Hello my Diva Darlings,
I have not been posting of late do to medical problems, well to put it bluntly I've developed Congestive Heart Failure, I'm on pills and medications and there is the possibility that I will have to have a pacemaker implanted.
Everything is an effort right now, doing something as simple as reading is tiring.
Fortunately my home is set up so if I become invalided I can still move around and be some what independent, right now if I want to go shopping I have to be in a wheel chair. How frustrating!
Fortunately my family and friends including my dear Juanita have been taking good care of me. So I've managed to keep up with things.
On investing----I've gone conservative on my investments of late (before heart problems) and have been looking into Utilities instead of high flying things, when one reaches the senior years going for conservative will bring in the steady income.
I still do my "Mac and Cheese" investing as well on food stuffs and baby items, who would have thought "Pampers" would be such a good idea...I did.
There is talk that Colorado may follow the way of Utah in having gold and silver as the real commodity of exchange, there is a bill being looked at right now. Several States are already reconsidering re-jecting "fiat" money and going with a dollar that is backed by real gold, real silver.
I'm not saying that investing in gold and silver is the way to go, although silver is a good investment, but gold is very high right now. But this is a trend that is building ground.
But my Diva's don't sell your gold jewelry or anything like that, and never get anything less that 14 kt, if it's 10 kt that's costume jewelry in my book and look for the bargains you'll find it. Check my earlier posts on jewelry investing.
Now I must go, I tire to easily right now my Darlings, remember always take good care of your health.
Until Anon, Kisses
Showing posts with label gold. Show all posts
Showing posts with label gold. Show all posts
Tuesday, March 19, 2013
Sunday, November 23, 2008
Gold Standard, economic studies
Hello Darlings,
First I have to say that I thoroughly enjoyed Quantum of Solace, it’s different in its own way, and obviously they are re-inventing the Bond Universe, but for just plain fun, and lots of popcorn (back to the gym for me) I do recommend it.
Afterwards, Kenneth updated me on what is going on in his life, it seems that with working with a certain company he is being forced to have to travel more to make sure that all parts of it are running in the same direction and it does look like they may have to do cut backs, Kenneth is recommending to hold off on the cut backs until after the Holidays, and see what they can gain through attrition (retirement) which can mean less layoffs than expected and he’s looking at last hired first to let go, unless it’s a specialization. He has a lot of headaches on this, but his feeling is that we won’t see the beginning of a turn around until this time next year. He’s planning to ride this out, make sure that as much as possible is in place with his company and then look at retirement, his finances are in good shape, but he’s thinking of freelancing, there seems to be a demand for that and he says he doesn’t have to remain in one place for a long time.
I’m inclined to agree with him. The news in Barron’s is mixed, the stock market doesn’t know where to go, and I do hope that Mr. Obama will put serious regulations on profit taking.
I am so glad that my head has finally stopped whirling around and around from all the election “hype”, now a President elect is in place. I sincerely hope he does the right thing, especially with the economy.
There is an opinion article in the (Nov. 17, 2008) Christian Science Monitor; the author postulates that it would be good for our economy for the United States to go back to the Gold Standard.
Personally Dahlings I feel that in the long term it would be a very wise move, one needs to look at the various economies of different nations over the last 100 years and see that when they went off the Gold Standard, it was rampant recession and inflation, with goods not being priced at their true value, if we were on the gold standard we would have a true value of what our goods are worth.
But there are some caveats to all of this:
There are over 100 countries that mine gold and sell it on the market.
The five biggest producers are
China
South Africa
United States
Australia
Russia
As you can see only the United States and Australia are the least volatile in gold production or mining.
China out stripped South Africa because labor is cheap there, for they, like some other countries hold life as being cheap.
Here in the United States the primary gold producing countries are Nevada, Alaska, Colorado and California. And we are the second largest holder of gold in the world, yes Dahlings, there is gold in Fort Knox. Approximately about $134 Billion dollars worth as of the gold value in April 2008.
