My associates and I have some long term savings to protect. Where to put savings for the next five years? Our one condition is that the savings purchasing power is preserved, even without us needing to be around.
1) Shares: I'm invested but I have to follow that company, every week I have to keep abreast of their activities. Five years is a long time and business can change in three months. Shares = no good.
2) Metals: store very well, people always need metal, but stockpiles are growing. I would need to be around, monitoring global stockpiles so I can sell out before that metal floods the market.
"The world’s metal is slipping into the shadows.
Banks, hedge funds, commodity merchants and others are stashing tens of millions of tons of aluminum, copper, nickel and zinc in a hidden system of warehouses that span the globe."
http://www.marketwatch.com/story/record-level-metals-storage-in-shadow-warehouses-2013-12-273) Art, antiques, vintage cars and collectables: This is what rich people do, hang some art on the wall and forget about it, this is our most likely path.
"Collectibles have outperformed stocks over the past decade, with some, like rare coins, doing a lot better, according to The Economist’s valuables index. Another factor is the steady growth of the world’s ultra-wealthy population."
http://www.economist.com/news/briefing/21590353-ever-more-wealth-being-parked-fancy-storage-facilities-some-customers-they-are4) Bitcoin: I've been using bitcoin as a payment system, it worked great until the price started changing rapidly. I was buying a particular item regularly for 0.8BTC (about $30 at the time), since then BTC has lost it's stability and the items I want have only gone down to 0.4BTC!, I'm no longer willing to use BTC because of that change. But also my BTC has gone up considerably and what to do with the BTCs I have?. Is BTC now a valid form of long term savings? Will it become a stable payment system again? Should I sell my 22k gold jewelery and buy more BTC? Should I sell my BTC and buy more gold?
