oft-forgotten coffee

If you’re a coffee lover and have never

Lavazza Intenso Ground Coffee blend

conditions for growing outstanding

producer, Peru’s not new to coffee

experienced the distinct pleasure of

is a full-bodied dark roast with a bold,

coffee: the warm Pacific sun, rich

growing, nor is it a small-scale player.

traditional “Greek Coffee,” you’re in

smoky flavor and notes of chocolate.

volcanic earth, abundant mountain rain

In fact, Peru was the 10th largest

for a major treat! Loumidis coffee is

Lavazza’s traditional recipe is dark

and cool trade winds. A mild to medium

coffee producer in the world in 2017.

the most popular traditional Greek

roasted to enhance strength and body;

bodied coffee, touched by a smooth,

From a small cooperative in Northern

coffee because of its consistent

a mix of southeast Asian, Brazilian, and

sweet finish with a hint of cardamom.

Peru, this San Ignacio is remarkably

superior quality. The trademark Parrot

Indian Arabica and Robusta varieties

Kauai coffee is grown and harvested on

fresh and smooth. Peru’s lower-altitude

(papagalos) is not an accidental choice.

that produce a bold dark roast with a

their eco-friendly estate and harvested

farms, like those found around the

The parrot is the only bird which feeds

smoky, caramelized aroma. You’ll taste

at peak season. The beans are roasted

town of Nambale near the Peru-Ecuador

on coffee seeds. The preparation

hints of chocolate with every full-

to perfection using hand-selected

border, tend to produce coffee with a

involves gently boiling the coffee with

bodied sip. This blend is ideally brewed

beans that come from the top 5% of

mild acidity, medium body, and smooth

cold water – adding sugar and ground

in a drip coffee maker or French press.

their crop.

notes of nuts and flowers.

cardamom until it comes to a foam.

Enjoy a true taste of Italy.

T HIN KMAGAZINE.US

: EXPLORE

exploring

AtlANtic

city

NESTLED ALONG THE PRISTINE JERSEY SHORE, ATLANTIC CITY BECKONS TRAVELERS WITH A UNIQUE BLEND OF FAMILY-FRIENDLY ACTIVITIES AND ELECTRIFYING NIGHTLIFE. BEYOND THE GLITZ AND GLAMOUR OF ITS FAMOUS CASINOS, THIS COASTAL GEM OFFERS AN ARRAY OF EXPERIENCES THAT CATER TO ALL AGES AND INTERESTS. FROM SUN-DRENCHED FAMILY ESCAPADES TO THE PULSATING RHYTHMS OF THE NIGHT, ATLANTIC CITY HAS SOMETHING SPECIAL FOR EVERYONE.

hen it comes to East

pathway, the gentle ocean breeze envelops

the cityscape and the sparkling Atlantic Ocean

Coast destinations

you, setting the tone for a day of exploration

create a breathtaking backdrop.

that seamlessly blend

and relaxation. Street performers weave their

The Atlantic City Aquarium provides a

excitement, relax-

magic, captivating audiences with their tal-

gateway to the wonders of the underwater

ation, and a dash of

ents, and charming shops invite you to browse

world. It’s an educational yet entertaining

old-world charm, Atlantic City, New Jersey, is

for souvenirs that capture the essence of this

attraction that brings you face-to-face with

a shining star. Known as the “Las Vegas of the

vibrant city. And, of course, a visit to the Board-

captivating marine life, from majestic sharks

East,” this vibrant city offers much more than

walk would be incomplete without savoring

to graceful sea turtles and an array of vibrant

just its famous casinos. With its iconic Board-

a piece of Atlantic City’s signature saltwater

fish species. Interactive exhibits ensure that

walk, stunning beaches, diverse entertainment

taffy—an indulgence that’s been delighting

learning is a fun and immersive experience for

options, and rich history, Atlantic City is a

taste buds for generations.

the entire family.

must-visit destination for travelers seeking a

For a family outing that’s both thrilling

For a journey into the extraordinary,

diverse range of experiences. Whether you’re

and nostalgic, Steel Pier awaits. This historic

Ripley’s Believe It or Not! Museum beckons.

a thrill-seeker, a history buff, a beach lover,

amusement park has been a source of joy for

This peculiar museum is home to a fascinating

or a foodie, Atlantic City has something for

decades, offering a medley of exhilarating

collection of oddities, mind-bending optical

everyone.

rides, classic carnival games, and live enter-

illusions, and astonishing facts. Prepare to be

tainment. Whether you’re a daredevil ready to

amazed, bewildered, and entertained as you

Family Adventures by the Shore

take on the roller coasters or prefer a leisurely

navigate the world of the bizarre and unbe-

Atlantic City’s charm begins with its iconic

ride on the carousel, Steel Pier promises a day

lievable.

Boardwalk, a four-mile stretch along the At-

of unforgettable moments. Don’t miss the tow-

To cap off your family adventure, consider

lantic Ocean. As you set foot on this legendary

ering Ferris wheel, where panoramic views of

a visit to the Absecon Lighthouse, New Jersey’s

THI NKM AGAZI NE. U S

tallest. Climbing this historic beacon offers

vibrant bars. The casinos themselves are show-

unforgettable experience. Jazz lovers can savor

not only panoramic views but also a deeper

cases of opulence and entertainment, making

smooth tunes at the Ocean Casino Resort’s

appreciation for maritime history. It’s an expe-

them worthy destinations even for non-gam-

1927 Lounge, where live performances set the

rience that blends education with exhilaration,

blers.

making it an ideal family outing.

Live entertainment takes center stage in Atlantic City. The Hard Rock Hotel & Casino’s

perfect tone for a relaxed night out. In conclusion, Atlantic City, NJ, is a destination that seamlessly marries family-friendly

Vibrant Nightlife

Etess Arena is a hotspot for A-list musicians, of-

As the sun sets over the Atlantic Ocean, Atlan-

fering a chance to catch top-tier performances

daytime adventures with a thrilling nightlife.

tic City undergoes a transformation into a hub

in an intimate setting. Meanwhile, the historic

Whether you’re strolling along the iconic

of nightlife excitement. While renowned for

Boardwalk Hall presents Broadway-style shows

Boardwalk with your loved ones or dancing the

its world-class casinos, the city offers an array

that are sure to captivate theater enthusiasts.

night away in one of its vibrant clubs, Atlantic

of after-dark experiences that cater to various

For those seeking to dance the night

City promises an unforgettable experience

tastes.

away or simply enjoy a nightcap, Atlantic

that caters to all ages and interests. It’s a place

Atlantic City’s casinos are an integral

City’s nightclubs and bars provide the perfect

part of its nightlife scene. Whether you’re a

setting. Premier Nightclub is a haven for dance

seasoned gambler or just looking to try your

enthusiasts, with its pulsating beats and

luck, these establishments offer an electrifying

energetic crowd. The Iron Room caters to those

dynamic coastal city. So, pack your bags and

atmosphere. Beyond the gaming tables, you’ll

seeking a more refined evening, where craft

embark on a journey to discover the magic of

find a world of entertainment, fine dining, and

cocktails and an elegant ambiance create an

Atlantic City.

where memories are made under the sun and stars, creating a lasting connection to this

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: SUCCESS

The

Home Inspector’s Choice for Environmental Testing

CELEBRATING

YEARS OF EXCELLENCE IN ENVIRONMENTAL TESTING

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with a mission that would

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customer service—a foundation

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indoor pollutants were often

identity today.

a beacon of excellence

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underestimated, PRO-LAB® set

years. PRO-LAB®, a pioneer in

Genesis of Excellence:

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inspectors, and real estate

Mold, Radon, Lead, Asbestos,

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Founded in 1998 by James

professionals with crucial

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T H I NKM AGAZI NE. U S

CHAMPIONING E XC E L L E N C E FOR A QUARTER C E N T U RY:

PRO-LAB’S 25-YEAR JOURNEY IN REVOLUTIONIZING HOME INSPECTION WITH ENVIRONMENTAL TESTING A Legacy of Innovation and Leadership in Mold, Radon, Lead, Asbestos, and Drinking Water Analysis

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indoor pollutants were largely

Customer-Centric Focus:

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Empowering Industry

infestations, radon intrusion, lead

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exposure, asbestos presence,

Integral to PRO-LAB’s success

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their health concealed from

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into the indoor environment.