But here is the crux of the problem how does one mine the gold without it becoming an eco-environmental danger. Open pit mine is safest to the laborers but is an environmental disaster. Closed mining is far more dangerous. One can only find so much in placer mining.
And the cost of mining, so what is the best way to get that gold out of the ground? Considering all the up to date mining techniques I think I’d leave that to those qualified.
But I know some of you are asking is the Gold Standard really the way to go?
Lawrence White wrote a paper on that and even answered any objections in his paper that was published in the CATO newsletter of which I will print the summary here and if you go to the CATO website you will be able to read his paper in full.
His paper was presented on Feb. 8, 2008
SUMMARY~~~~~
Is the Gold Standard Still the Gold Standard among Monetary Systems? By Lawrence H. White
Lawrence H. White is the F. A. Hayek Professor of Economic History at the University of Missouri St. Louis and an adjunct scholar of the Cato Institute. He is the author of Competition and Currency, Free Banking in Britain, and The Theory of Monetary Institutions.
No. 100
Critics have raised a number of theoretical and historical objections to the gold standard. Some have called the gold standard a crazy idea.
The gold standard is not a flawless monetary system.
Neither is the fiat money alternative.
In light of historical evidence about the comparative magnitude of these flaws, however, the gold standard is a policy option that deserves serious consideration.
In a study covering many decades in a large sample of countries, Federal Reserve Bank economists found that money growth and inflation are higher under fiat standards than under gold and silver standards.
Nor is the gold standard a source of harmful deflation.
Alan Greenspan has testified before Congress that a central bank, properly functioning will endeavor to, in many cases, replicate what a gold standard would itself generate.
This study addresses the leading criticisms of the gold standard, relating to the costs of gold, the costs of transition, the dangers of speculation, and the need for a lender of last resort.
One criticism is found to have some merit. The United States would not enjoy the benefits of being on an international gold standard if it were the first and only country whose currency was linked to gold.
A gold standard does not guarantee perfect steadiness in the growth of the money supply, but historical comparison shows that it has provided more moderate and steadier money growth in practice than the present-day alternative, politically empowering a central banking committee to determine growth in the stock of fiat money. From the perspective of limiting money growth appropriately, the gold standard is far from a crazy idea.
So Dahlings, what does this all lead to? Simple, if the new president-elect is wise, he should push for the Gold Standard with all nations, and that they should switch to this standard on the same day so that no one country is left dangling as the first.
Of course those countries with a greater gold production will have a certain amount of financial power, and that should be regulated as well.
People are taught to save, if they are wise, and savings is important but the money that you are saving is fiat money, only alleging being back by the governments guarantee that it will buy you a certain amount, but if you look at the value of the dollar against the Euro it has devalued and buys less. Why is that?
Because people speculate; with the gold standard it will reduce that speculation and you will have a guarantee that your dollar is a dollar. Fiat money is only credit dollars and can be rendered worthless if safe guards are not in place.
But do save, to do those emergency repairs that come up, it’s not a bad thing, but remember prices, because of this inflation will go up, so be prepared for that.
And study economic principals to aid you in your Diva life style.
Now this Diva having gone to the gym yesterday and did her aerobic walking this morning, is going to freshen up and meet her friend Irma for a bit of lunch in the City and a bit of shopping, my brother Tom has said that it’s best if we exchange gift certificates for the Grandchildren (my great nieces and nephews) and they can select what they want, an excellent idea and fortunately their parents told me what is their children’s favorite stores.
Must go, my Diva Darlings.
Until Annon, Kisses Darlings.
First I have to say that I thoroughly enjoyed Quantum of Solace, it’s different in its own way, and obviously they are re-inventing the Bond Universe, but for just plain fun, and lots of popcorn (back to the gym for me) I do recommend it.
