Hi Mervyn, I just love your financial tips.
I wish on the basis of what you said that I had bought bangdes (mackerals) in 1970. An investment of the same four thousand dollars would have got me 600 million bangdes (taking into account that one dollar equalled ten rupees then and that one rupee could have fetched me 150 bangdes in Goa in season). Now if I had to sit on those 600 million bangdes and sell them today at say a rupee a bangdo (I am sure they could be sold for more than that), I would have profited by at least $13.3 million dollars less the $4,000 initial investment (given the current exchange rate). Of course those bangdes could have been dried in 1970 and sold today while I don't know how you could drink the 2004 beers more than 3 months later. But of course those are minor details and gurus usually encourage us not to miss the woods by looking too closely at the trees. Cheers to your latest stock of cashew feni and I might take you up on your offer some weekend soon. When I do, please discourage me from posting on Goanet within too short a time of imbibing it. Roland. -- Roland Francis http://roland-torontogoan.blogspot.com +1 (416) 453.3371 On Sat, May 23, 2009 at 5:36 PM, Mervyn Lobo <[email protected]> wrote: > In 2004, gold was selling at $400 an ounce, Citibank was trading at > $40 a share and a bottle of beer was $1.00 here in Toronto. > > Those blessed with $4,000 could have bought: > 1) 10 ounces of gold > 2) 100 shares of Citibank > 3) 4,000 beers > > The third choice was the most tempting. At two beers a day, it would > take anyone more than five years to consume all that golden nectar. I > chose gold in 2004 and asked all on this net to invest in the same. > > Fast forward five years and: > 1) That ten ounces of gold is now worth $9,500 > 2) The 100 shares of Citibank is worth $370
