I submitted my text to Create Space for review and got back some warnings about low-resolution images in the book.
After going through it again, I realized that I also had some colour graphs in a book which is supposed to be black and white. So I fixed those issues as well.
I went through things again and made a few slight changes.
Here's what I really want to talk about; today I had a totally serendipitous conversation with a building contractor. I met him at his office and while I was there, a courier came to deliver a package.
He opened it in front of me and showed me a 2.5ct teardrop diamond. He also showed me the appraisal certificate saying it was worth over $65,000. I told him about the book project and how I had just written the section on collectibles in the asset class portion of the book.
I asked him how and why get got into gemstones and his answer could have been quoted from the book. "As a contractor, people are always looking for personal guarantees on contracts for buildings and financing. They're always trying to assess my property and see what I own that could stand as collateral. Nobody I do business knows about these gems and if anything were ever to go wrong, I can move on with substantial wealth in my pocket."
He then went on to recount the first time he had purchased a stone, it was a ruby worth only $3,000. He trades them in and buys and sells them, he uses three different dealers.
He invests a lot of time expanding his knowledge of this particular type of collectible investment.
I'm hoping the book will help many readers realize the pros and cons of developing a truly diversified portfolio of assets.
I just sent the book off again for a final review by Aaron. Let's see how much he highlights for review...