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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST
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To: TobagoJack who wrote (79331)9/9/2011 1:26:24 PM
From: Maurice Winn3 Recommendations  Read Replies (2) of 217774
 
Yes, I remember you describing the favour you did your friend and that gold was way down from $2000. That $2 million was "near enough for government work". Good counting on the number of coins though, didn't you think?

I have done such mental counting and realized that while compact, to convert and cart gold would be actually physically problematic. And there is the fear of robbery. And the reality of it. I had a collection of silver stolen a few decades ago from our house. Another stash too was stolen and a third. Cunning older people I think thought "What's he doing digging in the garden?" Or uncunning youngster forgot exactly where said stash was buried.

I tried such physical storage of wealth and it failed. In my youth I bought shares [in Mount Isa mining company]. That was a much better store of wealth, and profitable too. Yes, there are times like 1929 and financial panis and currency destruction not to mention Mao's Maelstrom and The British Disease [with 95% taxes] if not genocidal horrors [Germany, Rwanda, Kampuchea, Armenia, Maori tribal raids on each other - cannibalism included].
Pixelated pecuniary proceeds prudently protected in properly programmed puters probably provide resistance to robbing reprobates rotters

Mqurice
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