Friday, December 17, 2010

Investment Strategy of Yukon Cornelius

I've recently been introduced to the concept of investing in precious metals (primarily gold and silver).  I've heard about it in the past, but never considered it seriously.  The two opposing arguments I've heard are

  1. Gold has historically been close to $300-$400 and is now at close to $1400.  There's no way that the cost to produce the gold has gone up, so the disparity here represents a bubble that cannot continue to expand.  So, if you were to invest in gold, now is not the time.
  2. Why is the price of gold so high?  With the government having printed so much money (and very likely to continue this practice), no other countries (e.g., China) want to own American dollars, and may even change the monetary standard ($) for buying oil, we are heading toward hyper-inflation which means that even though the price of gold is so high now, it's nothing in comparison to what it will be if our monetary system collapses.
When introduced to something new like this, I tend to gravitate to the side opposite of what my initial views were.  In this instance, I didn't put much stock in investing in precious metals at first, and so when I was shown some of the main arguments for it, I jumped ship and was a proponent for it.  Since then I've asked a lot of questions and have been able to make a more sound judgement as to what I think I need to do.  Any further arguments for or against this?

Thursday, December 02, 2010

The Bear

Another scouting favorite:

The other day,
(The other day)
I met a bear,
(I met a bear)
Away up there,
(Away up there)
A great big bear!
(A great big bear!)

The other day I met a bear,
A great big bear a way up there!

He looked at me
(He looked at me)
I looked at him
(I looked at him)
He sized up me
(He sized up me)
I sized up him
(I sized up him)

He looked at me, I looked at him,
He sized up me, I sized up him.

He said to me
(He said to me)
"Why don't you run?
("Why don't you run?)
I see you don't
(I see you don't)
Have an any gun"
(Have any gun")

He said to me, "Why don't you run?
I see you don't have any gun."

And so I ran
(And so I ran)
Away from there
(Away from there)
And right behind
(And right behind)
Me was that bear
(Me was that bear)

And so I ran away from there,
And right behind me was that bear.

Ahead of me
(Ahead of me)
I saw a tree
(I saw a tree)
A great big tree
(A great big tree)
Oh, golly gee!
(Oh, golly gee!)

Ahead of me there was a tree,
A great big tree, oh, golly gee!

The lowest branch
(The lowest branch)
Was ten feet up
(Was ten feet up)
I had to jump
(I had to jump)
And trust my luck
(And trust my luck)

The lowest branch was ten feet up,
I had to jump and trust my luck.

And so I jumped
(And so I jumped)
Into the air
(Into the air)
And missed that branch
(And missed that branch)
Away up there
(Away up there)

And so I jumped into the air,
And missed that branch away up there.

Now don't you fret
(Now don't you fret)
And don't you frown
(And don't you frown)
I caught that branch
(I caught that branch)
On the way back down
(On the way back down)

Now don't you fret and don't you frown,
I caught that branch on the way back down.

That's all there is
(That's all there is)
There is no more
(There is no more)
Until I meet
(Until I meet)
That bear once more
(That bear once more)

That's all there is, there is no more,
Until I meet that bear once more.

The end, the end
(The end, the end)
The end, the end
(The end, the end)
The end, the end
(The end, the end)
The end, the end!
(The end, the end!)

The end, the end, the end, the end,
This time it really is the end!