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Reginald P. Smithers III[_9_]

hk wrote:
D.Duck wrote:
"Calif Bill" wrote in message
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"hk" wrote in message
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Calif Bill wrote:
"BAR" wrote in message
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hk wrote:
JoeSpareBedroom wrote:
"hk" wrote in message
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JoeSpareBedroom wrote:
"hk" wrote in message
news wrote:
On Tue, 22 Jan 2008 08:50:19 -0500, hk
wrote:

IBM is still in business?
They actually opened a couple bucks higher today. It is
still about
16-17 bucks off the 52 week high. I am still not sure what
they do
these days
Except for two stocks, we got out of the stock market years
ago and don't really pay any attention to it, except to
chuckle over its vagaries and the belief anyone pays to its
"integrity."
What a silly generalization.
Perhaps you believe in the "generally accepted accounting
practices" of listed companies. We don't.
OK. What investments do you use which have consistently stayed
ahead of inflation?

These days, commercial real estate for income and appreciation,
and some raw land options which we picked up and exercised in the
early 1990s. Every couple of years we sell off a lot and at some
point, we'll probably sell the remaining lots to a respectable
architect/developer. We've done very well with the land
speculation. :-)

We also bought gold in the low $400s. Not certificates, coins.
And we have some money invested in private businesses, a real
speculation on our part, but the bookkeepers are honest.
Your land speculation is just that speculation. I could take stock
in a publicly traded company and turn it into cash money tomorrow.
You land sale has to wait for a buyer and the subsequent deal to
actually go through.

Why would you buy gold coins? Are you digging a bomb shelter in
your backyard too?

Liquid assets, let me repeat that liquid assets.
Physical gold sucks as an asset for protection. Go with an ETF
like GLD. Sells for 1/10 of an ounce of gold a share. Very liquid,
and gives you the gold tracking.

Under a worse case scenario, the only thing you are going to be able
to do with an ETF is wipe your butt.

Do I think this country is going to come apart at the seams and
devolve into a violent revolution? You betcha. Maybe not in my
lifetime, but the devolution is a lot closer than I ever thought it
will be. Real gold will smooth the way of some of the survivors.
And the gold will ease your way? Actually GLD has physical gold
stocks. In case of a violent revolution, better to have guns and / or
be around a guy like Shortwave. Or both.

Maybe after the revolution trade will be in beads.

Gold has a bit of history as a valuable item. Beads, too. Paper?
No thanks.

LOL, I hope you are storing soup cans and water for the big devolution.