Now THAT is an interesting question. I hope there is some follow up to it. I have chosen to buy gold and silver coins... but I agree, I am interested in anything else that is equally as liquid and as safe.
I know I could put current dollars into fine art, or collectible automobiles, but many things require a cost of storage far greater than gold, and they are not always very easy to sell.
Silly as it is, the last time I found a pair of everyday shoes that I really liked, that fit very well, and seemed to be priced well, I bought two pair and put one in the back of the closet. But those kind of things only go so far and if you are talking about a great deal of money, it is hard to buy enough shoes, rice, honey, etc... to make a difference.
Maybe a good piece of land? But there again, there are taxes on the land and none on the gold year after year.
Probably a recurring revenue service business that would be considered a necessity. But what could that be, in a sector that could the average person could afford to enter? Certainly not phone or TV or energy supply (electric and heating oil) . Maybe making low cost electric car conversions?
Sober |
