Well, maybe there is no 1:1 hedge against the apocalypse (as far as money is concerned)...
In his book, Pit Bulls, Marty Schwartz explains how he had gold bullion stored in a safety deposit box. On one occassion he felt the US economy was near collapse and describes lugging a briefcase full of gold bars through the streets of NYC.
Does anybody else put their wealth into some other item of stored value?
Recent corporate scandals and that ever present"uncertainty" has convinced me that the money I have in my brokerage acct is all the money I want exposed to the markets.
I know real estate will be a big answer here, but many people don't want the hassle of owning and maintaining land/buildings.
I'd like to know what other ETers think.
-cheers-
Karl
In his book, Pit Bulls, Marty Schwartz explains how he had gold bullion stored in a safety deposit box. On one occassion he felt the US economy was near collapse and describes lugging a briefcase full of gold bars through the streets of NYC.
Does anybody else put their wealth into some other item of stored value?
Recent corporate scandals and that ever present"uncertainty" has convinced me that the money I have in my brokerage acct is all the money I want exposed to the markets.
I know real estate will be a big answer here, but many people don't want the hassle of owning and maintaining land/buildings.
I'd like to know what other ETers think.
-cheers-
Karl