Afterwards, Kenneth updated me on what is going on in his life, it seems that with working with a certain company he is being forced to have to travel more to make sure that all parts of it are running in the same direction and it does look like they may have to do cut backs, Kenneth is recommending to hold off on the cut backs until after the Holidays, and see what they can gain through attrition (retirement) which can mean less layoffs than expected and he’s looking at last hired first to let go, unless it’s a specialization. He has a lot of headaches on this, but his feeling is that we won’t see the beginning of a turn around until this time next year. He’s planning to ride this out, make sure that as much as possible is in place with his company and then look at retirement, his finances are in good shape, but he’s thinking of freelancing, there seems to be a demand for that and he says he doesn’t have to remain in one place for a long time.
I’m inclined to agree with him. The news in Barron’s is mixed, the stock market doesn’t know where to go, and I do hope that Mr. Obama will put serious regulations on profit taking.
I am so glad that my head has finally stopped whirling around and around from all the election “hype”, now a President elect is in place. I sincerely hope he does the right thing, especially with the economy.
There is an opinion article in the (Nov. 17, 2008) Christian Science Monitor; the author postulates that it would be good for our economy for the United States to go back to the Gold Standard.
Personally Dahlings I feel that in the long term it would be a very wise move, one needs to look at the various economies of different nations over the last 100 years and see that when they went off the Gold Standard, it was rampant recession and inflation, with goods not being priced at their true value, if we were on the gold standard we would have a true value of what our goods are worth.
But there are some caveats to all of this:
There are over 100 countries that mine gold and sell it on the market.
The five biggest producers are
China
South Africa
United States
Australia
Russia
As you can see only the United States and Australia are the least volatile in gold production or mining.
China out stripped South Africa because labor is cheap there, for they, like some other countries hold life as being cheap.
Here in the United States the primary gold producing countries are Nevada, Alaska, Colorado and California. And we are the second largest holder of gold in the world, yes Dahlings, there is gold in Fort Knox. Approximately about $134 Billion dollars worth as of the gold value in April 2008.
But here is the crux of the problem how does one mine the gold without it becoming an eco-environmental danger. Open pit mine is safest to the laborers but is an environmental disaster. Closed mining is far more dangerous. One can only find so much in placer mining.
And the cost of mining, so what is the best way to get that gold out of the ground? Considering all the up to date mining techniques I think I’d leave that to those qualified.
But I know some of you are asking is the Gold Standard really the way to go?
Lawrence White wrote a paper on that and even answered any objections in his paper that was published in the CATO newsletter of which I will print the summary here and if you go to the CATO website you will be able to read his paper in full.
His paper was presented on Feb. 8, 2008
SUMMARY~~~~~
Is the Gold Standard Still the Gold Standard among Monetary Systems? By Lawrence H. White
Lawrence H. White is the F. A. Hayek Professor of Economic History at the University of Missouri St. Louis and an adjunct scholar of the Cato Institute. He is the author of Competition and Currency, Free Banking in Britain, and The Theory of Monetary Institutions.
No. 100
Critics have raised a number of theoretical and historical objections to the gold standard. Some have called the gold standard a crazy idea.
The gold standard is not a flawless monetary system.
Neither is the fiat money alternative.
In light of historical evidence about the comparative magnitude of these flaws, however, the gold standard is a policy option that deserves serious consideration.
In a study covering many decades in a large sample of countries, Federal Reserve Bank economists found that money growth and inflation are higher under fiat standards than under gold and silver standards.
Nor is the gold standard a source of harmful deflation.
Alan Greenspan has testified before Congress that a central bank, properly functioning will endeavor to, in many cases, replicate what a gold standard would itself generate.
This study addresses the leading criticisms of the gold standard, relating to the costs of gold, the costs of transition, the dangers of speculation, and the need for a lender of last resort.
One criticism is found to have some merit. The United States would not enjoy the benefits of being on an international gold standard if it were the first and only country whose currency was linked to gold.
