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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: geoffrey Wren who wrote (7760)7/14/1999 11:51:00 AM
From: Mike 2.0  Respond to of 78476
 
OT...re: I think if I were to buy something as an inflation/catastrophe hedge, I would get platinum or silver or high quality diamonds (just don't pay retail!!).

I remember seeing one of those silly "make money in real estate" late 1980's training books someone had bought, and it one of its ingenious ;-) recommendations was to offer diamonds in lieu of some cash for a real estate purchase. It said you could buy the diamonds at wholesale (didn't say how or where) and assumed the seller would accept the diamonds same as cash, at appraised value! Well now you all know how to become a real estate tycoon...LOL



To: geoffrey Wren who wrote (7760)7/14/1999 2:29:00 PM
From: Michael Burry  Read Replies (1) | Respond to of 78476
 
Re: gold, the story is bad. Yeah, I think I knew that. That's why there's only 14% bulls. That's why we're at 20 year lows. That's why I've invested in it. It's contrarian, and probably value.

This article caught my eye a few months back, after someone brought up Homestake: thestreet.com

Mike


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