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To: Gorzaloon

Thanks, I understand that. I used to be a jewelry manufacturer in a previous life, so I know a little about that.

I don’t care if I lose money (although I don’t think I will, given the way the world is going)... I just want something that will be there when I need it.

A year ago I told my money market manager (who has done well for me for the previous 12 years, until recently) to put everything in the most secure places he could find, and I still lost my @$$. If I had put it in gold when I first started to worry about it, when gold was at its second highest recent peak, and sold it today, when it is relatively low, I’d be no worse off than I already am.

And if worse comes to worse as far as bullion prices go, I can start making jewelery again.


18 posted on 11/07/2008 6:18:20 PM PST by LegendHasIt (Vote for Common Sense '08 ......... OOPS! too late.)
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To: LegendHasIt
And if worse comes to worse as far as bullion prices go, I can start making jewelery again.

Food for thought: In the Carter Depression I did well.

Everyone who was laid off suddenly became a "Silversmith" of varying degrees of expertise. Flea markets and crafts fairs became a whole underground cash economy. Usually, when the unemployment benefits ran out, the less skilled ones were shaken out and went back to manstream jobs.

37 posted on 11/08/2008 3:33:15 AM PST by Gorzaloon (Roark, Architect.)
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