Thus spake dickr2 :
Okay, I was on the BOD of a 501(c)3 for 10+ years.
In general charity auctions aren't tax deductible. Now my donation to
the auction is deductible, up to the lesser of the appraised value or
the sale price.
I think the IRS treats half million dollar auctions a little
NoOp wrote in
Rich people are putting their money into things like art, cars, gold
because they no longer trust the instruments put out by the government or
and as long as the entire system does not collapse and fail to come
back, such purchases will still hold value.
HOWEVER, while many invest in gold, diamonds, etc, I firmly believe
that it is far wiser to invest in lead. I have invested in lead for a
number of years. Lead in .45 cal, .22 cal, .38 & .357 cal, 30-06 cal,
.223 caliber, etc. Hoarding gold, art, etc, doesn't do you much good
when someone with a lead investment can come along and take it all
away from you. :0)
Thus spake D E Willson :
For around $30K you can buy a BFN (new block, heads, etc) full up,
ready to distroy your drive train Boss 429. They are also capable of
building you a BFN Cammer. For a slight additional fee.