Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
Bill Gross To Sell U.S. Stamp Collection Estimated At US$40 Million
Uh-oh, looks like someone is getting ready to retire...
Sometimes I feel certain "Stores" of value is a convenience for the rich. Like Crap Paintings "You don't understand" from 400 years back, by certain Europeans selling for Millions, only because the rich decide to value it amongst themselves for a certain amount. This way they can have a "Store of Value", and they can "value" it at whatever amount, and then always be able to borrow against it making millions from millions.
Old Paintings are the ANALog equivalent of Bitcoin today. Value it for WTF you want. Stamp collections are maybe Ripple. Try using the 19th century stamp for actually mailing something to someone. Oh no, but they are worth 40 freakin million to someone who has 40 freakin million lying around.
Comments
Sometimes I feel certain "Stores" of value is a convenience for the rich. Like Crap Paintings "You don't understand" from 400 years back, by certain Europeans selling for Millions, only because the rich decide to value it amongst themselves for a certain amount. This way they can have a "Store of Value", and they can "value" it at whatever amount, and then always be able to borrow against it making millions from millions.
Old Paintings are the ANALog equivalent of Bitcoin today. Value it for WTF you want.
Stamp collections are maybe Ripple. Try using the 19th century stamp for actually mailing something to someone. Oh no, but they are worth 40 freakin million to someone who has 40 freakin million lying around.