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My Favorite Investment
I love it. Forty years ago a Hershey chocolate bar cost five cents. The bar will cost $5.00 in 2010. The dollar won't be worth anything in a few years. The chocolate will! I think it's obvious that since we no longer have a gold or silver standard that we must stabilize our economy by creating a chocolate standard. I wish I had thought of a chocolate standard but it was the ancient Mayan culture that first tied currency to chocolate. Honest. Sophie and Michael Coes, anthropologists, document how the Mayans used unsweetened liquid chocolate as currency hundreds of years ago. One of the problems with chocolate currency would be coming up with the correct formula. Should a dollar be pegged to a handful of chocolate Hershey kisses? Or M&Ms? And then of course, how do you store your hoard of chocolate? I would tie Sees Chocolates to the dollar. First—Sees are good. Second—the company is owned by one of the richest men in the world: Warren Buffet. A $10,000 investment in Buffet's original 1956 portfolio would today be worth a staggering 250 million ... after taxes! And third—Sees Chocolates was invented by a Canadian, Mrs. Sees. (Banks in Canada never fail.) A box of Sees chocolates costs about $13.00. But to stock up big time and protect your investment from going stale, you'd want to buy Sees Chocolate Gift Coupons at a place like Costco. Your per-pound cost is well under $10.00. The coupons can be traded for a pound of chocolate anytime at Sees. Forever. It's like buying the ultimate option. Buffet will be forced to produce and supply a pound of chocolates for much more money than you originally paid for them. How sweet it is. Think of the short-term possibilities. You buy a $13 coupon for under ten dollars at Costco and you take it to Sees and sell it to someone entering the store. (The coupons are transferable.) Quick profit! In a few hours you earn 30-35 per cent on your money. Now think of the long-term gains. Toss the coupon in a safety deposit box, wait ten years. I project that a pound of Sees will cost about fifty dollars in a decade. So in the year 2013, simply take your certificate and lurk outside a Sees store. Any Sees customer would snap up your coupon for $40. (It would save them $10.) A win-win situation. Your originally ten dollar investment would be worth four times what you had paid for it. Put the same ten bucks in a bank today and you would be lucky to earn a dollar or two in the next decade. Could chocolate beat the stock market? Or the bond market? Or real estate? Or fine art? Bet the farm on it. Worst case scenario. All world markets crash and civilization ends and you can still eat your investments. I have tracked Mr. Buffet's investment strategies over the decades. Recently he bought huge quantities of silver. (But you can’t eat silver.) He is now Arnold Schwarzenegger's financial advisor as the world-famous star attempts to govern California. From time to time Mr. Buffet meets with Bill Gates. (But Buffet does not buy software stocks.) What is going on? Silver, Arnold and Gates are smoke screens for what Buffet is up to. Mr. Buffet is only a heartbeat away from establishing a world chocolate standard that he plans to control. If you're as smart as I am you'll cash in by buying chocolate futures (Sees gift certificates at Costco). Fair warning: Mr. Smoke Screen Buffet, we're onto you!
copyright 2003 Jaron Summers |
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