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Gold vs Wine: We Have A Winner
One may not be able to eat gold, and one can certainly drink wine (in fact, in moderation it is encouraged by the surgeon general), yet when it comes to the age-old competition of which one makes a better wealth-preserving investment, we finally have a clear winner.
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Cheers to that!
I'll drink to that. Too obvious ?
Going long aeration.
Buy the *hic*
I'd have no problem whatsoever switching to the "wine standard". In fact, I encourage it.
you can eat gold, shit it out and still have it...sounds like win/win
Big surprise, whining doesn't accomplish as much as stacking.
Base wealth is more or less defined as the quantity of non-consumable units you can trade for consumables.
Wine in particular is fragile and depends on a number of counter parties. Handling and storage history are big, so the shit ends up like RMBS in a sense. The more the bottle changes hands, the more counter party liability you acquire. I doubt the ZH crowd would want any part of that circus.
If the consumable seems too complicated to formulate an index for, or it's a collectable item with notional value, don't bother.
I'm standing by for the definitive gold/hard liquor, gold/oil, gold/coffee, gold/wheat and gold/rent charts. Gold is money first and a spec. carry trade second. It is most certainly not a religion.
Naturally, wine is a winner. You cannot drink gold.
In a flight to quality i'm taking this as an opportunity to back the truck up on Chateau d'Yquem.
Show me the Goldschlager vs. Resveratrol chart!
remember to buy PHYSICAL wine,
if you cant spit it out, you dont own it!
You should not drink wine.
Unless you want Bisphenol A to ruin you.
Mead
pass
Wine in a plastic bag is not fine wine.
What does it take for you to make a positive comment?
"this blood on the street, not red enough..." ;-)
Maybe if I drank some Kool-Aid?
But I prefer drinking real fruit juice.
Wine is REAL fruit juice..that's what I tell my wife
Guys there is a Processed Tobacco Index on BLoomberg which available over a long period of time 1947. You have to add farm productivity. It tracks slower inflation in the early 1990s very well as well as 2002-2003. Tobacco demand is very inelastic to price, it is not subsituable to any other soft commodity, only substituable to other very addictive substance maybe. Actually it was used in the XVII century as alternative currency in Virginia because of lack of Gold. That is a way to rebuke the bullshit about CPI-U hands down, that with the nowandthefutures index on utilities garbage collection, you have a pretty good way to debunk inflation BS. Of course if you live in the US and do your own shopping you know. The processed tobacco increase is extremely steady with lowest volatility of ANY soft commodity price (inelastic end demand and 0 substitution). Right it tells us we have 7-8% inflation.
BTW up to 1971 the processed tobacco was kind rather stable, it explosed in sync after Nixon got out of Gold window.
No coke charts? Bah humbug!
nobody knows what the shelf life of cocaine is, much less that of it's value, because it has a very high velocity.
It is finally profitable to turn on my wine-into-gold machine.
You people are foolish. It only costs $5 to dig wine out of the earth.
well try again 1.50/per 100# of grape
$5 is supposedly how much it costs to mine an oz of silver. Both statements are equally ludicrous, but only one of them has the /sarc.
South African Wines are the best.
A Stellenbosch to you my friend!
please come back to reality
TULBAGH!
In your dreams, TAKE THAT BACK.
The surprise of the decade is great wines from Arizona.
In all honesty, some of the best wines you may ever taste come from the finger lakes in upstate New York. It is that damn good.
He he, you make the little joke, eh.
How about 'great wines from North Dakota'?
Oh, wait - you meant 'whines', right?
wash that ingot down, bitchez.
I am long single malt scotch and short Chinese internet stocks..
Well played. Major divergence there indeed.
Wine is recommended when following the markets and news. Or at least should be.
In vino veritas
www.pmbug.com
Edere non potes aurum, canes.
In vino opes.
/sarcasmus
and both, when used properly, can get you fucked!
In more ways than one..., if used improperly.
It looks like they began lacing wines with Tungsten at the start of 2011.
Is the news day really that slow?
Let's see.
Bullshit ramp... check.
Europe fixed... check.
Magic pixie dust rumor-mill... running at full capacity.
Keeping your wealth in wine is dangerous, especially if you have a party and the cheap stuff runs out.
Gold wins not despite of being inedible but because of it.
