View Single Post
  #15   Report Post  
Posted to rec.crafts.metalworking
Bob La Londe[_6_] Bob La Londe[_6_] is offline
external usenet poster
 
Posts: 60
Default Are Tools A Better Investment Than Gold?

On 4/11/2011 10:32 AM, Too_Many_Tools wrote:
One trend I have seen though several economic cycles is that quality
tools are a better investment than gold with holding their value,
appreciating and ability to convert into cash when needed.

Your thoughts on this curious trend?

TMT


Pure investment? No. Not at all. If you buy smoking hot deals at
garage sales you might make some money, but not as open market
investment. Now, if you are banking on the partial collapse of
civilization maybe... if you also stockpile hard wood, various grades
steel, aluminum, bronze, brass, etc etc. In a really tough time its
always good to be able to do some things yourself.