Re: Is It Real?
in response to
by
posted on
Feb 03, 2010 10:57AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
the problem that these ultra wealthy people have is the size of their assets and how best to preserve their value
Ultra wealthy don't have a problem, Warren Buffet bought a railroad. It is us little guys that have a problem. We don't have enough money to go out and buy a railroad or any other ultra conservative, safe, hard assett and as such can only realistically own our own home (as much as we can afford with a small manageable mortgage). The only other assett classes would be gold, rare collectibles, and equities. Of course equities need to be carefully selected from companies with very little debt and a stong assetts vs liabilities on the bottom line. I could have mentioned other commodities, however most require lots of land for storage and most don't have that luxury.