If you lived during the USA gold rush era, would you have sold the shovel or digged for gold?

Question

Sorry, but only one choice is allow.

This is not a trick question. Its purpose is to tell what kind of business person are you.

If your answer was to sell shovels to many people, it means you are practical, patient, and prefer to grow your business slowly. You prefer taking smaller leaps to gain success. You see the trees before the forest. Therefore, security is very important to you. And you would have made a ton of money. This makes you the wiser one.

If your answer was to dig for gold, you are a dreamer, adventurer, and prefer the get-rich-quick approach to making money. Its either win all or lose all. You rather take large leaps to excel your business quickly, which means taking risks. You lack patience and you see the forest before the trees. If you strike it rich, only then will you be the wiser one.

Any and all comments are welcomed.

Answer 1

I don't like your choices, I would open a general store and bar in the gold fields, that way other people dig the gold and give it to me.

Answer 2

I do not know the names of any of the 49ers who dug for gold (except for Sutter the one who started it all and I don't know how he did). The name of one of the "shovel sellers" is on the back of my pants - Mr. Levi Strauss. And he did not have to live in a tent in the middle of nowhere, his store was in San Francisco. Also, lifting up an empty shovel (to sell) is a lot less backbreaking than lifting up a shovel full of gravel (99% of the time, worth zilch).
PS: 7 to 10 years ago, I ignored the "earnings don't matter, this time its different" tech stocks and kept my investments in dividend paying (very strong) utilities, Blue Chips etc. Now, when I bring yet another dividend check to the bank, and I see the NASDAQ is still less than 1/2 of what it was back then, I am glad I invested the slow and sure way.

Answer 3

I would not have had anything to do with the gold. Too many people got hurt and killed over gold and it was not worth it!

I would have lived off my farm. I would have grown my own food. Slaughtered my own cattle,pigs and chickens. And I would have been just fine without gold in my life! My people know how to farm, we know nothing about gold or being rich!

Cheers

Answer 4

i would have dug gold just like anybody else since this is a rush who gets there first gets it.what do you call patience with the shortened life span we have , theres no luxury in waiting , more so here in africa.i have been patient but do you know ,that as iwait for my busines to grow more people come in with more funds than me, my earnings shrink, but my families appetite for money keeps on growing.where is the gold field????

Answer 5

I would have sold the shovels.