gold shall do just fine
as the annual clsa hong kong investor (generally 2-3000 money manager/investor attendees) conference is about to be in 2 weeks, and too many requests for physical gold are surfacing - all asking for help in securing goodness gracious so as to engage with salvation
once upon a time circa september 2009 (when gold was @ 1,015) out of altruism i helped with one such request by closing the deal, special ordering from distributor, buying with funds wired in by pal ahead of time, and storing same in unobtrusive corner of some unassuming office until delivery time, and my experience was extremely unpleasant - more so than colonoscopy
(i) 'they' say gold is portable. 'they' do not know what they are talking about
(ii) 1,000 coins might look compact, but once put into a geewhizbang special-purpose bought aluminum roller case, they did not feel portable. they felt like backbreaking work - if done wrong, one can easily and permanently hurt one's back - the idea that one could escape to anywhere while rolling a box of gold around is just silly - gold must be pre-positioned in calibrated amounts here there and everywhere in order to answer to the call of duty that one hopes never be
(iii) i foolishly thought i could just roll the case from commercial center uphill to my office - normally a 10-15 min walk, my mind changed the minute i exited the place of purchase and got pushed by the roller case down an incline with me trying to calibrate the momentum
(iv) i hailed a taxi, but had to lift the roller case into the boot by myself, as asking the driver to help would be a dead giveaway, because anyone trying to lift that small a volume weighing that much would instantly know - "hey, that must be gold in there"
this year the request for help are coming in at 6-8x the clip of 2009 even though gold has almost doubled - if there ever was a giffen good en.wikipedia.org , gold is it, and i am telling all to &^%#&^%ck off. i shall try to guide them once they are here and to do the sweaty work themselves.
what my pal bought in 2009 can allow him to recognize a serious gain and buy a gorgeous little place somewhere in the french countryside and still have enough left over to cloud-atm his way to earn an on-line generated living wage
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