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Richard Casady Richard Casady is offline
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First recorded activity by BoatBanter: May 2007
Posts: 2,587
Default Time to buy that boat?

On Sat, 21 Feb 2009 21:26:18 +0700, Bruce in Bangkok
wrote:

On Sat, 21 Feb 2009 11:19:39 +0000, IanM
wrote:

Joe wrote:
On Feb 20, 7:40 pm, Larry wrote:
"Capt. JG" wrote areasolutions:

I suggest you hoard your gold... quietly.
Cleared $1000 easy, in today's bloodbath, but fell back as the dumping
started.

You should get a sailboat and use gold as ballast.
A cubic foot weighs over 1200 pounds.
Shiney cantering gold keel perhaps.


Too high a risk of keel failure ;-(

back in the 80's my brother (USCG) rescued a couple who had all of
their retirement and savings on the boat in gold coins. Over 250K.
They sold everything and were going to enjoy a life of cruising. The
boat , a trawler, pitch poled and "exploded" into a thousand chunks of
fiberglass when it flopped down off a rolling wave crest. All the gold
was lost. They were told a dozen times not to attempt crossing the bar
but due to fatique they decided to risk it.

Well that's another way to loose everything. It sounds like their gold
was poorly stowed.

I've contemplated this before. If I was the tax man, I'd take a *very*
close look at anyone casting their own keel!


There was a book written about doing just that. The Golden Keel,
Desmond Bagley, is about smuggling gold out of Italy by casting a gold
keel for a delivery yacht. Not a bad read.

There is a book about that same thing only it was diamonds Smuggled
out of Britain to evade currency restrictions and smuggled back inside
an engine from a lethal wreck near Tahiti.
Trustee From the Toolroom by Nevil Shute is what I sort of remember,
so i checked, Suspicion confirmed.

Casady