Hello Pezz, Today's Report: Today just got started, is a Friday, not a whole lot to do, and so I will not pretend by doing make-believe work.
I look forward to lunch with friend, then immediately going home to play with the Coconut. Perhaps I will first engage in some on-line killing, as the Coconut is likely to be still napping when I arrive. After walkies with the Coconut on the beach and meeting her little friends, I will dig in to early dinner with the extended family.
After digestion, I figure on retiring to a soak in the Jacuzzi tub, as it is Winter, then perhaps some more play with the Coconut, followed by a good read, "Digital Fortress" by Dan Brown.
Checking on my <<Gold ..Shmold>> log, I note that I started aggregating savings in terms of physical Platinum (Pt) and gold (Au) bullion back in 1993, initially at a slow pace, by necessity, and picking up tempo in 1998, and in earnest, 2000, with urgency.
2.97% of all my physical Au and 93% of my Pt was vaulted before the end of 1998 (HK banks stopped selling Pt at some point during 2001). I was always more keen on Pt than Au.
The average "duration" of my physical hoard is probably 3.5-4 years.
Amazingly enough, about 20% of the bullion I have vaulted to this day, by value, is still Pt. Apparently I really liked Pt back then, but also my adulation for Au had found outlet in tradable certificate form, and paper Au at various times accounted for positions at least as large as physical Au.
The average cost of my Pt is USD 432.
The average cost of my Au is USD 333.
I will not decorate the score via lowering the average costs by claiming the profits made from trading paper Au, and put/call operations on NEM, and HMY.
So, on average, say 4 years duration, Au is up 50%, and Pt is up 131%. The entire aggregate hoard is up 61%, or 12.64% per annum. I am guessing that by counting paper gold and option profit, the annual returns would be around 20%.
Had the sums not been vaulted away just so, and given that the sums were correctly determined to be "excess savings", then the sums could easily have been lost by one schema or another avenue.
<<Chocolate>> allcation would not have done as well, and would be a big mess in the vault.
Chugs, J |