A gold standard does not guarantee perfect steadiness in the growth of the money supply, but historical comparison shows that it has provided more moderate and steadier money growth in practice than the present-day alternative, politically empowering a central banking committee to determine growth in the stock of fiat money. From the perspective of limiting money growth appropriately, the gold standard is far from a crazy idea.
So Dahlings, what does this all lead to? Simple, if the new president-elect is wise, he should push for the Gold Standard with all nations, and that they should switch to this standard on the same day so that no one country is left dangling as the first.
Of course those countries with a greater gold production will have a certain amount of financial power, and that should be regulated as well.
People are taught to save, if they are wise, and savings is important but the money that you are saving is fiat money, only alleging being back by the governments guarantee that it will buy you a certain amount, but if you look at the value of the dollar against the Euro it has devalued and buys less. Why is that?
Because people speculate; with the gold standard it will reduce that speculation and you will have a guarantee that your dollar is a dollar. Fiat money is only credit dollars and can be rendered worthless if safe guards are not in place.
But do save, to do those emergency repairs that come up, it’s not a bad thing, but remember prices, because of this inflation will go up, so be prepared for that.
And study economic principals to aid you in your Diva life style.
Now this Diva having gone to the gym yesterday and did her aerobic walking this morning, is going to freshen up and meet her friend Irma for a bit of lunch in the City and a bit of shopping, my brother Tom has said that it’s best if we exchange gift certificates for the Grandchildren (my great nieces and nephews) and they can select what they want, an excellent idea and fortunately their parents told me what is their children’s favorite stores.
Must go, my Diva Darlings.
Until Annon, Kisses Darlings.
Friday, March 14, 2008
Have Been Busy---White Elephant Sales and all~~~
Well Darlings,
You are just going to have to forgive me for not posting for so long, but I have been very busy.
First of course, were the taxes and fortunately they were exactly as I had expected. My tax preparer is always so happy that I keep excellent records; well it does help to work with him throughout the year, especially if one has any questions. When I was with my friend Michelle in Reno, I did have some substantial winnings, but they will be for the 2008 taxes.
Then the garden, while we had some good weather I had my gardener work on the garden to make sure that I would have blooming flowers all year round and right now the plum and cherry trees are in magnificent full bloom, but it does aggravate one’s allergies, but I’m a bit fortunate in that regard, just some sneezing and sniffles and it’s worth it to see all that beauty.
I hired Manuel, Juanita’s son-in-law to work on the platform dock that I have to make sure that it is solid and to upgrade it so that when the weather is fine one can have coffee or cocktails without it sinking into the water. He did a wonderful job, and I was surprised to discover that he is such a fine craftsman with wood furniture, an artist really; I’m going to recommend him to a number of my friends who are doing some remodeling in their homes.
And I’m still decorating my home, well Darlings it never stops. I had a spare bedroom that I had not furnished yet, I wanted to continue my art deco/art moderne theme, but it was finding the right bedroom set. Now my house has 3 bedrooms, mine, and one that I converted for Juanita’s use and one spare bedroom but it wasn’t ready when Michelle stayed a couple of nights earlier this year.
But finally I found it and could get a nice tax write-off, The Oakland Museum White Elephant Sale, my brother Tom and his wife, Lois and I never miss it and this year we were prepared as always, Tom’s two sons and their wives were also coming with us and we had their trucks with rented trailers attached for our haul.
I asked Juanita if she wanted to come with us and she did. It was there that I found it, the perfect bedroom set, it had that wonderful round vanity mirror with the vanity and matching chair, two night stands, a dresser, double bed and an armoire with a mounted mirror. And a bonus, I also found the perfect table that would go with my Bogart Lux Dinning chairs; I just could not believe my luck with all of that.
My brother found some furniture to go into his cabin to replace some odd pieces that were there and that would match the décor a bit better and Lois, the girls and I found some jewelry we couldn’t live without (I know it sounds so, well you know, but it was fun). I also found a statue in the art deco style, my sister-in-law Lois came across a painting of an old western town street scene and we agreed that it was perfect for the cabin, Tom and the boys fell in love with it.
