Posted on 06/01/2006 8:10:31 AM PDT by Grampa Dave
http://www.pcha.gov/goldtrainfinaltoconvert.html
I don't know what has become of it; but as of 2004, the victims have received a settlement.
December 21, 2004 The federal government settled a lawsuit with 32 retired Miami Jews, regarding a legend about a trainload of gold, jewelry and other property, supposedly stolen by US Generals.
I am led to believe the new CEO from Goldman Sachs is worried about US exports and will let the Greenback slide.
Hope I'm right..:)
You're absolutely correct. I've noticed over the years that when the business channels fill up with BUY GOLD ads, the market is getting ready to peak and the smart money is trying to dump. When you can't find a BUY GOLD ad to save your life, the smart money is holding in anticipation of a run up in prices. If you have the nerves to play it, you can take advantage of millions of dollars of research and insider knowledge at the cost of a few magazines.
Pretty crappy, especially when FDR confiscated it (Unless my grandfather had been smart enough to hide it in the basement instead of obeying St. Franklin and turning it in).
That's where I get all my information. Users of that site are like the Marine Corps. The few, the proud.
bump
"When I hear these "BUY GOLD NOW!" commercials, I would Run, not walk but Run in the opposite direction."
Or when Time and Newsweak run a cover story on Gold re its great value.
A close relative of mine that I have been known to sleep with from time to time, has packed away several hundred dollars perhaps more than a thousand dollars worth (cost at time) of beanie babies that are just in pristine condition.............but don't put that money in a 401k plan, it's too risky............
Like you I have added some lead to the inventory os semi precious metals...including 9MM, 5.56MM, .45 Cal, etc.
Ammo boxes from the nearest Army/Navy Surplus place are the greatest containers ever, IMHO.
Granted, I am not a doom and gloom kinda guy...but...you really cant ever have enough ammunition, especially if you go to the range a lot...or feel the prices of ammo may go up, like it has to .45 and 5.56MM...
Mmmmmmm, rotten meat.
Amazing conclusion! Who made it?
Let's try again;
It can be a useful asset if governments inflate the fiat currency.
A guaranteed store of wealth that dropped 13% in a few weeks? That's funny!
I agree. Lead is always a good investment. The really important metals are measured by the grain, not the ounce.
Precious metals never completely lose value, unlike many stocks, like Enron, Global Crossings, Tyco, etc.
And the beauty of numismatics (rare silver/gold coins) is that YOU PAY NO TAXES when you cash in.
"I'll wait for it to crash and then show signs of life. Don't like to catch a falling knife.'
Over the holidays, a friend got one of the new really sharp Japanese Chef knives, it slipped out of her right hand. She grabbed it on the way down with her left hand for just under 50 stiches.
The local ER was doing some study on these knife hand injuries during holiday seasons, and they ran an alcohol/drug screen free of charge. When it came back negative, the Er doc told her family doc, our friend might want to have a glass of wine before using her new knife. That way if she dropped it, her reflexes would be too slow to catch the knife. Then she could wear steel toed boots in the kitchen.
Don't tell TP that..
Isn't that true of everything? What creates value? I'm trying to write an article on that topic and can use all the good input I can find.
Great suits.
I wonder if anyone has tracked the price of Armani Suits versus Gold in the past 3 decades.
Relax Francis. I'm tweaking the ignorant goldbugs. It's obvious you are neither. I know what inflation does to hard assets.
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