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The Pursuit of Unrivaled

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The Evolution of a Titan:

evolved, PRO-LAB® remained

Pioneering Achievements

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outfitted with cutting-edge

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excellence has set it apart. T HIN KMAGAZINE.US

: SUCCESS

A Vision for a Safer Tomorrow

fees and was also the first to provide free FedEx

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As PRO-LAB® embarks on its next chapter, its

envelopes for shipping samples. The introduction

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A legacy that resonates with the precision and

As PRO-LAB® commemorates its 25th anniversary,

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industry, its commitment to excellence, accuracy,

legacy that epitomizes pioneering excellence in

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T H I NKM AGAZI NE. U S

: HISTORY

Unve i li ng t h e Ric h his toRy o f a seas ide Icon

tlantic City stands as a

tion of a railroad connecting Camden and

Boardwalk, offering luxurious accommoda-

living testament to the

Atlantic City, which was completed in 1854,

tions and attracting elite guests from across

ever-evolving history of

making the city more accessible to visitors.

the country.

The Birth of the Boardwalk (19th Century)

hub for culture and entertainment. The Steel

the United States. From its humble beginnings

as a remote resort town to its golden age as

During this period, Atlantic City became a One of Atlantic City’s most iconic features, the Boardwalk, was born in 1870. Designed

mecca for amusement rides and shows. It was

the history of Atlantic City, New Jersey, is a

as a way to keep sand out of the ritzy hotels,

here that legendary entertainers like Frank

captivating journey through time.

the first Boardwalk was a temporary wooden

Sinatra, The Beatles, and Benny Goodman

structure. It quickly proved a hit with visitors,

graced the stage, solidifying Atlantic City’s

Early Beginnings (17th-18th Century)

leading to the construction of a permanent,

reputation as a hotspot for entertainment.

The story of Atlantic City starts long

expanded version in 1880. This 4-mile-long

before the city we know today emerged.

promenade became the centerpiece of

Prohibition and Organized Crime

Native American tribes, particularly the Len-

Atlantic City and remains an enduring symbol

(1920s-1930s)

ni-Lenape, were the area’s first inhabitants.

of the city’s charm.

The advent of Prohibition in the 1920s ushered in a new era for Atlantic City. As al-

European explorers and settlers arrived in the late 17th century, drawn by the region’s fertile

The Era of Grand Hotels (Late 19th-Early

cohol became illegal, speakeasies and illegal

land and proximity to the ocean.

20th Century)

gambling joints proliferated, drawing in both

Atlantic City’s transformation into a premier

tourists and organized crime figures. The city

take shape as a resort town. Dr. Jonathan Pit-

resort destination accelerated in the late

became a hub for illegal activities, and figures

ney, a local physician, saw the potential of the

19th century. Grand hotels like the Tray-

like Enoch “Nucky” Johnson rose to prom-

area’s climate and natural beauty for health

more, the Chalfonte-Haddon Hall, and the

inence as powerful political and criminal

and recreation. He lobbied for the construc-

Marlborough-Blenheim sprang up along the

leaders.

In the 19th century, Atlantic City began to

Pier, originally built as a theater, became a

a bustling hub of entertainment and leisure,

T H I NKM AGAZI NE. US

Decline and Rebirth (Mid-20th Century) In the mid-20th century, Atlantic City faced significant challenges. The decline of rail travel, the rise of air travel, and the expansion of legalized gambling in other states led to a decline in tourism. Many grand hotels fell into disrepair, and the city struggled economically. However, in the late 1970s, Atlantic City underwent a transformation that would reshape its destiny. New Jersey legalized casino gambling, making it the second state in the U.S. to do so. Resorts Casino Hotel became the first legal casino to open its doors in Atlantic City in 1978. This marked the beginning of a new era of revitalization for the city. The Casino Era (Late 20th Century-Present) The introduction of casino gambling breathed new life into Atlantic City. A wave of casino construction followed, with iconic establishments like the Trump Taj Mahal, Caesars Atlantic City, and the Borgata Hotel Casino & Spa joining the fray. Atlantic City became known as the “Gambling Capital of the East Coast,” attracting visitors from all over the country. The influx of tourists spurred the development of entertainment complexes, luxury hotels, and restaurants. The city’s skyline transformed, with glittering casinos dominating the landscape. However, Atlantic City faced its share of challenges in this era. Economic disparities persisted, and the city’s success didn’t always translate to improvements for all residents. In recent years, the city has sought to diversify its attractions, focusing on non-gaming elements such as family entertainment and conventions. A Vision for the Future Today, Atlantic City is at a crossroads, with a rich history and a vision for the future. The city continues to evolve, embracing a more diverse range of attractions, including family-friendly activities, concerts, and cultural events. Efforts are underway to revitalize the Boardwalk and preserve its historic charm. Atlantic City’s history is a tale of resilience, reinvention, and the enduring allure of the sea. From its early days as a health resort to its transformation into a gaming and entertainment hub, this city has witnessed waves of change. As it looks forward, Atlantic City remains a place where history and modernity coexist, offering visitors a chance to experience the past and the promise of the future along the sun-drenched Jersey Shore.

T HIN KMAGAZINE.US

: CITY

Reinventing AtlAntic city: A look BAck At its

cAs i n o Histo Ry And PResent RenAissAnce

tlantic City, often dubbed the

prosperity and entertainment. Resorts Casino

ventures. While they initially contributed to

“Las Vegas of the East Coast,”

Hotel made history as the first casino to open

the city’s success, the Trump casinos also

has a rich and complex history

its doors on May 26, 1978, marking a pivotal

experienced financial troubles, with the Taj

intertwined with the rise,

moment in the city’s transformation.

Mahal eventually filing for bankruptcy in 1991.

decades, this seaside destination has been

The Casino Boom

The Downfall

a playground for gamblers, tourists, and

Atlantic City experienced a casino boom in the

Despite the initial success, Atlantic City’s casino

entertainment seekers alike. In this editorial,

late 1970s and throughout the 1980s, as iconic

industry began to face challenges in the 2000s.

we will take a journey through the captivating

establishments like Caesars, Bally’s, and Trump

Competition from neighboring states, such as

history of Atlantic City’s casinos, exploring the

Plaza emerged along the famous Boardwalk.