Juanita was also very lucky, she found the perfect chaise lounge chair and reading lamp that she had been looking for her room, just right to rest in with one’s feet elevated to read or watch T.V. and also a good sturdy table for her T.V. and DVD player.
So with all the loading and unloading we were delightfully tired, but it didn’t end for Tom and his boys, they all were going up to the cabin at Donner Lake to take the furniture and to check on the Cabin for needed repairs. So after a late lunch off they went while Juanita and I dusted and polished our hard won prizes.
But poor little Princess was feeling a bit neglected so I moved her little bed into the spare bedroom while I polished and cleaned everything to my satisfaction and she had the fun of trying to curl up in my lap as I sat on the floor cleaning every single bit of carving on the furniture. She even fell asleep. Juanita came in and laughed at the fact that I dared not move with my little darling sleeping in my lap, but move I must much to the little darlings’ complaints.
Juanita was very proud of her finds and they fitted into her room just perfectly.
Just when we took a break to have a bit of coffee the door bell rang and it was my sweet darling Kenneth, asking if he could treat me to dinner and an auction preview and I said only if I could go casual.
Then I took a look at Kenneth’s shirt and it was the exact type that Charlie Sheen wears on “Two and a Half Men” (well I do like the humor in that show), so with my (dare I say it) jeans, flannel shirt, tennis shoes and my hair it a cherry print scarf, and his Dockers and Charlie Sheen bowling shirt if that is not casual, then we don’t know what is, so off we went. But I had to sneak Princess with me; she had been neglected enough for one day.
Juanita was fine as her daughter called and she and Manuel were coming to pick her up to go to a relatives house for dinner, so freshening up my face, bundling Princess in her carryall off we went and had fun at the auction preview and made plans to come back the next day for the auction itself.
All in all it was a wonderful weekend, Tom and his family arrived at their cabin just fine without any problems and would be staying there for the week I had asked my friend ‘Mean Kitty’ if she had wanted to go with us to the White Elephant Sale but she had to work that day and hoped she would be lucky on Sunday.
I got lucky at the Auction as well and was able to purchase some jewelry at below their value. And here is where there is another lesson for all you Darling Diva’s.
Jewelry is also a good investment, no matter what, the value of gold and silver is always going up, so are gems, there is only a finite amount to go around, the only one that can be manufactured is pearls and to a certain extent coral, but if the seas or waters are not the right temperature then even pearls will not be available.
There are two prices to look at in terms of jewelry, their cash value (that is the amount of gold or other precious metals or gems) and their design value (that is the design if it is unique and by a well know company or designer) the second can be more valuable than the first.
I have a friend of mine and she will buy what she calls “casual jewelry” at Mervyns or T.J. Max, and sometimes at Macy’s on sale---what she does is takes photo’s of the pieces, puts them in a catalogue binder, tapes the purchase price and what was the original price next to each picture of each piece, this way when she plans to sell them she’ll know what to ask for it. And she has always made a profit.
But this is also true with your good pieces as well, always keep the receipt for the purchase price on file, and then after 5 years get an updated appraisal on it as well.
And all you Diva’s out there who get engaged, remember this---there are several rules about the engagement ring, one of which is traditional, if you break off the engagement you are suppose to give the engagement ring back, if he breaks off the engagement you can keep the ring because it is also a gift or promise to be married.
The only time I would absolutely give the ring back even if it is he who breaks the engagement off, is if the ring is a family heirloom from his family, even if you are the one who breaks the engagement off and the ring is a family heirloom return it, since it would not have any sentimental value to you, by giving the ring back (since it’s an heirloom) you would be looked upon as being an honorable person. If you keep it then be prepared to be sued in court for the ring or its value. A true Diva does not wish to have the head ache of going to court. But always find out first if the ring is an heirloom or if he bought it.
