Hi Maurice, <<you are holding a very big currency bet [spread over several currencies with USD the big part]while maintaining that gold is going to be great. Isn't that inconsistent?>>
I believe I am consistent, in that physical gold is simply another flavor of cash, or contra-cash, earning zerodot zip interest rate. It will hopefully hold some purchasing value relative to things desireable, eventually desireable or necessary, and relative to modern cash.
Message 16163813
“Yes, but in a meandering market underpinned by FED and pressed down by gravity, how many folks actually can show a NAV increase in the past 12 months? I can, and I have bought nothing except gold, gold shares, cash of various flavors, held my allocation between bonds, shares, real estate basically steady, and sold gold share puts.
The nature of the music dictates the style of dance. The music played now is typical of a Hitchcock movie, right before the J6P enters the dark basement, holding a candle of flickering hope. I am not waiting around for the sudden crensendo.”
<< Do you have a bail-out price for gold? $350? $400? $1000? Wait and see how the tsunami is surging before deciding?>>
No I do not. I am Greepsputin’s worst nightmare, industriously, relentlessly, and consistently accumulating physical gold and/or platinum as a fixed percentage of NAV, hopefully never in a bind to necessitate a sale, and always happy to buy more at ever cheaper prices. The mining shares are for sale, as you say, after seeing how the tsunami is surging.
Chugs, Jay
P.S. We are having a good time so far in San Francisco, visiting friends and family. One neat new experience is the navigation system that came with the rental car. The Volvo S-80 comes with a never-before-experienced-by-me gizzmo that tells me by voice when to turn in which direction to get to where I want to go, as "left turn in 0.4 miles", "highway exit on leftside in 2 miles", etc. |