Pennsylvania and Delaware, lured gamblers

ups and downs that have defined this iconic

These lavish resorts boasted world-class

away, leading to a decline in revenue. The city’s

gaming town. We will also delve into the

entertainment, fine dining, and an unparalleled

inability to diversify its offerings and revitalize

current state of affairs, highlighting the city’s

gaming experience. The city soon became a

its aging infrastructure further exacerbated its

ongoing efforts to reclaim its former glory.

go-to destination for tourists, drawing visitors

problems.

fall, and resurgence of its casino industry. For

from all over the United States and beyond.

The Birth of the Casino Era

In 2014, the Trump Taj Mahal filed for bankruptcy for the second time, ultimately

The inception of the casino era in Atlantic City

The Notable Players

closing its doors in October 2016. Several

can be traced back to 1976 when New Jersey

Donald Trump, the real estate mogul turned

other casinos also shuttered during this

became one of the first states to legalize casino

president, played a significant role in Atlantic

period, resulting in thousands of job losses

gambling. The Casino Control Act was a game-

City’s casino scene during the 1980s and early

and a significant blow to the local economy. It

changer, allowing casinos to operate legally

1990s. Trump Plaza, Trump Castle, and Trump

seemed as if the Atlantic City casino dream had

in the city, ushering in a new era of economic

Taj Mahal were among his ambitious casino

come to an end.

THI NKM AGAZI NE. U S

The Resurgence

Ocean Casino Resort: This beachfront

Atlantic City has also become a hub for major

However, Atlantic City refused to give up. In

property offers stunning views of the Atlantic

events and entertainment. The city hosts

2018, the U.S. Supreme Court’s decision to allow

Ocean and a wide array of gaming options, fine

concerts, comedy shows, and sporting events,

sports betting opened up new opportunities

dining, and entertainment venues.

drawing a diverse audience year-round. The

for the city. The Borgata Hotel Casino & Spa

Caesars Atlantic City: A classic name in

Convention Center, with its vast meeting

quickly embraced this trend, becoming one of

the industry, Caesars provides a sophisticated

and exhibition spaces, continues to attract

the leading sports betting destinations in the

gaming environment and luxurious

conferences and conventions.

region.

accommodations.

Moreover, the city embarked on a

Golden Nugget: Known for its

Looking Forward

mission to diversify its attractions, focusing

exceptional dining options and bustling casino

As Atlantic City continues its resurgence, there

on non-gaming experiences such as dining,

floor, Golden Nugget attracts a diverse crowd of

is renewed optimism for the city’s future. The

shopping, and entertainment. The Hard Rock

visitors.

lessons learned from the past have emphasized

Hotel & Casino and Ocean Casino Resort both

Tropicana Atlantic City: With its

the importance of diversification, innovation,

opened in 2018, symbolizing a fresh start for

Havana-inspired theme, Tropicana offers a

and adaptation. By offering a multifaceted

Atlantic City’s gaming scene. The Hard Rock,

vibrant atmosphere, featuring multiple bars,

experience that goes beyond gambling,

in particular, converted the former Trump Taj

restaurants, and an expansive gaming floor.

Atlantic City aims to establish itself as a premier

Mahal into a music-centric resort, attracting

Resorts Casino Hotel: The pioneer of

both gaming enthusiasts and music lovers.

Atlantic City’s casino era, Resorts continues to offer a mix of classic charm and modern

Current Casino Landscape Today, Atlantic City’s casino industry is showing

amenities.

destination for both gaming enthusiasts and leisure travelers. In conclusion, Atlantic City’s journey through the highs and lows of its casino industry is a testament to its resilience and

promising signs of revival. The city boasts a

Recent Developments

ability to reinvent itself. From the glory days of

diverse lineup of casinos, each with its unique

Atlantic City’s revitalization efforts extend

the 1980s to the challenges of the early 2000s

offerings. Some notable casinos currently

beyond the gaming tables. The city has

and the ongoing revival, this iconic seaside

operating include:

invested in infrastructure improvements,

town has proven that it can adapt and evolve.

including the Boardwalk and beachfront

With a renewed focus on entertainment,

its upscale atmosphere and renowned poker

enhancements, to create a more welcoming

hospitality, and non-gaming attractions,

tournaments, Borgata continues to be a leader

and attractive environment for visitors.

Atlantic City is once again on the rise, ready

in the Atlantic City gaming scene.

Additionally, the legalization of online

to captivate the hearts of visitors from around

gambling in New Jersey has provided a

the world. The future of this vibrant city looks

has breathed new life into the iconic Taj Mahal

significant revenue boost to the state and the

promising, as it continues to redefine itself in

building, offering guests a rock ‘n’ roll experience,

city, allowing patrons to enjoy casino games

the world of gaming and entertainment.

a vast gaming floor, and live music events.

from the comfort of their homes.

Borgata Hotel Casino & Spa: Known for

Hard Rock Hotel & Casino: The Hard Rock

T HIN KMAGAZINE.US

: SILVER SCREEN

A CinemAtiC odyssey:

AtlAntiC City on the silver sCreen Atlantic City (1980) - Directed by Louis Malle and starring Burt Lancaster and Susan Sarandon, this film is a character-driven drama set against the backdrop of Atlantic City’s casinos. It follows the life of an aging small-time gangster who becomes involved with a young woman and a high-stakes poker game.

The King of Marvin Gardens (1972) - Directed by Bob Rafelson and featuring Jack Nicholson and Bruce Dern, this drama explores the complicated relationship between two brothers, one of whom is a struggling radio monologist and the other a small-time hustler, in Atlantic City.

City by the Sea (2002) - This crime drama, starring Robert De Niro and James Franco, is set in and around Atlantic City. It tells the story of a detective trying to solve a murder case while dealing with his estranged son, who may be involved in the crime.

American Hustle (2013) - While the film primarily takes place in New York and New Jersey, it features several scenes set in Atlantic City, New Jersey, which was a hotspot for political and criminal activities during the late 1970s.

THI NKM AGAZI NE. U S

THESE CINEMATIC GEMS OFFER A MULTIFACETED TAPESTRY OF TALES, EACH WEAVING ITS NARRATIVE AGAINST THE ICONIC BACKDROP OF ATLANTIC CITY. FROM THE DAZZLING LIGHTS OF THE CASINOS TO THE GRITTY ALLEYS TUCKED AWAY FROM THE TOURIST’S EYE, THESE FILMS PROVIDE A PANORAMIC VIEW OF ATLANTIC CITY’S MULTIFACETED PERSONALITY. THE HUMAN STORIES THAT UNFOLD AGAINST THIS VIBRANT BACKDROP CAPTURE THE ESSENCE OF THE CITY.

Rain Man (1988) - Starring Dustin Hoffman and Tom Cruise, this Academy Award-winning film features a memorable scene set in Atlantic City’s casinos. The story follows two brothers, one of whom is an autistic savant.

Louis Theroux: Gambling in Las Vegas (2007) - This documentary by British filmmaker Louis Theroux explores the world of gambling, including scenes set in Atlantic City. Theroux delves into the lives of gamblers and the impact of the casino industry.

21 (2008) - A heist film based on a true story, starring Jim Sturgess and Kevin Spacey. It follows a group of MIT students who use their mathematical skills to win big at the blackjack tables in Atlantic City’s casinos.

