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Have you been a mobile phone developer and a mine operator? The only people I see who do that are small cap, unsuccessful ASX listed companies that try to chase the trend of the day. Hardly wealthy in my books.

That's rubbish. Do you think hotel operators go do mining businesses just because tourism is dying? Wealthy people own assets in many PASSIVE asset classes such as real estate, shares, derivatives etc. But they don't go from being developers to say mobile phone manufacturers.

Why you so angry? He's not belittling $80k. He's just saying it's not big money, which I agree. Gee we can't be too politically correct in this country can we? If you thought $80k was big money then you must have much big money, since in a few years I'm sure you've earned more than $80k

In turbulent times, what you want is political power and an army. Worst comes to worst at least I can blow you up first. And that's not a silly concept. History has repeatedly demonstrated this to be true.

No that's also wrong. Your 'physical assets' (and I put this in inverted commas for a reason) is actually just a piece of paper which leads you and others to believe you 'own' the asset. In a collapse of social order, all other would need to do is take a sledgehammer out and bang your head...

The other day Lee Shau Kee was on TV saying he only buys properties when they fall. That's how he made his first fortune, then his second, then his third. Who's Lee? Oh just someone around 5x richer than Packer. Promised to give citizens $1bn if the index hits 40000 points before he dies...