Now there is a gray area here, if he bought the ring and you break off the engagement, then you should give the ring back, but sometimes the ring is kept by the ex-future bride, in that case one of two things will happen either the ex-groom will demand the ring back and even go to court (so be prepared to be sued) or he will walk away and forget the whole thing, the latter rarely happens so it would be best then to give the ring back when you break the engagement, but anything else he gave you (and make sure even in writing) that these are gifts, so you may keep them---if he includes a card or something that indicates it was a period of gift giving, write on the card the date and what he gave you, this will be at least limited proof of his gift giving. Whether this will hold up in court will be up to the judge, but by having the gift cards with the dates it could help your defense. If he asks any questions just say you’re sentimental and also for insurance purposes.
If you do go ahead and get married and then eventually divorced, the rules are this, if he bought the rings you keep them. If they are family heirlooms give them back, it is so much simpler that way---but any jewelry that he buys you or you buy your self---that is yours, only family heirloom jewelry that is from his family should go back. Unless it is stipulated that it is to go to your daughters, in this case it would be best to be magnanimous and speak to your mother-in-law in regards to the heirloom jewelry without interference from your soon to be ex-husband and let her know that you wish to know her feelings on that matter. She will look upon you in a different and positive light, even if her feelings towards you maybe hostile and she acts like a witch, she cannot deny that in regards to the matter of the family jewelry you were honest.
But if you are single and having fun and your man of the hour gives you “bling”, then be calm and collect it, and make sure that the gift card lists the date and the item he gave you and then lock it up in a bank safe deposit box where he can’t get his hands on it.
Just on the news last night, I heard about gold going over $1,000, of course weakening the dollar, but I knew that was coming, since I follow the business and stock news. That is why I have been looking at stocks with growth potential that can weather this unsettling economic situation so remember even jewelry is going go to up in price , don’t waste you money on something that is 10k unless you regard it as just above costume jewelry, make sure it is at least 14k or 18k.
And also about all those little doggies that were going to the Marin animal shelter being rescued from an elderly couple that had over 800 dogs in their home!!! Well I wrote out a check as a donation to help out with the feed and care of those poor things.
Now before anyone thinks that I think more of animals than of people, I do think of people, there is this one charity that I donate regularly that supplies wheelchairs to needy disabled people, I also donate to a women’s shelter and several others that help women in need and children. Women, Children and pets are the one’s that have no voice in this world.
Of course some of you are going to say to me, “but you don’t have children” I have nieces and nephews so I know how it’s like for a child, I am a woman so I know how it’s like for a woman. And yes I do eat meat and I do wear fur, but those are from animals that are specifically bred for that, but even then I do believe that when an animal is made for human consumption it should be done humanely. And I will make no further excuses. Diva’s never make excuses Diva’s just do it.
Well Darlings, it is now Friday and I have plans for this weekend, so Until Anon, Kisses Darlings.
You are just going to have to forgive me for not posting for so long, but I have been very busy.
First of course, were the taxes and fortunately they were exactly as I had expected. My tax preparer is always so happy that I keep excellent records; well it does help to work with him throughout the year, especially if one has any questions. When I was with my friend Michelle in Reno, I did have some substantial winnings, but they will be for the 2008 taxes.
Then the garden, while we had some good weather I had my gardener work on the garden to make sure that I would have blooming flowers all year round and right now the plum and cherry trees are in magnificent full bloom, but it does aggravate one’s allergies, but I’m a bit fortunate in that regard, just some sneezing and sniffles and it’s worth it to see all that beauty.
I hired Manuel, Juanita’s son-in-law to work on the platform dock that I have to make sure that it is solid and to upgrade it so that when the weather is fine one can have coffee or cocktails without it sinking into the water. He did a wonderful job, and I was surprised to discover that he is such a fine craftsman with wood furniture, an artist really; I’m going to recommend him to a number of my friends who are doing some remodeling in their homes.