Rounders (1998) - While primarily set in New York City, this poker-themed film starring Matt Damon and Edward Norton includes scenes set in Atlantic City’s underground poker scene. The story follows a law student and his friend as they navigate the world of high-stakes poker.

The Pink Panther (2006) - This comedy starring Steve Martin and Kevin Kline includes the final scenes set in Atlantic City. Inspector Jacques Clouseau travels to the city to solve a murder case with his characteristic clumsiness and humor.

Mississippi Grind (2015) While not exclusively set in Atlantic City, this road trip drama starring Ryan Reynolds and Ben Mendelsohn includes scenes in the city’s casinos and along the Jersey Shore. The film follows two gamblers on a journey through various gambling towns, including Atlantic City. T HIN KMAGAZINE.US

: FIGURES

bruce seldon

allan Kaprow

Known as “The Atlantic City Express”, Seldon is a former professional boxer. He held the WBA heavyweight title from 1995 to 1996, most notably losing to Mike Tyson via knockout in his second defense.

Born in Atlantic City, Kaprow was a pioneering American installation and performance artist known for his “Happenings” and his contributions to the Fluxus movement.

cHris ford

dave tHomas

Ford was an American professional basketball player and head coach in the NBA Nicknamed “the Mad Bomber”. Born and raised in Atlantic City, Chris was credited with making the first official three-point shot in NBA history.

Born in Atlantic City, Thomas was a well-known comedian and actor, but he was better known as the founder of the fast-food chain Wendy’s—one of the major fast-food restaurant chains in the United States and internationally.

THI NKM AGAZI NE. U S

Atlantic City’s

notable figures ATLANTIC CITY, NEW JERSEY HAS BEEN HOME TO NUMEROUS NOTEWORTHY FIGURES WHO HAVE MADE SIGNIFICANT CONTRIBUTIONS IN VARIOUS FIELDS. THEIR IMPACTS, SPANNING MUSIC, LITERATURE, BUSINESS, AND SPORTS, HAVE ENDURINGLY SHAPED BOTH ATLANTIC CITY’S CULTURE AND ITS HISTORICAL LEGACY, EXTENDING THEIR INFLUENCE FAR BEYOND THE CITY LIMITS.

Helen forrest

Jacob lawrence

Born in Atlantic City, Forrest was an American jazz and big band singer She was renowned for her smooth and captivating vocal style, making her one of the leading female vocalists of the swing era.

Born in Atlanttic City, Lawrence was a renowned artist known for his vivid and dynamic depictions of African American life and history. He gained prominence during the Harlem Renaissance and is celebrated for his narrative series of paintings.

al dempster

norman JosepH woodland

Born in Atlantic City, Dempster was an art director and illustrator, known for Lady and the Tramp (1955), Sleeping Beauty (1959) and Mary Poppins (1964).

Born in Atlantic City, Woodland was an American inventor, best known as one of the inventors of the barcode. Later, employed by IBM, he developed the format that became the ubiquitous Universal Product Code (UPC). T HIN KMAGAZINE.US

Training and Support for Home Inspectors

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: HAPPENINGS

HARD ROCK

What ’bsuazlzl at HOTEL & CASINO | ATLANTIC CITY the hardrockhotelatlanticcity.com

IL MULINO NEW YORK For over 40 years, Il Mulino New York has prepared authentic Abruzzese cuisine with unparalleled service. Zagat has rated Il Mulino New York as Manhattan’s No. 1 Italian restaurant for decades and has said the restaurant provides “one-of-a-kind” cuisine filled with delicious flavors, creating an “outstanding Italian classic” restaurant where “every dish is a masterpiece.”

KURO: JAPANESE CRAFT KITCHEN New-style Japanese featuring contemporary artisanal dishes using locally sourced and imported ingredients directly from Japan. Menu items boast bold and complex flavors that are balanced and harmonious and designed with sharing in mind. Offering the freshest sushi, sashimi and hand rolls, premium A5 Japanese Wagyu Beef, a variety of Robata Charcoal Grill skewers, and delectable desserts.

TABLE GAMES Hard Rock Atlantic City is proud to offer a tempting array of table games, with plenty of ways to win big. You’ll find over 130 different tables to try your luck at, including blackjack, roulette, craps and so much more. Whether you enjoy playing for a few dollars at a small-stakes game or going big with the highest of high-rollers, you’ll find what you’re looking for at Hard Rock Atlantic City.

SPIN & WIN Hard Rock Atlantic City boasts an extensive selection of slots, with 2,300+ machines to help you win big. Find the newest and most popular slots at Hard Rock Casino Atlantic City. You’ll also find a wide range of themed slots to make sure everyone finds their favorite. Best of all, the payouts are big, meaning you’re just one spin away from living the rock-star lifestyle. Jackpot!

T H I NKM AGAZI NE. U S

WENTWORTH GALLERY The Wentworth Gallery at the Hard Rock Hotel & Casino Atlantic City is the place where rock and art meet. At Wentworth Gallery we offer an experience wrapped around your art purchase with the opportunity to meet our Rock Legend and World Renown Pop Artists such as Paul Stanley from Kiss, Mickey Hart from the Grateful Dead, Ric Ocasek from the Cars, and much more.

BERNIE ROBBINS JEWELERS For over 55 years, Bernie Robbins Jewelers has been the top luxury jeweler in the region. They have also received awards for excellence in design and renovation. The Bernie Robbins team is dedicated to providing knowledgeable and personalized service in a warm and inviting atmosphere. We are proud to house Bernie Robbins Jewelers in Atlantic City.

DUELING PIANOS Double down with Dueling Pianos at Hard Rock Cafe from 9PM–1AM. Our talented musicians engage in a musical showdown, playing your favorite songs from all genres. Whether you’re singing along to classic rock or tapping your toes to modern pop, there’s something for everyone. Join us for a night of fun, laughter, and unforgettable memories.

THE LOBBY BAR Sip and mingle in the heart of Hard Rock Hotel. The Lobby Bar is the resort’s social centerpiece, the perfect place to meet up and chill out with friends. With views of the hotel arrival, lobby, and casino, the Lobby Bar features an effortlessly cool vibe that sets the scene to indulge in crafted classic and contemporary cocktails.

ROCK SPA® & SALON Guests can choose from a variety of Atlantic City spa packages and salon services ideal for either a single treatment or full-day escape. Separate ladies’ and gentlemen’s areas include spacious locker rooms and lounges with steam and sauna—both leading to a co-ed Vitality Pool area featuring a large, heated hydrotherapy tub, ambient temperature tub, and specialty shower with three different experiences (Cool Mist, Caribbean Rain, and Atlantic Ocean).

T HIN KMAGAZINE.US

: SPOTLIGHT

WEALTH STORAGE FOR HOME INSPECTORS By: Nick Gromicko, CMI®

THI NKM AGAZI NE. US

DIGITAL WEALTH

recently attended a home inspector

you cash in those dollars for something you can

at the bank, so, therefore, it is digital wealth

marketing event where the inspector-

touch, it's just paper. Or worse, digital wealth.

and exposed to this counterparty risk. Countering Counterparty Risk with

attendees were encouraged to reveal how much their inspection companies made in

Digital Wealth and Counterparty Risk

gross revenue during the previous 12 months.

