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permabear
Participant[quote=enron_by_the_sea]The Office of Defense Secretary Robert Gates issued a statement today saying that the mystery contrail seen in the skies off Los Angeles County late Monday came from an aircraft, not a missile, as many have speculated … Cover up ???? 🙂 :)[/quote]
[Lieutenant Johnson] Hey, what does this button do?
Participant[quote=enron_by_the_sea]The Office of Defense Secretary Robert Gates issued a statement today saying that the mystery contrail seen in the skies off Los Angeles County late Monday came from an aircraft, not a missile, as many have speculated … Cover up ???? 🙂 :)[/quote]
[Lieutenant Johnson] Hey, what does this button do?
ParticipantIsrael is evil and cruel. Both liberals and conservatives need to come to grips with this. Right now we have blinders on due to previous allied obligations. We need to ditch our misplaced guilt about the holocaust and realize Israelis are a major force in the ongoing destabilization of the middle east.
ParticipantIsrael is evil and cruel. Both liberals and conservatives need to come to grips with this. Right now we have blinders on due to previous allied obligations. We need to ditch our misplaced guilt about the holocaust and realize Israelis are a major force in the ongoing destabilization of the middle east.
ParticipantIsrael is evil and cruel. Both liberals and conservatives need to come to grips with this. Right now we have blinders on due to previous allied obligations. We need to ditch our misplaced guilt about the holocaust and realize Israelis are a major force in the ongoing destabilization of the middle east.
ParticipantIsrael is evil and cruel. Both liberals and conservatives need to come to grips with this. Right now we have blinders on due to previous allied obligations. We need to ditch our misplaced guilt about the holocaust and realize Israelis are a major force in the ongoing destabilization of the middle east.
ParticipantIsrael is evil and cruel. Both liberals and conservatives need to come to grips with this. Right now we have blinders on due to previous allied obligations. We need to ditch our misplaced guilt about the holocaust and realize Israelis are a major force in the ongoing destabilization of the middle east.
Participant[quote=sd_matt]Despite being told that a classic car should be an emotional decision I can’t help thinking that it may be the equivalent to gold. But in this case classic cars are near the bottom of their market. Of course this is much more long-term and not nearly as liquid.[/quote]
Disclaimer: I’ve considered this too, but am not a classic car expert.
I think classic cars could do well over a long timeline. But, my guess is that over time only the really really rare ones keep their values. Each decade that passes, you lose the “nostalgia effect” of people that are still alive but fondly remember a certain car. On top of that, you have an increasing supply of “new” classics, eg, cars manufactured in the current time.
Right now, people in their 60’s can remember that old Camaro they had when they were in their 20’s. But will today’s 20 somethings give a crap about a 1960’s Camaro in 2050? Probably not, except for esoteric millionaires.
So something that’s a true piece of Americana like a 50’s Chevy or a Gen 1 Camaro would probably do well, but likely only in mint condition. If I were going to do it, my strategy would be to buy a rare car and keep it in mint, stock condition, targeting the ultra-rich of the future, ala a Van Gogh painting.
Which means not driving it, which kinda kills the fun for me.
Participant[quote=sd_matt]Despite being told that a classic car should be an emotional decision I can’t help thinking that it may be the equivalent to gold. But in this case classic cars are near the bottom of their market. Of course this is much more long-term and not nearly as liquid.[/quote]
Disclaimer: I’ve considered this too, but am not a classic car expert.
I think classic cars could do well over a long timeline. But, my guess is that over time only the really really rare ones keep their values. Each decade that passes, you lose the “nostalgia effect” of people that are still alive but fondly remember a certain car. On top of that, you have an increasing supply of “new” classics, eg, cars manufactured in the current time.
Right now, people in their 60’s can remember that old Camaro they had when they were in their 20’s. But will today’s 20 somethings give a crap about a 1960’s Camaro in 2050? Probably not, except for esoteric millionaires.
So something that’s a true piece of Americana like a 50’s Chevy or a Gen 1 Camaro would probably do well, but likely only in mint condition. If I were going to do it, my strategy would be to buy a rare car and keep it in mint, stock condition, targeting the ultra-rich of the future, ala a Van Gogh painting.
Which means not driving it, which kinda kills the fun for me.
