Posted by: pierrecambronne | January 21, 2008

So, You’re Going to be Poor.

It’s a working title for a book. You’re going to be poor, it’s inevitable. Hyper-inflation will make your money worthless, plummeting house prices will make your house worthless and you aren’t qualified to hold down a job in a sector that will be employable in an economic depression (i.e. you’re a worthless little options trader). What then?

My advice is simple: the gold price will follow the way of the economy for awhile, but it will bottom out and then rise dramatically. When it gets down to around 600, buy, then forget. Put everything you have in gold and then read books for the next 10 years. Read lots and lots of books, improve your cooking skills, grow vegetables, learn an instument and learn a language or two. Use this time to improve yourself in a real and substantial way. Improve your inter-personal skills, become sincerely interested in flower arranging, talk about Kierkegaard and have debates about Napoleon. Go for long walks and become a better swimmer. Become formidable.


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