BEST GOLD INVESTMENT 2011 - INVESTMENT STRATEGY SECULAR BEAR MARKET.
Best Gold Investment 2011
- Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a hedge or safe haven against any economic, political, social, or fiat currency crises (including investment market declines, burgeoning national debt, currency failure, inflation, war and
- 2011 (MMXI) will be a common year starting on a Saturday. In the Gregorian calendar, it will be the 2011th year of the Common Era, or of Anno Domini; the 11th year of the 3rd millennium and of the 21st century; and the 2nd of the 2010s decade.
best gold investment 2011 - Deflation: Why
Deflation: Why it's coming, whether it's good or bad, and how it will affect your investments, business, and personal affairs
Although all eyes have been on Southeast Asia since October, it's not the only game around. A broader look shows that the financial crisis in that part of the world is to global deflation what the 1973 oil embargo was to inflation: it focuses and augments the many forces already at work. For the last two decades, governments, corporations, and new technologies have promoted actions that, given certain triggers, will push prices down.
In his comprehensive new book, Deflation, A. Gary Shilling points out the deflationary forces at work in the world, analyzes the impact of the Asian financial crisis, and predicts the kind of deflation that will likely result.
Governments, for example, have done their part by reducing spending and shrinking deficits. With the Cold War over, US defense spending keeps falling dropping from 7.4% of GDP in the third quarter of 1986 to 4% in the first quarter of 1998. Continental governments endure double- digit unemployment rates to move toward the Maastricht target, deficits no more than 3% of GDP. Deregulation among utilities and services is also lowering prices. In the US, Citizens for a Sound Economy, a Republican think-tank, predicts that deregulation of the electricity market would lead to a drop of "at least 43%" in consumers' electricity bills.
Meanwhile, central banks are still fighting the last war, inflation, with higher interest rates. Corporations are adding to deflation momentum with the restructuring that started in the US and UK in the 1980s and has spread to other English-speaking lands. Global outsourcing now provides not only less expensive goods but also cheaper services, including credit card processing and computer programming. Computer and information technology has deflation written all over it. Hardware and software are notoriously prone to price cuts, and users buy the stuff to reduce their own costs.
Outside the US, newly industrialized countries as well as countries recently freed from Communism are becoming major players in the export market. The result is a global glut of products and no one to buy them. With Southeast Asia's financial woes, its consumers are not much of a market, and the US the world's happy dumping ground can only buy so much. Faced with increasing global glut, countries wanting to use exports to improve their economies are more likely than ever to devalue their currencies. No doubt a strengthening dollar is deflationary to the US, and no doubt it is currently welcomed by Washington. But what happens as global glut and weak US exports meet rising labor costs, spurred by the drum-tight US labor market, head on? What happens if a profit squeeze kills overpriced US stocks, and individual investors who rely on their equity portfolios as their savings accounts suffer big losses?
Consumers retrench. Then they watch prices fall, and in a classic move that makes deflation a self-feeding phenomenon, they wait for prices to go even lower before spending a dime.
If, by some slim chance, the Asian crisis proves to be a nonevent for the US, the Federal Reserve will no doubt tighten credit and probably precipitate a recession, preceded, as usual, by a bear market in US stocks. The net effect on consumer behavior would be the same, and as with the case of an Asian-initiated bear market, the end result would be deflation.
When we in the US think of deflation, we think of the 1930s. Its images of soup lines and shanty towns are so vivid that any other idea of deflation pales by comparison. But there was deflation after the Civil War without the financial collapse of the '30s. The deflation Dr. Shilling forecasts coming soon is more likely to be characterized by the oversupply of the late 19th century than the unemployment of the Depression.
The final chapters of Deflation explain how deflation will affect you. Should you keep your stock investments or switch to bonds? Will your company need to be restructured again? What should you do about inventories? Have you personally been saving enough? Dr. Shilling gives you 13 investment strategies, 18 business strategies, and five personal strategies that will work in the deflationary years ahead.
Be prepared. In future years we may conclude that in the summer of 1997, Asia was the trigger for global deflation.
