If My Great Grandfather Wasn't An Honest Man I'd Be Rich Right Now
I joke around about investing my money in canned goods and shotguns but then I read shit like this and think maybe it's not a bad idea. At least there's no index fund for 12 gauge deer shot. You buy it and hold it in your hand when you walk out of the store. Kind of like gold if you're not fooled into thinking you need split second liquidity and purchase useless certificates of gold deposit. Trust me. If gold is what you need to survive you can afford a couple points on the commodities market to hold 79 protons, 79 electrons and 118 neutrons in your hand. It looks like money well spent.
I spent this weekend with both sides of my family. My dads side of which I am of a small handfull of college educated men and my mothers side which doesn't make a living swinging hammers but no longer banks on pedigree when it comes to affluence. On my mothers side I am riding the families Mayflower passaged nobless oblige straight into the gutter. On my fathers side I'm 3rd generation immigrant peasant with a ticket to middle class called a state school degree and a civil servants job. Teaching is a big step up for the family and one that we seem to be excelling in. Joanne, Helen, Cynthia, myself, Nikky and Marilyn all have faced a classroom full of children and conqured. Teaching is one of the jobs that signifies the children and grandchildren of immigrants are entering the mainstream. In my Dads family, my generation is living the American Dream.
That great grandfather who lost his gold? Moms side. And while he was losing his share of the American Dream my great grandfather on my Dads side was running to Ellis Island desperate to hide from the Turks who shot him through the hand and told him to get off his land. He came here with nothing.
So if it takes 5 generations to build great wealth and 5 generations to lose the family fortune my children will be at the epicenter of a family that should be living in squalor and another family that should be astonishingly neuveau riche.
I wonder which side will win?