gold or rare cameras?

Started Apr 15, 2013 | Discussions thread
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paulhofseth
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gold or rare cameras?
Apr 15, 2013

I noticed today's news on speculators selling off their gold bars.

With one golden bar by design  not any different from another, no one would keep them for their individuality.

Not much practical use either, apart from as doorstops and paperweights. No interest accrues and no use.

Products from Angenieux, Astro, Kilfit, Kinoptic, Leitz, Oude Delft, Pignons, Spectros, SOM, Voigtländer,Zeiss, Zunow etc. may also prove excellent as doorstops or paperweights, but they do have  an extra attribute: they may be used.

So in the longer term, speculators with less knowledge than money may gain or lose on the hedging carousel , while some knowledgeable currency-refugees, from China, Cypros, Italy,Japan, Portugal, Spain, Venezuela and the US, may choose to combine relative security with pleasure.

Even in a poorer, inflationary world, there will always be some excentric collectors and users around with sufficient funds to continue the chain, and it is the relative value preservation that counts.

The old parable of the two men chased by a lion comes to mind; the first one says, "we cannot outrun the lion", the other replies," but I can outrun you".

Opinions?

p.

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