>>>It just astounds me that Black Americans still continue to buy diamonds and gold and brag about it in videos. >>>

Well diamonds and gold are hard currancy anywhere on the planet. I'd like to see us as a community buying more for investment purposes rather then just to show off to the world.


My Brother,

With the greatest respect, I must take exception to your above statement. Gold and diamonds are hard currency, tis true. But so are Rubies, Silver, Platinum, Iridium, and a host of other commodities. It (possessing hard currency) only matter; or matters the most in times of war and economic upheaval. And worst of all these hard currency alternatives are strictly INDIVIDUAL modalities in such times. Taking this scenario even further such hard currencies are also easiest to be confiscated by "authorities" (ask any Jew in the Death Camps, "where are you diamonds?") or looted by brigands.

The second premiss you offered; that we should buy them for investment purposes, fails to recognize that the market price of both diamonds and gold are artificially inflated by the cartels that regulate the flow. Most of us outside the trade are unaware of the vast stockpiles of diamonds held by the Dutch, South Africans, and Russians. Add to this the vast new discoveries of diamonds in Canada. Were it not for the cartel's artifically maintained price structure diamonds would be worth appx. as much as quartz. The reality of "hedge" investing is that you must only invest in commodities that are not controlled by potential competitors and/or market manipulators.

If we were to determine that we should invest as a community; our best investment strategy (facing the dire future of global warming) would be to purchase land. More specifically land that is strategically located in a position to control a fresh water aquifer. That is why GW Bush and his family have purchased over 100,000 acres of land in Paraguay. Toward the middle to end of this century; we will discover that the control of water is even more important than that of petroleum. This type of investment is not "sexy" and does not offer a rapid cash out or geometric increase in valuation. But for a community it is advisable, since it is stable and secure. Also strategic investment in land will allow for the development of communities that are sustainable during social upheavals. If all of the Blacks born during the "Baby Boom" who are facing retirement now were to cash out the equity in homes they have bought in major cities, add to that investment pool their accumulated savings and that of their "Echo Boom" generation children, we could purchase vast tract of airable land now that will be the basis of our salvation in the dire future.

This was the paradigm operated by the followers of Guru Bhagwan Shree Rajneesh, in the 1980s. It was very successful. At this time due to the fiscal policies enacted in the Reagan Age, there are 1000s of small to medium sized communities available for purchase. If we adopt a regional strategy based on lands in the Ohio Valley and Northern Tennesse Valley we can organize a cluster of communities that would be able at their inception to house 3 - 5 million of us. The initial injection of community building finances would supply an economic impetus that could be then used to create sustainable small industry as well as self-sufficiency in food production; thus providing employment for the residents.

These areas that I describe have great intrinsic value and underlying resources. They are in their current economic plight due to the short-sightedness of the local gentry. Much like Spain in the 18th & 19th centuries (as well as the early 20th), these locally wealthy individuals were complacent and viewed their positions within their communities as more important than the survival and ongoing viablilty of the economic infrastructure. We can take advantage of their lack of vision, NOW and provide a much better future for our progeny than simply investing in hard currency and other forms of highly portable wealth.