Tangible Assets: Why Now’s the Time to Buy
Monday, April 20, 2009 : PermalinkSeeking Alpha – Usually when Wall Street talks about hard assets, they’re talking about precious metals or commodities, things you can touch or feel or consume.
But hard assets can mean other things – things that bring pleasure like art, vintage cars or rare stamps. Let’s call them ‘real’ assets’ or ‘stable assets.’
So what’s happening to real assets in this volatile environment? Demand is booming. But compelling values still exist.
“Rare diamond and gemstone prices have been steadily rising and auction houses have been selling investment grade gemstones at record sales” reports Reuters.
Tags: auction houses, commodities, gemstone prices, gemstones, pleasure, precious-metals, rare diamond, rare stamps, real assets, record sales, reuters, seeking alpha, vintage cars, volatile environment, wall street
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