Digital wealth is wealth on paper or

The ones whose companies reached a certain

online. Examples of digital wealth include

Diversification is an effective way to reduce

level get to go up on stage and the audience

bank accounts, stocks, bonds, 401Ks and

counterparty risk. Spread out your deposits and

claps for them. It's really weird. Anyway, gross

ETFs. Digital wealth preservation is dependent

investments over multiple banks, institutions,

revenue is important. I'm guilty of emphasizing

on third parties fulfilling their obligations.

and locations. This will protect you from most

this importance myself, and even authored a

Counterparty risk is the possibility that some

disasters short of a national financial meltdown.

free book titled "Stacks: A Home Inspector's

third party you do business with will not live up

Now, I'm not a religious person (I don't

Guide to Increasing Gross Revenue." But

to its obligations.

increasing gross revenue is merely a way to

Diversification

go to church), but I continue to discover

When you have money in a bank... you

excellent financial tips in the Bible, so this

help increase net revenue. And net revenue is

actually don’t. You’ve loaned the bank your

article contains some Scripture. Regarding

merely a way to help increase your net worth

money. Your bank statement isn’t an accounting

diversification, the Bible gives us the following

or wealth. Wealth, —not gross revenue— is the

of how much money you have, but rather, how

advice:

ultimate goal of being in business. And wealth

much money you’ve loaned your bank. The

must be stored. The mistake I see many home

bank is obligated to repay you your money

“But divide your investments among seven or

inspectors making is that they are allowing

upon request, and perhaps pay you a little

eight places, for you do not know what risks

their measurement of gross revenue, which

interest for allowing them to borrow it. You are

might lie ahead.”

is made in dollars, trick them into thinking

relying on your bank to fulfill its obligations

—Ecclesiastes 11:2

dollars are a store of wealth. It's not. Dollars

and the risk of them failing to do so is the

are digital wealth (zeros and ones). And until

counterparty risk. You can’t touch your money

Now, this doesn't mean to invest in seven T HIN KMAGAZINE.US

: SPOTLIGHT

NOTES or eight stocks in the stock market. That's not

longer backed by gold. Today's dollar is simply

diversification. That's putting all your eggs in

a written promise that entitles you to exchange

one basket, one fraught with counterparty risk.

it for other promises. You have the right to

Nowadays, everything costs about ten times

•

A new car was $2,500.

This leads us to the very best way to

exchange two $10 bills for a $20 bill, or a $100

as much as it did in 1962. That means that,

protect your wealth... counterparty risk-free

bill for ten $10 dollar bills, or whatever. They

since I was born, the dollar has lost 90% of its

wealth storage. For centuries, the rich have

are only paper notes, as is all fiat currency. The

purchasing power.

stored their wealth in hard assets: farmland,

U.S. dollar is referred to as a "note" on the front

railroads, castles, fine art, and precious metals.

of the dollar itself, twice. Can you spot them

is the result of "corporate greed." They've

You can, too. Here are the hard assets you

both?

redefined the word inflation to mean

should consider, and the ones to avoid. Cash

Politicians will tell you that rising prices

Not only are dollars just paper promises

rising prices and blame inflation on those

(notes), but they also lose purchasing power

companies who increase their prices. This

over time. $100 bills stuffed under your

incorrect definition even shows up in modern

Holding cash (actual $100 bills) removes

mattress lose purchasing power every minute.

dictionaries. But rising prices is not inflation.

the counterparty risk you’re exposed to when

In my lifetime (I was born in 1962), everything

Prices don't "inflate." That's not even English.

you keep money in a bank and have to rely on

has gone up in price about tenfold.

Prices rise. Rising prices is not inflation, it

that bank. That much is true. But dollars are

is the result of inflation. Here is how an old

notes. Notes are promises to pay. In the case of

Here are the costs of a few common items

(1951) Webster's Dictionary properly defines

U.S. dollars, the Federal Reserve issues these

sold in 1962:

inflation:

notes and if you have some in your wallet, you

•

First-class postage was 4 cents.

have a promise from the Federal Reserve to

•

A Coke was 10 cents.

is like claiming that wet sidewalks cause

pay you for those notes. Guess what they pay

•

A gallon of gas was 31 cents.

rain. Inflation is caused by Federal Reserve

you with – other notes. The U.S. dollar is no

•

Tennis shoes were $5.

increasing the money supply to cover

THI NKM AGAZI NE. US

Claiming that rising prices cause inflation

overspending by our government. And the

refuses to accept a check or credit card. Heavy

resulting loss of the purchasing power of our

equipment auctioneers and precious metal/

get older every day. As their age increases, so

currency is a tax on us all.

coin dealers often demand cash.

does their value. Eighteenth-century antiques

•

are becoming the new 17th-century antiques.

Since 1919, everything has almost gone up

If you don’t want a record or paper trail of a

Another advantage of antiques is that they

a hundredfold. For example, a loaf of bread in

transaction.

And even items from the 1970s are now being

1919 cost 4 cents. That means that in the past

•

sold as antiques or vintage collectibles.

100 years, the U.S. dollar has lost 99% of its

need to make bail.

purchasing power... and, yes, it will ultimately

•

lose all of it and go to zero. All fiat currency in

some cash with you when you travel, since you

useful life usually based on the period of time

human history eventually goes to zero.

never know when there might be a problem

that they have productive capacity. Over time,

with your credit card.

antiques depreciate, eventually having little

If you think you might get arrested and will If you are planning a trip. It's good to bring

“I have seen a grievous evil under the sun: wealth hoarded to the harm of its owners, or

or no residual value. During the period of Now, let’s move on to harder assets:

wealth lost through some misfortune, so that when they have children there is nothing left for them to inherit.” —Ecclesiastes 5:13-14 In summary: saving dollars is unwise. That

Also, most antiques are considered to be wasting or depreciable assets. Assets have a

depreciation, the antique is called a "wasting asset" and is not subject to inheritance or

Antiques An antique is an object that has a high

capital gains tax. And, finally, antiques can be bought, kept, and sold anonymously.

value because of its considerable age. The big advantage of using antiques as a store of wealth

Nick’s Tips Regarding Antiques:

is their growing rarity. Over time, historic

•

said, there are are a few reasons to save some

collectibles become more and more scarce,

(not reconditioned) and undamaged.

actual green cash:

as they are lost or damaged. As the rarity of

•

If you think your bank account may be

something increases, so does its value. Visit

either partially or completely, from precious

frozen or confiscated by a creditor or the IRS.

nachi.org/museum to view the first battery-

metals. Therefore, an increase in the price

•

powered flashlight from 1894, on display at the

of gold and silver will put additional upward

Inspector Museum.

pressure on the value of antiques that include

purchase something from someone who

Many investment-grade antiques are made,

ANTIQUES

If you think you might need cash to

Only buy antiques that are both authentic

T HIN KMAGAZINE.US

: SPOTLIGHT

GUNS these precious metals. Consider buying such antiques. •

In the future, people will accent their

A rifle or pistol is an heirloom that can be passed on from generation to generation. Anti-gun legislation often has the effect

some 100 million unarmed people having been slaughtered by tyrants in the last century, I believe that guns are the ultimate socialresponsibility purchase.

modern interiors with small antiques. So,

of increasing the value of the guns being

choose antiques that don’t take up a lot of

regulated or banned. When there was talk of

room. If it can't fit through a standard doorway,

banning rifles like AR-15s and AK-47s, prices

Antique and unfired guns command higher

who would realistically ever buy it from you?

quadrupled, and gun stores' inventories were

prices.