The live-ex fine wine index, unlike gold, is basically driven by Hong Kong froth and Asian hot money. It is an alternative way to short a Chinese hard landing.
It's so weird, the more wine I drink, the more times I hit the buy button on Apmex.
when they have a wine-tasting competition, what do they award to the best?
G0LD, not goldi!
So, correlation does equal causation in this case?
Also possible that Wine might be leading Gold and topped first?
Because wine is more bubbly?
Drawback of wine vs. gold, drop one standard increment of each on concrete floor.
While the shiney may, in all possibility, have gotten a ding, watching one attempt to use a sponge to reclaim their former "investment" would make somebody else cry.
Besides, after a certain point, if you have enough of the wine, the wife will probably have consumed it and replaced the contents with colored liquid hoping you don't notice.
'replaced the contents with colored liquid'
Since tungsten concentrate is almost colorless, I had to add red food coloring to it.
Sorry for any inconvenience!
Oxidation affects one far more than the other.
Pffft. All this says is gold is in a bubble and wine is undervalued. Go long wine!
Thunderbird, bitches!
Mogen David Plum 20/20 or perhaps a nice Night Train. Of course, you have to lift your pinkie whilst sipping.
Good thing you had the 20/20 there. Never knew what the MD in Mad Dog stood for. NASTY SHIT.
Thread drift.
Has anyone seen this! Holy shit, this is VERY BAD.
S. 1867 National Defense Authorization Bill.
http://www.infowars.com/senate-moves-to-allow-military-to-intern-americans-without-trial/
"This means Americans could be declared domestic terrorists and thrown in a military brig with no recourse whatsoever. Given that the Department of Homeland Security has characterized behavior such as buying gold, owning guns, using a watch or binoculars, donating to charity, using the telephone or email to find information, using cash, and all manner of mundane behaviors as potential indicators of domestic terrorism, such a provision would be wide open to abuse."
Sounds like Zero Hedgers would fall into this broad definition.
Two choices:
1. Leave the country while you still can. Is it really worth fretting over the fate of a bunch of slaves?
2. Sharpen your knives, oil your guns, and start drilling with your family, friends, and neighbors.
The governenment knows the end is near for the current financial, and thus societal, system. Those in charge will fight very hard, very violently, to be in a position to regain dominance once the smoke clears.
sic semper tyrannis
So, this is how they'll keep Dr. Paul from office. Of course, there's nothing new about extra-legal actions like these in a "time of war."
Luckily, (for them) we live in a state of perpetual war.
On a personal note, I once used my anniversary gift at work to get a pair of binoculars. Hopefully the leaf-blower I chose last time is not considered a WMD.
Wine gives me headaches. Gold, OTOH, soothes my troubled heart and helps me sleep better.
Please pass the ignot.
I'm sorry, I didn't understand you. Pass the ingot or the spigot?
yes
HOLY fucking melt-iup in PSLV I got a sale off at 16.23 of course it will be broken
Sprott said he would not do an offering that would damage the premium, even though he just did a filing to buy and do a PSLV offering silver big enough to clean out the COMEX registered supply. It is picking its premium back up.
Albeit gold is solid it is more liquid then wine, at least trading-wise.
Rothschild also in the wine business...and with some big numbers too!!! 200 + thousand $ a bottle
http://www.time.com/time/magazine/article/0,9171,2056733,00.html#ixzz1dryBpj4n
1.) Develop a close relationship with a Bordeaux negociant with access to the 1st Growths
2.) Buy Petrus, Lafite, YQuem et. al. as futures the first 5 minutes they are released "en primeur" (sort of like an IPO) on Place de Bordeaux.
3.) Upon release sell all of your cases to a Hong Kong merchant.
An unrelated question...did anyone notice the ~5 minute drop in VIX around 10:20? What was it? It fell all the way down to 29.48!! And then right back all the way up to 32....
Good wine, drank in moderation, is not harmful even in greatest quantities.
So, you're recommending staying drunk all of the time?
Whoa! Look at those champagne years, 2006 through 2008. Max bubbling!
Fine wine vs. Coca Cola would make a nice chart.
"Bloodstains, speed kills, fast cars, cheap thrills, rich girls, fine wine, I lost my sense, I lost control, I lost my mind"
http://www.youtube.com/watch?v=1t-vdW4Fcts
Dump the ignot, buy the ingot.