1976 Raleigh Time Trial Special
TI Raleigh SBDU Time Trial Special 1976 serial no. SB 576 H31 An exceptionally early (quite possibly the first) Reynolds 753 time trial special frame built in February 1976 by Raleigh SBDU, Ilkeston. The "H31" bb stamping designates this as only the 31st special order frameset built by the SBDU. Acquired on eBay (UK) in October 2010 for ?433 from its second owner. Back on the road 25 January 2011. This rare and unusual frame differs from later production SBDU 753 tt framesets: 1. conventional Campagnolo drop-outs instead of vertical ones. 2. the front and rear drop-outs are not drilled 3. seat and chainstay ends are conventional not "fish mouth" 4. seatstay caps are conventional not oversized Built up with some of the lightest period correct components c. 1976, the complete machine weighs 17.6 lbs description from the eBay auction: "The frame is a Time Trial Special model purchased from the original first owner. Raleigh SBDU Time Trial Special frames are much rarer than their road racing equivalents. The frame is of particular interest because after many years of researching Raleigh SBDU Ilkeston, recording frame numbers and details and studying data bases held on the internet etc I feel this frame is probably the first Reynolds 753 frame to be sold to a member of the public. It would also therefore be the first Time Trial Special frame set sold to the public. Raleigh SBDU Ilkeston worked very closely with Reynolds and in particular on the development of Reynolds 753 tubing. This is not surprising as both Raleigh and Reynolds were both owned by Tube Investments (Ti). Reynolds first produced 753 tube sets in 1974 and Dave Lloyd took the RRA straight-out 50 mile record in October of that year on a 753 frame. 753 frames were then used by Roy Schuiten in the 1975 Paris-Nice and then along with other selected Ti Raleigh team members he rode 753 frames for most of the subsequent races in that year. Roy Schuiten also rode a 753 frame in his world pursuit championship win and also for his wins in the Grand Prix des Nations at Lugano in 1975. 753 frames used at this time by the Ti Raleigh Team were badged Reynolds 531. Reynolds first announced the production of 753 to the general public in November 1975. The launch was timed to coincide with Roy Schuiten’s hour record attempt in Mexico for which two special 753 frames were made by Raleigh SBDU Ilkeston. They were also painted with a new light weight gold paint and lacquer. However, Raleigh SBDU never geared up to supply frame sets and accept orders from the public until January 1976. By this time Reynolds, supported by Raleigh SBDU, considered that the technique required to braze 753 tubing had been properly developed. In addition Reynolds were not willing to supply frame sets to frame builders until they had been specifically approved by Reynolds as having acquired the necessary skills to safely braze the tubing. This situation resulted in Raleigh SBDU Ilkeston being able to supply 753 frames to the public 3 months or more before any other frame builders. Raleigh SBD at Ilkeston required a minimum of 3 months from date of order to build a frame. This frame supplied on 24 March 1976. I have the original sales receipt. Raleigh SBDU Ilkeston frame numbering started at around number 500 at the beginning of 1976. However, the numbering sequence did not distinguish between tube set types so for example a Reynolds 531SL frame could be numbered say 610 and a 753 frameset numbered 611. When the original owner purchased the frame he was already competing as a veteran in his mid 50’s. He achieved significant success on the frame in the Veterans Best British All Rounder with several finishes in the top 5. Copies of pages from Cycling Weekly detailing some of the owner’s success will be provided to the buyer along with the original receipt for the purchase of the frame. A photo of the owner using the frame in a time trail competition in 1980 will also be provided along with copy correspondence with him. The frame was repainted some time ago but in exactly the same colour and identical Raleigh transfer set as when first purchased with the help of the original first owner." Build Date: February 1976 Delivered: 24 March 1976 by Harry Hall Cycles, Cathedral Street, Manchester to G. Thompson of Wirral. Cost of frame: ?105 Frame/Fork Material: Reynolds 753T double butted metric gauge, code 801, 0.3mm wall Braze ons: gear cable stop on chainstay, single cable guide on driveside bb top shell, down tube water bottle cage bosings. Drop outs: Campagnolo 1010B short Bottom bracket: RGF Finish: refinished per the original, gold lacquer, block Raleigh letters in black on downtube and seat tube bands in the Raleigh racing colours of red/yellow/black. Raleigh headbadge sticker. Raleigh Special Built Unit stickers on chainstays. Size: seat tube 57.5 cm (c to c), 59.5 cm (c to t) top tube 57 cm (c to c) Chain stay length: 16.5" (centr
Colonel Frank J. Hecker Mansion at 5510 Woodward
The following information comes from the website Detroit, the History and Future of the Motor City at Detroit1701.org. "Colonel Frank Hecker served as a colonel in the Union Army during the war between the states. He returned to Detroit where he earned a fortune in the railroad supply business. He was one of the founders of the Peninsular Car Company—a firm that used Michigan's white pine to construct railroad cars. "Louis Kamper of the New York firm of McKee, Mead and White designed the home, which resembles the 16th century Chateau de Chenonceaux and the Chateau d'Azay-le-Rideau near Tours; that is, in the style of the early French Renaissance. There are large turrets at the corners of this 49-room home. Several bays project from the main structure. Flemish dormers break the steep hip roof. A balustraded, colonnaded loggia wraps around the home. "The interior received as much attention—and as great an investment—as the exterior. There is a huge hall paneled in oak and designed for large parties. The oval dining room was done in mahogany and the lobby in English oak, while the music room was finished in white and gold. Egyptian Nubian marble and onyx were used for the fireplaces; Italian sienna marble for the vestibules. "The carriage house—clearly visible from Woodward—is an impressive building in itself. At one point it was converted into a concert hall seating 200. "This home illustrates the taste of one of the newly-rich entrepreneurs of the early industrial age. He selected a flamboyant yet architecturally interesting residence for himself and his family. At this time, it was not possible to select a location way out in the suburbs so this chateau is now in the heart of Detroit. This is one of the best examples of the chateauesque architecture that was popular around 1900 to be found in Detroit today. Other examples include the Whitney Mansion on Woodward, the Eight Precinct Police Station near the intersection of Grand River and Martin Luther King and the Marvin Stanton Castle on the eastside."