And I’m still decorating my home, well Darlings it never stops. I had a spare bedroom that I had not furnished yet, I wanted to continue my art deco/art moderne theme, but it was finding the right bedroom set. Now my house has 3 bedrooms, mine, and one that I converted for Juanita’s use and one spare bedroom but it wasn’t ready when Michelle stayed a couple of nights earlier this year.
But finally I found it and could get a nice tax write-off, The Oakland Museum White Elephant Sale, my brother Tom and his wife, Lois and I never miss it and this year we were prepared as always, Tom’s two sons and their wives were also coming with us and we had their trucks with rented trailers attached for our haul.
I asked Juanita if she wanted to come with us and she did. It was there that I found it, the perfect bedroom set, it had that wonderful round vanity mirror with the vanity and matching chair, two night stands, a dresser, double bed and an armoire with a mounted mirror. And a bonus, I also found the perfect table that would go with my Bogart Lux Dinning chairs; I just could not believe my luck with all of that.
My brother found some furniture to go into his cabin to replace some odd pieces that were there and that would match the décor a bit better and Lois, the girls and I found some jewelry we couldn’t live without (I know it sounds so, well you know, but it was fun). I also found a statue in the art deco style, my sister-in-law Lois came across a painting of an old western town street scene and we agreed that it was perfect for the cabin, Tom and the boys fell in love with it.
Juanita was also very lucky, she found the perfect chaise lounge chair and reading lamp that she had been looking for her room, just right to rest in with one’s feet elevated to read or watch T.V. and also a good sturdy table for her T.V. and DVD player.
So with all the loading and unloading we were delightfully tired, but it didn’t end for Tom and his boys, they all were going up to the cabin at Donner Lake to take the furniture and to check on the Cabin for needed repairs. So after a late lunch off they went while Juanita and I dusted and polished our hard won prizes.
But poor little Princess was feeling a bit neglected so I moved her little bed into the spare bedroom while I polished and cleaned everything to my satisfaction and she had the fun of trying to curl up in my lap as I sat on the floor cleaning every single bit of carving on the furniture. She even fell asleep. Juanita came in and laughed at the fact that I dared not move with my little darling sleeping in my lap, but move I must much to the little darlings’ complaints.
Juanita was very proud of her finds and they fitted into her room just perfectly.
Just when we took a break to have a bit of coffee the door bell rang and it was my sweet darling Kenneth, asking if he could treat me to dinner and an auction preview and I said only if I could go casual.
Then I took a look at Kenneth’s shirt and it was the exact type that Charlie Sheen wears on “Two and a Half Men” (well I do like the humor in that show), so with my (dare I say it) jeans, flannel shirt, tennis shoes and my hair it a cherry print scarf, and his Dockers and Charlie Sheen bowling shirt if that is not casual, then we don’t know what is, so off we went. But I had to sneak Princess with me; she had been neglected enough for one day.
Juanita was fine as her daughter called and she and Manuel were coming to pick her up to go to a relatives house for dinner, so freshening up my face, bundling Princess in her carryall off we went and had fun at the auction preview and made plans to come back the next day for the auction itself.
All in all it was a wonderful weekend, Tom and his family arrived at their cabin just fine without any problems and would be staying there for the week I had asked my friend ‘Mean Kitty’ if she had wanted to go with us to the White Elephant Sale but she had to work that day and hoped she would be lucky on Sunday.
I got lucky at the Auction as well and was able to purchase some jewelry at below their value. And here is where there is another lesson for all you Darling Diva’s.
Jewelry is also a good investment, no matter what, the value of gold and silver is always going up, so are gems, there is only a finite amount to go around, the only one that can be manufactured is pearls and to a certain extent coral, but if the seas or waters are not the right temperature then even pearls will not be available.
There are two prices to look at in terms of jewelry, their cash value (that is the amount of gold or other precious metals or gems) and their design value (that is the design if it is unique and by a well know company or designer) the second can be more valuable than the first.