While I certainly personally choose gold over wine, based on your own chart, in 2007 you could have just as easily declared a clear winner -- in favour of wine. The only relevant thing about this posting is that it shows what an absurd world we live in, where a perishable can, for great lengths of time, keep up in value with the ultimate in non-perishables.
i know this thread is on wine v gold but heres a ?.....if everything in Europe seems better---the irrational ES rally 3.42% then why is the EURO only up .79%? enough said
ES broke its correlation with EUR/USD a few sessions ago.
Like any of the data makes sense anymore. But point well taken.
the irrational ES rally 3.42% then why is the EURO only up .79%?
The day isn't over yet for ES...
Gold bugs have always been big whiners.
funny, but junking you.
did they include storage cost of each, and spoilage? Gold doesn't turn to vinegar.
Vinegar is a pretty useful substance, perhaps even more so than wine. But. seems like an expensive way to get there...
I m drunk under the picture of god lying on my gold.
Gold... shiny.
Wine... not shiny.
Case closed.
Citi upgraded Genworth to buy and shit upgraded poop to feces.
Black Friday sales were a record.
Main Street is spending again, the domestic recovery is clearly on its way.
The economic woes of the US appear to be over.
The Surgeon General should change the warning as:
"women should not drink alcohol because of the risk of pregancy"
I have a pretty big wine collection I need to sell privately. Anybody know where (web site, etc.) I can do that or privately post an inventory? Proceeds will go to mortgage payments and yellow metal.
How about wine in a gold bottle?
No, no - that's backwards...
I'm betting that a good deal of gold has outlasted melts of dozens of occasions and nations, while wine will eventually turn into vinegar and after a longer occasion, probably into an empty broken pile of glass shards.
My problem with wine as an investment is that I CAN drink it, which makes it more like Greek Bonds from a Return Of Capital perspective.
How do you sell wine? You need a liquor license, and finding a buyer can be difficult. My friend had to give away his wine...he never found a buyer for his "investment."
You can buy/sell bordeaux and have it stored in a separate cellar where they will keep it for you, until such time in the future that you wish to take delivery, or sell at a higher price....
Yeah. I'm sitting on quite an investment from a buddy of mine who left country. The "investment" is now in my basement and he wants me to "move it" for him.
LOL...and it looks like wine was a "clear winner" late 2006/early 2007 :)
The difference is in the diversification potential of a wine collection. You cant diversify a hoard of gold, its all the same price ounce for ounce, and if it gets choked one day, you pay the full price…and if it should be re-valued buy a demented government, well that’s another story, but I cant see them ever devaluing wine somehow. And you cant buy gold for 5% of its price anymore, whereas you could buy a relatively cheep crate of plonk only for the high priests of wine(who come and go) to decide 10 years later that it was an “exceptional year“(that tends to happen now and again). If you drink it, and really like it, take a punt…that’s if you can sit with your hands in your pockets with booze in the house. Thats the good thing about gold, you cant drink it.
Gold > Wine bitchez
Gold > Wine bitchez
Gold > Wine bitchez
btw Speakin about wine … I had myself a godamn good Grenache, Syrah Carignan red wine yesterday. Very fruity like raspberry yet crispy.
And insanely cheap indeedy. Only costed me €4,- for a full Liter (0.26 Gallon) of 12.5% quality Grenache, Syrah Carignan red wine.
Quintilus is a wine made in Fitou region, in France. I reccomend it;light and very agreable as grenache and syrah, carignan are good combos. Around same price.
Wine for placement terms : buy best champagnes and burgundy; not bordeaux except a few exceptions.
They haven't figured out how to bail out countries, without increasing the debt load. Could iy be that the banks are conquering nations with a stroke of a pen?
http://georgesblogforum.wordpress.com/2011/11/02/the-daily-climb-2/
In gold we trust.
wow this is grasping at straws don't you think tyler? I might be a dumbass but 1 oz of gold could prepare you for war, famine, plague etc. If you have all that and money to burn buy a tank not this bull crap lol
Based on the historical dow to wine ratio, I'd say champagne is in a bubble.
I am long in pussy - up, down, side to side movement, doesn't matter. Still rides the market just fine. Wine is just leverage for the investment in pussy. Gold is for long term holding on to pussy, and other commodities worth while having. Get your priorities straight, people !!!!