>>I remember you ceased to have an opinion on the market starting about 18 months ago<<
Hi Jay - on this I am sure you are wrong, and wish you would either throw down (prove it) or quit saying it.
My recollection is that I never have expressed an opinion about the direction about the stock market. I cashed out in 1999, too early, but not too late, and allocated my assets elsewhere (real estate, paying down debts, and money market). Haven't invested a penny in the stock market since summer of 1999, and if pressed, I can prove it.
I bought some gold in 1999, and sold it several months later, and did not like the entire process of being buzzed into a gold emporium bearing a cashier's check, and walking out bearing heavy gold coins, and repeating the process in reverse, complicated by the fact that the buyer delayed unconscionably on making good the check, due to circumstances beyond his control (hurricane, loss of power). Too much trust involved, not enough regulation. Made me nervous having the damned coins in the house, too. And costs a bloody fortune to store in a bank vault, plus what's the point? If the world goes to hell in a hurry, you can't access your bank vault.
In the meantime, the prudent thing to do is insure the physical gold, which is also expensive and sort of negates the point.
My kids are not mature enough to be trusted to keep their mouths shut, either.
So better to be shed of it. |