Participant[quote=sd_matt]Despite being told that a classic car should be an emotional decision I can’t help thinking that it may be the equivalent to gold. But in this case classic cars are near the bottom of their market. Of course this is much more long-term and not nearly as liquid.[/quote]
Disclaimer: I’ve considered this too, but am not a classic car expert.
I think classic cars could do well over a long timeline. But, my guess is that over time only the really really rare ones keep their values. Each decade that passes, you lose the “nostalgia effect” of people that are still alive but fondly remember a certain car. On top of that, you have an increasing supply of “new” classics, eg, cars manufactured in the current time.
Right now, people in their 60’s can remember that old Camaro they had when they were in their 20’s. But will today’s 20 somethings give a crap about a 1960’s Camaro in 2050? Probably not, except for esoteric millionaires.
So something that’s a true piece of Americana like a 50’s Chevy or a Gen 1 Camaro would probably do well, but likely only in mint condition. If I were going to do it, my strategy would be to buy a rare car and keep it in mint, stock condition, targeting the ultra-rich of the future, ala a Van Gogh painting.
Which means not driving it, which kinda kills the fun for me.
Participant[quote=sd_matt]Despite being told that a classic car should be an emotional decision I can’t help thinking that it may be the equivalent to gold. But in this case classic cars are near the bottom of their market. Of course this is much more long-term and not nearly as liquid.[/quote]
Disclaimer: I’ve considered this too, but am not a classic car expert.
I think classic cars could do well over a long timeline. But, my guess is that over time only the really really rare ones keep their values. Each decade that passes, you lose the “nostalgia effect” of people that are still alive but fondly remember a certain car. On top of that, you have an increasing supply of “new” classics, eg, cars manufactured in the current time.
Right now, people in their 60’s can remember that old Camaro they had when they were in their 20’s. But will today’s 20 somethings give a crap about a 1960’s Camaro in 2050? Probably not, except for esoteric millionaires.
So something that’s a true piece of Americana like a 50’s Chevy or a Gen 1 Camaro would probably do well, but likely only in mint condition. If I were going to do it, my strategy would be to buy a rare car and keep it in mint, stock condition, targeting the ultra-rich of the future, ala a Van Gogh painting.
Which means not driving it, which kinda kills the fun for me.
Participant[quote=sd_matt]Despite being told that a classic car should be an emotional decision I can’t help thinking that it may be the equivalent to gold. But in this case classic cars are near the bottom of their market. Of course this is much more long-term and not nearly as liquid.[/quote]
Disclaimer: I’ve considered this too, but am not a classic car expert.
I think classic cars could do well over a long timeline. But, my guess is that over time only the really really rare ones keep their values. Each decade that passes, you lose the “nostalgia effect” of people that are still alive but fondly remember a certain car. On top of that, you have an increasing supply of “new” classics, eg, cars manufactured in the current time.
Right now, people in their 60’s can remember that old Camaro they had when they were in their 20’s. But will today’s 20 somethings give a crap about a 1960’s Camaro in 2050? Probably not, except for esoteric millionaires.
So something that’s a true piece of Americana like a 50’s Chevy or a Gen 1 Camaro would probably do well, but likely only in mint condition. If I were going to do it, my strategy would be to buy a rare car and keep it in mint, stock condition, targeting the ultra-rich of the future, ala a Van Gogh painting.
Which means not driving it, which kinda kills the fun for me.
November 5, 2010 at 12:21 PM in reply to: The Fed’s $600 Billion Statement, Translated Into Plain English #627339Participant[quote=flu]
But….Current gas prices are nowhere near the all time high a few years ago, when 91 octane ran close to $5/gallon. .We’re currently at $3.20/gal (lower if you go to costco). And same could be said about food prices. We’re not seeing significant inflation (yet….Keyword is YET)….We will, eventually..But when?[/quote]Prices you see at the store trail the futures market by about 6-9 months, due to hedging and the length of contracts. So hold that thought until Feb/March.
November 5, 2010 at 12:21 PM in reply to: The Fed’s $600 Billion Statement, Translated Into Plain English #627413Participant[quote=flu]
But….Current gas prices are nowhere near the all time high a few years ago, when 91 octane ran close to $5/gallon. .We’re currently at $3.20/gal (lower if you go to costco). And same could be said about food prices. We’re not seeing significant inflation (yet….Keyword is YET)….We will, eventually..But when?[/quote]Prices you see at the store trail the futures market by about 6-9 months, due to hedging and the length of contracts. So hold that thought until Feb/March.
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