What I was thinking of doing with that $600:

[randomness]

As a personal vote of confidence in the strength and soundness of the American economy in general, and of the dollar in particular, I was going to buy about 2/3 of an ounce of gold.

But given my belief that some of the current price of gold is probably commodity bubble froth, I decided being that much of a smartass was going to end up costing me money.

(If I'd had the foresight to buy gold in '01 at $275/oz., well...but then again, with that kind of foresight, I'd have been flipping houses in '03 and '04.)

Comments

[cattitude.livejournal.com]

Inflation-linked government bonds look good.

So do canned goods and ammo.

[r-ness.livejournal.com]

You've been reading Felix Salmon's blog?

"Gold is for optimists. I'm diversifying into canned goods and guns".

[cattitude.livejournal.com]

No; it's a very old joke. I've been using it for twenty years, and it was old when I stole it.

[r-ness.livejournal.com]

Perhaps that's where the commenter got it, then.