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.)
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.)
(no subject)
Date: 2008-05-13 04:46 am (UTC)First, I don't particularly want to make big-ticket purposes before November. A poor economy (on top of all the other troubles America already has) will make people that much more willing to throw the bums out. I'm not wishing ill, but I don't want to spend money to convince people everything's rosy, either. (This is sort of a family tradition--my family's TV broke in 1980 or so, and my parents refused to help the economy by getting a new one while Reagan was still in office. (My dad's resolve wavered with the 1984 Olympics, though.))
Second, a donation to a strong political candidate with (in my view) good judgment is an investment in the future. There's the direct effect of cash in the campaign's coffers, as well as the publicity that generates, and the added publicity if it is as symbolic as tax refund checks being donated.
Just my two cents (and possibly $600 as the general election season starts).