Calif Bill wrote:
"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.


Damn right. You can trade gold for goods and services. Try that in a
post-revolutionary future with a piece of paper.

hk wrote:

Damn right. You can trade gold for goods and services. Try that in a
post-revolutionary future with a piece of paper.

I'd rather have a big mean nasty dog, a couple of sidearms and some
rifles and a few shotguns. And, about 40 to 50 thousands rounds of ammo.

BAR wrote:
hk wrote:

Damn right. You can trade gold for goods and services. Try that in a
post-revolutionary future with a piece of paper.

I'd rather have a big mean nasty dog, a couple of sidearms and some
rifles and a few shotguns. And, about 40 to 50 thousands rounds of ammo.



What are you going to do, force a plumber to work at gunpoint?

hk wrote:
BAR wrote:
hk wrote:

Damn right. You can trade gold for goods and services. Try that in a
post-revolutionary future with a piece of paper.

I'd rather have a big mean nasty dog, a couple of sidearms and some
rifles and a few shotguns. And, about 40 to 50 thousands rounds of ammo.



What are you going to do, force a plumber to work at gunpoint?

Your assumption that the pluming will be working is a hoot.

BAR wrote:
hk wrote:
BAR wrote:
hk wrote:

Damn right. You can trade gold for goods and services. Try that in a
post-revolutionary future with a piece of paper.

I'd rather have a big mean nasty dog, a couple of sidearms and some
rifles and a few shotguns. And, about 40 to 50 thousands rounds of ammo.



What are you going to do, force a plumber to work at gunpoint?

Your assumption that the pluming will be working is a hoot.


The plumbing in my house will work.

hk wrote:
BAR wrote:
hk wrote:
BAR wrote:
hk wrote:

Damn right. You can trade gold for goods and services. Try that in
a post-revolutionary future with a piece of paper.

I'd rather have a big mean nasty dog, a couple of sidearms and some
rifles and a few shotguns. And, about 40 to 50 thousands rounds of
ammo.



What are you going to do, force a plumber to work at gunpoint?

Your assumption that the pluming will be working is a hoot.


The plumbing in my house will work.

Who's going to supply your electricity? That stuff doesn't come out of
the holding take under the double with without a pump.

"hk" wrote in message
. ..
BAR wrote:
hk wrote:

Damn right. You can trade gold for goods and services. Try that in a
post-revolutionary future with a piece of paper.

I'd rather have a big mean nasty dog, a couple of sidearms and some
rifles and a few shotguns. And, about 40 to 50 thousands rounds of ammo.



What are you going to do, force a plumber to work at gunpoint?

Go take the gold from some dufus with just a small glock.

Calif Bill wrote:
"hk" wrote in message
. ..
BAR wrote:
hk wrote:
Damn right. You can trade gold for goods and services. Try that in a
post-revolutionary future with a piece of paper.
I'd rather have a big mean nasty dog, a couple of sidearms and some
rifles and a few shotguns. And, about 40 to 50 thousands rounds of ammo.


What are you going to do, force a plumber to work at gunpoint?

Go take the gold from some dufus with just a small glock.




Anyone hoarding gold in case of societal collapse will have something
heavier than a GLOCK pointing back at you.

hk wrote:
Calif Bill wrote:
"hk" wrote in message
. ..
BAR wrote:
hk wrote:
Damn right. You can trade gold for goods and services. Try that in
a post-revolutionary future with a piece of paper.
I'd rather have a big mean nasty dog, a couple of sidearms and some
rifles and a few shotguns. And, about 40 to 50 thousands rounds of
ammo.


What are you going to do, force a plumber to work at gunpoint?

Go take the gold from some dufus with just a small glock.



Anyone hoarding gold in case of societal collapse will have something
heavier than a GLOCK pointing back at you.

Ok.

"hk" wrote in message
. ..
Calif Bill wrote:
"hk" wrote in message
. ..
BAR wrote:
hk wrote:
Damn right. You can trade gold for goods and services. Try that in a
post-revolutionary future with a piece of paper.
I'd rather have a big mean nasty dog, a couple of sidearms and some
rifles and a few shotguns. And, about 40 to 50 thousands rounds of
ammo.


What are you going to do, force a plumber to work at gunpoint?

Go take the gold from some dufus with just a small glock.


Anyone hoarding gold in case of societal collapse will have something
heavier than a GLOCK pointing back at you.

Read "The Road". And where will you spend the gold?