Another indicator of inflation ahead? SurvivalBlog reader Bill H. notes: “A trend that I have not seen mentioned on your web site, apart from gold and silver investment, is that [fine] “art” is going through the roof. Most of us cannot afford to invest in art, myself included. However, we can still see the writing on the wall when the moderately wealthy are flocking to acquire art at record prices. You don’t have to buy thousands of pounds of gold when you can pay $20 million for a painting that will only appreciate. That’s a fairly extreme example, but you get the idea. Just today there was an article on Yahoo about a London art auction bringing in record prices.” JWR Adds: This lends further credence to my investing philosophy, which leans heavily toward tangibles. Of course, I prefer more practical tangibles like guns, ammo, productive farm land, and tools. You can’t drop a deer at 800 yards with a work of art by Paul Cézanne, but you can with a work of art by Paul Dressel–although I’m sure that it would be more practical to spend the same amount and get several pieces by Kelly McMillan.
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From the new Iraqi government: “Would you mind sending all of that $4 Billion in cash?” Its a good thing that al this money printing isn’t inflationary.
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