Smaller is better, and also less expensive to

depleted almost overnight. There is also nearly

store.

always a spike in gun sales after mass shootings

People own guns for different reasons.

•

Don’t cater to the ultra-rich by storing

for two reasons. Law-abiding citizens fear that

Guns are owned by: Second Amendment

million-dollar Ming vases. Buy antiques that are

government regulation will become stricter.

activists, people concerned with self-

in the upper-middle range of the market where

Secondly, people buy guns for protection

protection, survivalists, hunters, collectors,

most future antique buyers will be. Antiques in

whenever a public shooting takes place.

gun sport enthusiasts, and investors. The one

Is it ethical to invest in guns? Billionaire

big disadvantage: Before you pull the trigger

You may want to enjoy your antiques in

Warren Buffett once answered that question

on investing in guns, remember that guns are

your home while you are storing them, using

by explaining that his personal political views

dangerous if left unsecured in homes with

each piece as it was designed to be used. A

should not enter into the investment choices he

children or with people who are suicidal.

future buyer will likely want to do similarly. So,

makes for Berkshire Hathaway, the $500 billion

curate a functional collection.

conglomerate he leads.

Nick’s Tips Regarding Guns:

Guns

“I don’t believe in imposing my views

Keep guns safely locked up. Try to maintain a

the $250-to-$15,000 range are in the sweet spot. •

Obviously, clean your guns before storing. on 370,000 employees and a million

steady relative humidity in the room. Use gloves

today that will stay in working order for decades

shareholders. I’m not their nanny on that.”

when handling or showing the guns to others.

to come. Well-made guns can last almost

—Warren Buffet

Visit Nick's Gun Vault.

There are very few products you can buy

forever when cared for properly, and they rarely depreciate. 48

THI NKM AGAZI NE. US

Even without Mr. Buffet’s blessing, with

Lots and Raw Land

Raw land is land in its natural state, with few

•

Are there any easements?

utility mains to one, she was able to provide

or no man-made improvements. What makes

•

Will you have public or deeded access to

public utilities to the others at little additional

something valuable, in part, is its rarity, and raw

the property?

cost. She can share and move equipment easily

land is becoming more and more scarce every

•

between parcels. When she is working on one,

day. There simply is a limited quantity available

environmental concerns? Was there ever any

she can keep an eye on the other. And, finally,

on Earth, and they aren’t making any more of it.

industrial pollution or contamination on or

she uses synergy to assure her property values

near the property?

aren't harmed by her neighbors. She is her own

unlike residential homes. You can often buy

•

Is it susceptible to wildfires?

neighbor.

raw land at a discount if the seller wants a quick

•

What is the soil type and what can it be

sale.

used for? Is there topsoil?

Land investors have very few competitors,

Are there any contaminants or

Nick’s Tips Regarding Raw Land:

•

Does it come with mineral rights?

Talk to the neighboring property owners

Do your homework (due diligence):

•

Is or was there mining underneath?

about the land. Look for elderly farmers who

•

Look for ways to quickly generate income

are retiring. View mature hardwood trees

much will they be after you buy the land?

with the land. Leasing it to a nearby farmer or a

as a valuable asset. Look at its proximity to

•

What are the zoning and permitted uses?

hunter, or for self-storage, parking or billboards

other desirable locations, such as schools and

•

How much are the property taxes? How

Are accessory buildings permitted? Often,

can provide some revenue to reduce carrying

shopping. Purchase in the path of growth. Buy

they are not unless there is already a primary

costs and “babysit” the land while you hold it.

at the bottom of the market, during a recession,

residence on the property.

•

and then sell in the recovery. Avoid buying

•

What are the building height restrictions?

or do anything. There's no construction, no

any property governed by a homeowner’s

•

Are there any covenants (restrictions)?

renovations, no expertise, no maintenance.

association (HOA).

•

What is the topography? Is it in a floodplain

With vacant land, you don’t need to know

In 2018, my wife bought a small organic

or does it contain a wetland?

farm. She also bought the small farm next to it,

•

and the lot next to that one. Why? By buying

What utilities are available? Is there public

Fine Art Don’t do it. Art has no intrinsic value.

the properties next door, she protected her

It cannot be regularly marked up to some

water tap fee?

view of the mountains. When she ran public

market price. There is no way of knowing what

LOTS & LAND

water, sewer, gas, and/or electrical? What is the

T HIN KMAGAZINE.US

: SPOTLIGHT

GROCERIES Fruit Trees

it is worth at any given moment. Buying art is

food, aluminum foil

gambling in an illiquid realm dominated by a

paper towels, and toilet paper. And if you are

handful of players who all likely know more

also storing for emergency purposes, don’t

an upfront cost and then some maintenance in

than you do. Visit nachi.org/museum to view

forget large quantities of water. I prefer water in

the investment each year, but the maintenance

the abstract painting of a house with defects, on

glass bottles. I also have four 55-gallon drums

costs generally go down quickly over time.

display.

of chlorine-treated water stored... just in case.

A decent 3-year-old tree will cost you about

“Precious treasure and oil are in a wise man's

$150. You'll need a pollinator, and so there is a

dwelling.” —Proverbs 21:20

minimum investment of two trees. During the

Groceries and Staples The cost of food increases at the same rate as

Fruit trees are an investment that requires

first year, your trees will also need water to get

inflation, so there is no disadvantage to storing

Nick’s Tips Regarding Food Storage:

established. So, your initial investment including

food and supplies in case of an emergency. A

•

your labor and water will be around $600. After

home grocery store will be to you and your

buy stocks at an 80% discount?

a couple years, your two fruit trees will be

family as the ark was to Noah and his family.

•

producing 150 pounds of fruit per year. Organic

Here are some supplies you should consider

Buy in bulk to save as much as 80%. Can you Store your food in a cool, dry place away

from sunlight. A basement is ideal.

fruit costs about $1.50 per pound. So, two fruit

storing: Energy bars, military MREs (Meals

•

Store what you eat and eat what you store.

trees producing $225 worth of fruit a year will

Ready-to-Eat), canned goods, wheat (hard

•

Rotate your stock.

generate a 37% return on your initial investment.

red), rice (white rice stores longer than brown, but has fewer nutrients), dried beans, dried lentils, oatmeal, corn (whole kernel), peanut

Diamonds Diamonds are a depreciating asset

Jewelry Forget jewelry with one exception: jewelry

butter, dried fruit, honey (liquid/pure stores

masquerading as an investment. When you buy

where the bulk of the value of the jewelry is in

the longest), sugar, canned sardines, tuna, and

a diamond, you buy it at retail, which is at a

the gold or silver used to make it. Then, you are

salmon, cooking oil, olive oil, nuts, nut butter,

100% to 400% markup! There are 4 trillion tons

merely storing gold in the form of jewelry, which

powdered milk, vinegar, salt (large supply),

of diamonds in the world... 4 trillion tons! They

is fine. Visit inspectoroutlet.com/cmi-ring.aspx

baking soda, nitrogen-packed food, freeze-dried

aren’t rare and they don’t appreciate. In short,

for more.

food, ground coffee, vitamins, baby food, pet

diamonds are nonsense.

T H I NKM AGAZI NE. US

Classic Cars Storing classic cars as an investment usually requires three 1

a love for the model (nostalgia);

the mechanical skills to maintain the car; and

the room to store the car indoors.

