"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.


OK. The country melts down, you have gold coins, and you want to buy food
from a farmer who was lucky enough to have seeds. Who determines what the
gold is worth?

JoeSpareBedroom 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.


OK. The country melts down, you have gold coins, and you want to buy food
from a farmer who was lucky enough to have seeds. Who determines what the
gold is worth?




If there is no acceptable government issued currency, we're back to
barter. You want to barter slips of paper or chunks of gold?

"hk" wrote in message
. ..
JoeSpareBedroom 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.


OK. The country melts down, you have gold coins, and you want to buy food
from a farmer who was lucky enough to have seeds. Who determines what the
gold is worth?


If there is no acceptable government issued currency, we're back to
barter. You want to barter slips of paper or chunks of gold?


Since neither currency would have any firm value at that time, I'd choose
the lighter version, and save my back muscles for more important things,
like food and ammo.

JoeSpareBedroom wrote:
"hk" wrote in message
. ..
JoeSpareBedroom 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.

OK. The country melts down, you have gold coins, and you want to buy food
from a farmer who was lucky enough to have seeds. Who determines what the
gold is worth?

If there is no acceptable government issued currency, we're back to
barter. You want to barter slips of paper or chunks of gold?


Since neither currency would have any firm value at that time, I'd choose
the lighter version, and save my back muscles for more important things,
like food and ammo.




Gold always has and has had a pretty high intrinsic value.

On Wed, 23 Jan 2008 07:43:32 -0500, hk wrote:


If there is no acceptable government issued currency, we're back to
barter. You want to barter slips of paper or chunks of gold?

Pizza.

Pizza will become the defacto currency.

Short Wave Sportfishing wrote:
On Wed, 23 Jan 2008 07:43:32 -0500, hk wrote:

If there is no acceptable government issued currency, we're back to
barter. You want to barter slips of paper or chunks of gold?

Pizza.

Pizza will become the defacto currency.



Plain or mozz?

On Wed, 23 Jan 2008 08:14:25 -0500, hk wrote:

Short Wave Sportfishing wrote:
On Wed, 23 Jan 2008 07:43:32 -0500, hk wrote:

If there is no acceptable government issued currency, we're back to
barter. You want to barter slips of paper or chunks of gold?

Pizza.

Pizza will become the defacto currency.

Plain or mozz?

Plain will the .01¢, Mushroom will be .05¢, Onion will be .10¢,
Mushroon/onion will be .25¢, Pepperoni will be .50¢ and
mushroom/onion/pepperoni will be $1.

Short Wave Sportfishing wrote:
On Wed, 23 Jan 2008 07:43:32 -0500, hk wrote:

If there is no acceptable government issued currency, we're back to
barter. You want to barter slips of paper or chunks of gold?

Pizza.

Pizza will become the defacto currency.

Actually in the complete collapse of society, pizza would have
substantially higher value than gold.

"Short Wave Sportfishing" wrote in message
...
On Wed, 23 Jan 2008 07:43:32 -0500, hk wrote:


If there is no acceptable government issued currency, we're back to
barter. You want to barter slips of paper or chunks of gold?

Pizza.

Pizza will become the defacto currency.


That makes a lot more sense than gold.

JoeSpareBedroom wrote:
"Short Wave Sportfishing" wrote in message
...
On Wed, 23 Jan 2008 07:43:32 -0500, hk wrote:

If there is no acceptable government issued currency, we're back to
barter. You want to barter slips of paper or chunks of gold?
Pizza.

Pizza will become the defacto currency.


That makes a lot more sense than gold.


If you pound gold very thin, and saute it, and then serve it with a
brown gravy it still taste like ****.