"hk" wrote in message
. ..
Calif Bill wrote:
"BAR" wrote in message
. ..
hk wrote:
JoeSpareBedroom wrote:
"hk" wrote in message
. ..
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.

"Calif Bill" wrote in message
...

"hk" wrote in message
. ..
Calif Bill wrote:
"BAR" wrote in message
. ..
hk wrote:
JoeSpareBedroom wrote:
"hk" wrote in message
. ..
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.

D.Duck wrote:
"Calif Bill" wrote in message
...
"hk" wrote in message
. ..
Calif Bill wrote:
"BAR" wrote in message
. ..
hk wrote:
JoeSpareBedroom wrote:
"hk" wrote in message
. ..
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.

hk wrote:
D.Duck wrote:
"Calif Bill" wrote in message
...
"hk" wrote in message
. ..
Calif Bill wrote:
"BAR" wrote in message
. ..
hk wrote:
JoeSpareBedroom wrote:
"hk" wrote in message
. ..
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.

"hk" wrote in message
...


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

Stock up on salt.

Eisboch

Eisboch wrote:
"hk" wrote in message
...

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

Stock up on salt.

Eisboch



No need. I know Lot's wife. She's a pillar of the community.

wrote:
On Tue, 22 Jan 2008 21:34:38 -0500, hk wrote:

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


You should own a bag or two of silver coins if you are looking for
hard money. It is hard to make change for a Krugerrand when you are
buying groceries

While gold and silver can be a valuable hedge against inflation or a
server recession and/or depression, it would have no value if there was
a complete breakdown in government and society. Barter for real goods
and services would be the new coin. Gold only has value if people
believe it has value, the same as with our paper money.

As with most of Harry's investment and economic advice, it is based upon
half baked ideas.

On Wed, 23 Jan 2008 12:22:00 -0500, "Reginald P. Smithers III"
"Reggie is Here wrote:

wrote:
On Tue, 22 Jan 2008 21:34:38 -0500, hk wrote:

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


You should own a bag or two of silver coins if you are looking for
hard money. It is hard to make change for a Krugerrand when you are
buying groceries

While gold and silver can be a valuable hedge against inflation or a
server recession and/or depression, it would have no value if there was
a complete breakdown in government and society. Barter for real goods
and services would be the new coin. Gold only has value if people
believe it has value, the same as with our paper money.

Whoa. You're saying my VISA card won't work. Even the platinum?
Oh ****.

--Vic

Vic Smith wrote:
On Wed, 23 Jan 2008 12:22:00 -0500, "Reginald P. Smithers III"
"Reggie is Here wrote:

wrote:
On Tue, 22 Jan 2008 21:34:38 -0500, hk wrote:

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

You should own a bag or two of silver coins if you are looking for
hard money. It is hard to make change for a Krugerrand when you are
buying groceries
While gold and silver can be a valuable hedge against inflation or a
server recession and/or depression, it would have no value if there was
a complete breakdown in government and society. Barter for real goods
and services would be the new coin. Gold only has value if people
believe it has value, the same as with our paper money.

Whoa. You're saying my VISA card won't work. Even the platinum?
Oh ****.

--Vic

In the complete breakdown of goverment and society, your Gold and
Platinum Visa cards would still work, they rest of them would be
useless.

Try to use a pressure cooker, it will help to tenderize them.

Vic Smith wrote:
On Wed, 23 Jan 2008 12:22:00 -0500, "Reginald P. Smithers III"
"Reggie is Here wrote:

wrote:
On Tue, 22 Jan 2008 21:34:38 -0500, hk wrote:

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

You should own a bag or two of silver coins if you are looking for
hard money. It is hard to make change for a Krugerrand when you are
buying groceries
While gold and silver can be a valuable hedge against inflation or a
server recession and/or depression, it would have no value if there was
a complete breakdown in government and society. Barter for real goods
and services would be the new coin. Gold only has value if people
believe it has value, the same as with our paper money.

Whoa. You're saying my VISA card won't work. Even the platinum?
Oh ****.

--Vic


Gold has been highly valued for thousands of years. If there is a
general collapse, it will be something easily traded for valuable goods
and services.