Great, now I just need to figure out a way to short collectibles and jewelry.

FrancoFile: Great, now I just need to figure out a way to short collectibles and jewelry.

Step 1: Borrow the item
Step 2: Sell the item
Step 3: Buy item back and return it
Step 4: Profit

Phil McKraken: FrancoFile: Great, now I just need to figure out a way to short collectibles and jewelry.

Step 1: Borrow the item
Step 2: Sell the item
Step 3: Buy item back and return it
Step 4: Profit

Let me clarify.

Great, now I just need to figure out a way to short collectibles and jewelry without pestering lots of people to borrow things and spending my whole farking life on Craigslist and eBay.

"People are becoming increasingly cautious about entrusting their hard-earned money to the banks," says Rolf Bürkl of market research institute GfK. It has yet to become a mass movement, but a significant number of people are shifting their money around, cancelling supposedly rock-solid financial products like life insurance.

Kudos for not throwing your money into savings right now but assuming you're not in a variable product, the onus is on the insurer to make the money to cover the risk they took on the insured's life and not the insured's responsibility to see a gain. Yes, $250,000 won't have the same purchasing power in 2035 that is does today but it beats having to deal with keeping tabs on the reputation and appetite for pieces of art.

/And these are the responsible Europeans.
//At least leave enough to make sure they don't need to pass the hat at your funeral.

It's more like drug dealers are using jewelry stores to launder cash.

You know who else had a German automobile investment scheme?

I'm hiding diamonds up my ass.

Phil McKraken: FrancoFile: Great, now I just need to figure out a way to short collectibles and jewelry.

Step 1: Borrow the item
Step 2: Sell the item
Step 3: Buy item back and return it
Step 4: Profit

that there is funny

I thought 'art' was just used to launder money, just like 'foreign box office receipts,' for the crap Hollywood squeezes out, radio/television advertising, and race horses?

"In April 1933, during the global economic crisis, US President Theodore Roosevelt..."


What an immaculately researched article.

FrancoFile: Great, now I just need to figure out a way to short collectibles and jewelry.

Interestingly, the high-end of the art and antiques market has continued to rise through this recession (likely due to the fact that the wealthiest people haven't been affected by it at all).

video man: Right now, I know of a few textbooks I can get for new from the university bookstore, and sell back to Amazon as profit. I bought 3 of them for $100 each, and sold them to Amazon for ~$146 each. I haven't found a gift card buyer for Amazon on the internets, but if you assume 75% buy back, that's at least $9 of profit per book right there, if not more.

Meh. That's nothing. There's an item I regularly buy on eBay for around $150 and can sell locally for about $500, usually turning at least a $300 profit each time. The only problem is that they don't show up on eBay often enough for me to satisfy demand.

Must have been right before Theodore Roosevelt charged up Berlin Hill with his Rough Riders and defeated Hitler using his Tomahawk Cruise missiles.

Goodfella: Must have been right before Theodore Roosevelt charged up Berlin Hill with his Rough Riders and defeated Hitler using his Tomahawk Cruise missiles.

Right after he buried the yellow fever victims.

Dwight_Yeast: FrancoFile: Great, now I just need to figure out a way to short collectibles and jewelry.

Interestingly, the high-end of the art and antiques market has continued to rise through this recession (likely due to the fact that the wealthiest people haven't been affected by it at all).

video man: Right now, I know of a few textbooks I can get for new from the university bookstore, and sell back to Amazon as profit. I bought 3 of them for $100 each, and sold them to Amazon for ~$146 each. I haven't found a gift card buyer for Amazon on the internets, but if you assume 75% buy back, that's at least $9 of profit per book right there, if not more.

Meh. That's nothing. There's an item I regularly buy on eBay for around $150 and can sell locally for about $500, usually turning at least a $300 profit each time. The only problem is that they don't show up on eBay often enough for me to satisfy demand.

Ummm... Young Thai boys?

kbotc: Ummm... Young Thai boys?

Nope. Perfectly safe and legal. And quite boring, actually, but desirible. Obviously, I'm not going to tell you what it is, but I will admit that I make my living selling antiques, collectibles and books.