ClassicCar

Given the amount of inflation which is calculated to be 8.0%+ pa by a range of knowledgable market watchers (not the doctored much lower CPI figure fed to the public) there is only one way for values of classic cars and art etc to go..........UP.



Gold/Silver is on a great ongoing growth curve for anyone looking to gear up their wealth and stay well ahead of those increasing Hudson prices!!! Gold +50% in last year Silver +100% and lots more to come on all market watchers projections.

terraplane8 wrote:

Given the amount of inflation which is calculated to be 8.0%+ pa by a range of knowledgable market watchers (not the doctored much lower CPI figure fed to the public) there is only one way for values of classic cars and art etc to go..........UP.



Gold/Silver is on a great ongoing growth curve for anyone looking to gear up their wealth and stay well ahead of those increasing Hudson prices!!! Gold +50% in last year Silver +100% and lots more to come on all market watchers projections.

As a matter of interest I thought I'd provide an update on where gold and silver have gone since I posted this. In May 2006 an ounce of gold was worth $700 and silver $5.50. Today they are worth $1,415 and $29.35 respectively. Gold has grown in value at 16.6% p.a. compound and silver at 44% p.a. compound from 4 May 2006 to 4 December 2010. As a matter of interest what would these same cars be worth today? It may be that the car values have kept up with gold at least but not silver. With all the trouble in the world regarding excess credit and depreciating fiat money coupled with increasing inflation of consumables, energy and commodities yet severe depreciation of what were once universal stores of wealth such as housing at the same time I firmly believe in precious metals as being real money and a store of wealth whose buying power will keep pace with aggressive inflation. Interesting if you look at your worth over time in terms of ounces of gold/silver rather than paper dollars, quite shocking actually........I think this trend is nowhere near ending and of course there have been some quite deep corrections along the trend too that can unnerve some.

One of the advantages of living on $2500 a month - don't have to worry about things like this. Worry about important things like HET club dues (top of the list), scratching enough together to buy groceries (not into cat food - yet!!:ohmy: ) and paying the bills.

Let's see. A highlite in my life would be breakfast (or lunch) out at a fancy resturant like MacD's or BK (usually). For long term enjoyment a trip to a National meet - love them tax refunds in February!! :woohoo:

Wonder how many more times I can walk into my local bank and borrw $5,000 (bottom line for a personal loan - did it twice this year!!) What else do I need???

Hudsonly,
Alex Burr
Memphis, TN