hello pezz, today's report:
(i) sent out this e-mail to buddy who has been zero-state reset
Hi xxxxx, I opened the box today. It was like opening a time capsule. I took out the following items:
(i) __ Australian Koala 1 oz platinum coins, value @ US$ 841/coin
(ii) __ US Eagle 1 oz gold coins, value @ US$ 814/coin + 2.5%
(iii) __ Canadian Maple 1 oz gold coin, value @ US$ 834/coin
(iv) __ Australian Nugget 1 oz gold coin, value @ US$ 834/coin
(v) __ Great Britain 1 oz gold coin, value @ US$ 834
(vi) __ Gold wafer tael, value @ US$ 977/tael
(vii) 4.51 cts sapphire oval (1996 cost HK$ 60,885, US$ 7,826), perfect, no heat treatment
(viii) 3.47 cts sapphire oval (1996 cost HK$ 29,495, US$ 3,791), perfect, no heat treatment
(ix) 2.56 cts sapphire oval (1996 cost HK$ 29,696, US$ 3,817), perfect, no heat treatment
(x) Indeterminate aqua blue crystal
I have left everything else in the safe deposit box and they include numismatic zodiac gold coins, three watches, a metal mesh ‘bag’ containing what appears to be some sort of ring and a small disk, and documents (birth certificates, will, divorce papers, etc).
Should you agree, I will remit to you US$ _______ for above items (i) – (vi).
Attached is the best I can do with my digital camera. I wait for your word on what to do with the rocks.
(ii) Analysis:
The platinum and gold coins were purchased during 1998, and the average cost were roughly:
- Platinum cost US$ 407/oz, and now worth US$ 845/oz, or 8% appreciation per annum
- Gold cost US$ 316, and now worth US$ 816/oz, or 10% per annum appreciation
- 4.51 cts sapphire oval (1996 US$ 7,826), I am guessing now about US$ 19,380 retail per thenaturalsapphirecompany.com , or 8% appreciation per annum
- 3.47 cts sapphire oval (1996 US$ 3,791), I am guessing now about US$ 13,034 retail, or 11% appreciation per annum
- 2.56 cts sapphire oval (1996 US$ 3,817), I am guessing now about US$ 5,120 retail, or 2% appreciation per annum
- S&P500 now stands (or rather, squats) at 899
- S&P500 on January 3rd 1996 was @ 620, yielding annualized return of 3% cap gain and maybe 2.5% dividend, less 0.5% official tithing.
- S&P500 on March 30th (mid-point of gold/platinum buys), 1998 was @ 1,095, yielding annualized loss of 2%, plus maybe 2% net dividend income, to net net phucking net zero dot zero.
Conclusion, gold is best money, platinum almost as good, sapphire is a bit subjective, but certainly pretty, and S&P500 is financial savings death.
Had buddy saved exclusively in terms of platinum and gold, he would have saved himself 50% haircut from the divorce outcome, and escaped the current 100% carnage, as he would not have borroowed against the gold and speculated in the market.
so, gold is best savings, and s&p500 is crap for investment.
Cheers, TJ |