I don’t believe classic cars are a good investment any longer because millennials don’t care much about cars. They grew up using Uber. I've asked many young people who work for me to guess when my 1929 Ford Model A pickup truck was manufactured. The most-often response I get is "The 1950s?" Also, older cars are horrible to drive. They are small,

CLASSIC CARS

things (at a minimum):

uncomfortable, and handle worse than the cheapest new car. Nick’s Tips Regarding Classic Cars: If you are going to invest in a classic car, store it right. Here are some storage tips: •

Give the vehicle a good wash and wax. Putting on and

removing a vehicle cover will lead to unwanted scratches if the car is dirty. •

Change the oil and filter.

•

Fill the antifreeze.

•

Fill the tires with air.

•

Fill the fuel tank (preferably with premium) and add fuel

stabilizer. The fuller the tank, the less room there will be for air, which carries moisture that can lead to fuel contamination and rust. •

Run the vehicle to move the fuel stabilizer into the carburetor.

•

Put baking soda boxes in the interior and trunk.

•

To keep out insects and vermin, put a plastic bag over the

air cleaner/air inlet and exhaust pipe(s), or cover them with aluminum foil. •

Place mothballs in the tailpipe and around the outside of the

car. •

Spray dry Teflon lube or silicone spray on all the

weatherstripping to keep it from bonding to the doors. •

Close all the windows and doors.

•

Select a dry, dark location with concrete flooring. If you must

store your car on a dirt floor, place a plastic barrier under the vehicle, and place carpet pieces or plywood under the tires. •

Unhook the battery and store it separately—preferably, where

it will not freeze. •

Place the vehicle on jack stands. This step stops the tires from

getting flat spots and adds longevity to the suspension. •

Cover the vehicle with a breathable fabric (or just a cotton

sheet) that doesn’t trap moisture.

T HIN KMAGAZINE.US

: SPOTLIGHT

Sports and Entertainment Memorabilia Unless you are in the sports memorabilia

Nick’s Tip Regarding Stamps

cheap bottle of wine that my friend's dad would

business, it’s a very tough market to navigate,

recommend is buying U.S. Postal Service

never miss. We chose the dustiest old bottle out

especially with dealers rigging auctions, bidding

Forever Stamps just before they go up in price.

of about 300 bottles of wine and, that night, we

up their own items, tampering with collectibles,

For example, in January 2019, Forever Stamps

drank it all. Unfortunately, that was the lone,

and forging signatures. Fraud is so common

went up 10% in one day, and they announced the

ultra-expensive bottle of wine.

in the sports and entertainment memorabilia

day ahead of time.

world that the entire industry has become a joke.

On a side note, if you've ever received mail from the Master Inspector Certification Board

I do recommend investing in whiskey for the following reasons:

And even if you could buy something

(and we send out tens of thousands of pieces

authentic, like the collector who paid $3

of mail a year), you'll note that we used actual

million in 1999 for the home run ball that Mark

stamps (not metered postage). We do this

It may not be getting any better after a certain

McGwire hit, appreciation isn’t guaranteed.

because people open letters that are stamped

number of years, but it doesn’t get worse. The

Now that McGwire admitted to using steroids,

with real stamps.

minimums are ten years for bourbon, and

you'd be lucky to sell that ball for $100,000. Stay away from memorabilia as an investment strategy. Nick’s Tip for Investing in Memorabilia:

It’s not possible for whiskey to get too old.

20 years for scotch. Whiskey has an almost Wine and Whiskey I don't recommend investing in wine for the

indefinite shelf life. As long as the bottle is kept out of direct sunlight, the Scotch Whisky will

following reasons: It requires some expertise.

neither improve nor deteriorate, even if it is

You must store the wine correctly. You will

opened. And, in a survival situation, whiskey

If you are procuring the autograph in

probably want to insure it. Wine takes up a lot

can be used as a combustible, a solvent, and a

person, take a picture of the celebrity signing the

of space. Wine bottles break. Some wine spoils.

disinfectant. Drinking a little whiskey each day

item with you in the background of the picture.

Your investment might suffer loss from use

has several health benefits.

This will provide provenance (evidence that the

(drinking it). You’ll likely have to wait a decade

autograph is authentic).

to see significant appreciation. Selling the wine

Nick’s Tip Regarding Whiskey

My friend Joe Theismann, a Super Bowl

at auction takes a lot of work and the auction

Store bottles upright, not on their side (like

champion quarterback, was gracious enough

house charges fees. Wine is liquid without

wine)—to protect the cork from the high-

to stop by the InterNACHI® House of Horrors®

liquidity.

strength alcohol.

Home Inspector Training Facility and autograph footballs for the entire staff. Stamps

the wine cellar. Surely, we could pick out some

The only investing in stamps that I

When I was a teenager, I had a friend from a wealthy family. I was staying overnight at his

Old Paper Currency and Banknotes

house one night as his father prepared to go on

Old notes can be a fairly good investment.

a business trip, leaving us alone. His father's last

The pricing of paper currency and banknotes is

Unless you are an expert in this area, I

words were, "Boys, stay out of my wine cellar.

more stable than old coins because unlike old

would stay away from collectible and even

Most of the wines are inexpensive, but there is

coins, paper isn't affected by the fluctuations

investment-grade stamps. There is just too much

one bottle down there that's worth $25,000."

in precious metals like coins are. Paper notes

to know. Furthermore, stamp collecting is a

After he left, and being all alone in the house,

are also beautiful. They are works of art.

hobby of past generations.

we just couldn't help ourselves. We headed to

And they don't take up much room to store.

T H I NKM AGAZI NE. U S

The problem with old notes is that they are

process.

would have used it instead of sewing gold into

easy to counterfeit. In fact, they were often

•

the insides of their coats.

counterfeited back in the year they were

used as currency. It's just too expensive per

Silver and Gold

released. Because of counterfeiting, you should

transaction. One Bitcoin transaction uses as

I saved the best for last. In my opinion, the best

only buy graded notes. Paper currency grading

much energy as it takes to power the average

store of wealth is silver and gold, and here is

is the process of determining the grade or

American home for 6 weeks. Using Bitcoin isn't

why:

condition of a bank note, one of the key factors

just expensive, it's unconscionable.

•

in determining its value. I would even say that

•

Crypto is nothing. Unlike gold, it isn't

silver or gold, but it is relatively small compared

the grade isn't as important as it being graded.

used in jewelry, industry, or held by the world's

to anything else you buy in life. Costco, at 15%,

Being graded, regardless of the grade, at a

central banks.

has the lowest markups of any retail store in

minimum verifies that the note is authentic.

•

Crypto promotors spend millions on

America. Their margin is often described as

Visit Nick’s Paper Currency and Banknotes at

advertising. They are running a "Gold is dead"

“razor thin.” Silver and gold have premiums of

nickgromicko.com/collections/paper-currency-

TV ad promoting Bitcoin. And FTX recently

half of that (around 7%). If you buy right and

and-bank-notes.

paid $130 million to put its name on the Miami-

in any serious quantity, you can often get that

Dade County Sports Arena. Where is all that

premium down under 3%.