I have a friend of mine and she will buy what she calls “casual jewelry” at Mervyns or T.J. Max, and sometimes at Macy’s on sale---what she does is takes photo’s of the pieces, puts them in a catalogue binder, tapes the purchase price and what was the original price next to each picture of each piece, this way when she plans to sell them she’ll know what to ask for it. And she has always made a profit.
But this is also true with your good pieces as well, always keep the receipt for the purchase price on file, and then after 5 years get an updated appraisal on it as well.
And all you Diva’s out there who get engaged, remember this---there are several rules about the engagement ring, one of which is traditional, if you break off the engagement you are suppose to give the engagement ring back, if he breaks off the engagement you can keep the ring because it is also a gift or promise to be married.
The only time I would absolutely give the ring back even if it is he who breaks the engagement off, is if the ring is a family heirloom from his family, even if you are the one who breaks the engagement off and the ring is a family heirloom return it, since it would not have any sentimental value to you, by giving the ring back (since it’s an heirloom) you would be looked upon as being an honorable person. If you keep it then be prepared to be sued in court for the ring or its value. A true Diva does not wish to have the head ache of going to court. But always find out first if the ring is an heirloom or if he bought it.
Now there is a gray area here, if he bought the ring and you break off the engagement, then you should give the ring back, but sometimes the ring is kept by the ex-future bride, in that case one of two things will happen either the ex-groom will demand the ring back and even go to court (so be prepared to be sued) or he will walk away and forget the whole thing, the latter rarely happens so it would be best then to give the ring back when you break the engagement, but anything else he gave you (and make sure even in writing) that these are gifts, so you may keep them---if he includes a card or something that indicates it was a period of gift giving, write on the card the date and what he gave you, this will be at least limited proof of his gift giving. Whether this will hold up in court will be up to the judge, but by having the gift cards with the dates it could help your defense. If he asks any questions just say you’re sentimental and also for insurance purposes.
If you do go ahead and get married and then eventually divorced, the rules are this, if he bought the rings you keep them. If they are family heirlooms give them back, it is so much simpler that way---but any jewelry that he buys you or you buy your self---that is yours, only family heirloom jewelry that is from his family should go back. Unless it is stipulated that it is to go to your daughters, in this case it would be best to be magnanimous and speak to your mother-in-law in regards to the heirloom jewelry without interference from your soon to be ex-husband and let her know that you wish to know her feelings on that matter. She will look upon you in a different and positive light, even if her feelings towards you maybe hostile and she acts like a witch, she cannot deny that in regards to the matter of the family jewelry you were honest.
But if you are single and having fun and your man of the hour gives you “bling”, then be calm and collect it, and make sure that the gift card lists the date and the item he gave you and then lock it up in a bank safe deposit box where he can’t get his hands on it.
Just on the news last night, I heard about gold going over $1,000, of course weakening the dollar, but I knew that was coming, since I follow the business and stock news. That is why I have been looking at stocks with growth potential that can weather this unsettling economic situation so remember even jewelry is going go to up in price , don’t waste you money on something that is 10k unless you regard it as just above costume jewelry, make sure it is at least 14k or 18k.
And also about all those little doggies that were going to the Marin animal shelter being rescued from an elderly couple that had over 800 dogs in their home!!! Well I wrote out a check as a donation to help out with the feed and care of those poor things.
Now before anyone thinks that I think more of animals than of people, I do think of people, there is this one charity that I donate regularly that supplies wheelchairs to needy disabled people, I also donate to a women’s shelter and several others that help women in need and children. Women, Children and pets are the one’s that have no voice in this world.
Of course some of you are going to say to me, “but you don’t have children” I have nieces and nephews so I know how it’s like for a child, I am a woman so I know how it’s like for a woman. And yes I do eat meat and I do wear fur, but those are from animals that are specifically bred for that, but even then I do believe that when an animal is made for human consumption it should be done humanely. And I will make no further excuses. Diva’s never make excuses Diva’s just do it.
Well Darlings, it is now Friday and I have plans for this weekend, so Until Anon, Kisses Darlings.
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