Cryptocurrency

money coming from? Crypto doesn't produce

•

anything to make money to pay for advertising.

stores of value. Gold, however, is worth

Yes, there are only 21 million Bitcoins, but there

•

Cryptocurrencies aren't like stocks. Crypto

significantly more per ounce than silver and it

is an infinite supply of competitors to Bitcoin

doesn't produce products, services, profits, or

is also the denser of the two metals, making the

and thousands more being created every

dividends. The only way your crypto can go

volume of gold worth far more than an equal

year. Would you invest in a business that had

up is if someone out there is willing to pay you

volume of silver.

thousands of competitors?

more for it. It only goes up and down based on

•

demand.

especially gold—are nearly indestructible and

Bitcoin isn't limited in quantity like gold it.

Crypto isn't anonymous like gold is. In

Bitcoin in particular is never going to be

Markup You pay a premium when you buy

Storage Both are compact (albeit heavy)

Indestructibility Silver and gold—

early 2022, the U.S. Department of the Treasury

Crypto is pure speculation, only. I can

confiscated a whopping 3.1 billion dollars worth

only think of one use for crypto and that is

gold in your home and your home burns to the

of crypto across numerous platforms from

to transfer money across national borders or

ground, your gold melts into gold.

people around the world. This not only proves

to move your wealth with you to a different

•

the government can find your crypto, but that

location. I suppose if Jews who were escaping

is difficult to counterfeit because it is one of the

they also have no problem taking it without due

WWII Germany had access to crypto, they

heaviest metals. Fake bars can be detected by

will last thousands of years. If you are storing

FINE GOLD

Difficult to Counterfeit Gold in particular

T HIN KMAGAZINE.US

: SPOTLIGHT simply measuring their specific gravity. •

Transportability It’s easier to transport

gold ever mined in all of human history could

Prepare

fill only about two Olympic-size swimming

Store wealth in good times so you have

gold than silver, but both can be moved and

pools. There is even less silver than gold.

something to help you get through lean times,

shipped easily. Silver and gold coins and bars

•

are regularly shipped when bought and sold.

gold have been used for monetary exchange.

retirement, or for when your body simply

All civilized nations recognize gold as the

prohibits you from doing the physical work

100% fungible in that one ounce of silver or

number-one standard of value. Central banks

of being a home inspector. In the following

gold anywhere in the world is worth what

around the world don’t store diamonds...

passage from Genesis, Joseph advises the

every other ounce is worth.

they store gold. As Chief Global Strategist for

Pharaoh to do similarly for his people:

•

Fungibility Silver and gold are considered

History For thousands of years, silver and

such as the coming collapse of the dollar, for

Market Price It’s a simple matter to look

Euro-Pacific Capitol said: "Gold has worked for

up the value of any silver or gold coin or bar

thousands of years, but now, with the Internet,

“Let Pharaoh appoint commissioners over

without a professional appraiser. Prices are

it works even better" —Peter Schiff

the land to take a fifth of the harvest of Egypt

always available online in real time.

•

Legitimacy "No State shall enter into

during the seven years of abundance. They

Divisibility Both silver and gold are easily

any Treaty, Alliance, or Confederation; grant

should collect all the food of these good years

divisible. You can buy and sell gold dust or gold

Letters of Marque and Reprisal; coin Money;

that are coming and store up the grain under

bars. Both are used in coin money and come in

emit Bills of Credit; make any Thing but gold

the authority of Pharaoh, to be kept in the cities

multiple denominations.

and silver Coin a Tender in Payment of Debts;

for food. This food should be held in reserve for

pass any Bill of Attainder, ex post facto Law, or

the country, to be used during the seven years of

Law impairing the Obligation of Contracts, or

famine that will come upon Egypt, so that the

grant any Title of Nobility."- Article I, Section

country may not be ruined by the famine.” —

World Central banks don't store $100 bills or

10, Clause 1, U.S. Constitution.

Genesis 41:34-36

diamonds in their vaults. They store gold.

•

Used in Jewelry Both silver and gold are

used in making jewelry. •

•

Stored by Central Banks Around the

Gold is Tier 1 Capital Tier 1 capital is the

Anonymity You can buy and sell silver and

gold for cash. There is no state, province, or

The U.S. government ran up a $35

most perfect form of a bank's capital. It's part

country that requires its citizens to report their

trillion debt. They wasted $9 trillion waging

of the reliable money the bank has stored to

silver or gold holdings.

the longest two wars in U.S. history on the

keep it functioning. Gold is considered to be

•

Tier 1 capital.

are unbelievably beautiful.

never forget that not a single 9-11 hijacker,

•

mastermind, or financier was Afghan or Iraqi.

•

Used in Industry Both silver and gold

Beauty Silver and gold—especially gold— One more Gold's competitor, the U.S.

wrong two countries. We must never forget...

are used in industry. Silver is a good electrical

dollar, has recently been weaponized by

Not one. Our government has nothing saved

conductor and has the highest thermal

President Joe Biden. Biden put other nations

for us. Therefore, each of us individually must

conductivity of any metal. Silver is used to

on notice that if they do or say something

store our own grain.

make solder, silverware, solar panels, media

America doesn't like, he will use the dollar's

storage, and batteries. Gold is used in dentistry,

status as the world's reserve currency to harm

worse thing is to be given a life sentence.

cell phones, computers, medicine, architecture,

them. He even confiscated other nations'

Imagine this. You’ve committed no crime and

and satellites. Gold is so malleable that NASA

dollars. This has caused the world to seek to

you haven’t been found guilty of anything. Yet

covers the visors of their astronaut's helmets

de-dollarize and turn to gold as a safer store of

the judge sentences you, and the punishment is

with a see-through layer of it to fend off

wealth.

horrific:

What to buy?

“The court hereby orders that you work until

Jesus was sentenced to death. Then next

dangerous effects of solar radiation. •

Liquidity Both gold and silver are

extremely liquid assets. When you are ready to

My personal advice for investing in silver

you physically can’t work anymore, without

unload some metal, you can sell it at virtually

is to buy new U.S. or Canadian 1-ounce rounds

possibility of parole. This may mean you must

any pawn shop, coin store, jewelry shop, on

(coins) or bars up to 100 ounces.

labor for years, decades, or even the rest of

eBay, or to individuals. The gold and silver

your entire life. And at the end of serving your

gold is to buy pre-1933 U.S. coins in any

sentence, the court orders that you have no

never have to worry about getting stuck with

denomination. This provides a smidgen

more assets than when you began serving your

either.

of numismatic value and some additional

sentence.”

•

Scarcity Silver and gold are scarce. They

are both hard to find and getting harder to find and more expensive to mine every day. All the 54

My personal advice for investing in

markets are about as liquid as it gets, so you

THI NKM AGAZI NE. US

demand simply because they are old, while still maintaining their minimum melt value.

Don’t work for years and end up with nothing to show for it.

: THINK RED CARPET

INAUGURAL SOUTH FLORIDA CHAPTER OF INTERNACHI

ick Gromicko, the visionary leader and founder of InterNACHI delivered an electrifying speech at the inaugural Florida Chapter event on September 7th at the Pro-Lab® headquarters in Weston, Florida. With his unparalleled expertise in the field, Gromicko inspired a roomful of professionals, sharing insights that will undoubtedly shape the future of home inspection. His dynamic presence and dedication to the industry left an indelible mark, setting the stage for a promising journey ahead for InterNACHI’s Florida Chapter.

THI NKM AGAZI NE. US