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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 408.24+2.3%4:00 PM EST
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To: 8bits who wrote (5077)3/28/2006 8:06:10 AM
From: TobagoJack  Read Replies (2) of 218650
 
<<So does this mean you have stopped buying gold..?>>

No. In fact I have been adding to both paper gold, as well as junior gold shares recently (within the past three weeks per SI posts here), and have added some certificate silver today.

I had also added physical gold during January as a part of annual saving program.

I feel I am quite conservatively situated at around 10% physical platinum/gold/silver + gold/silver certificates, plus 1/10 as much in silver shares and 1/20 as much in junior gold shares - all in 11.5+% allocation.

I intend to institute massive buy the minute the monetary deluge cost (Fed rate) stops going up.

It is a safe bet, given hyperinflation is the only way out.

I do not treat gold as I would iron or copper, for gold is useless.

As far as I am concerned, THEY can make silver useless as well, for it would be useful as a hoarding and speculation chip ... well, via the ETF, THEY are doing just that.

Imagine ... if two brothers and some friends can squeeze the silver market to kingdom come, what can two ETFs and a few Asian banks offering silver-backed certificate of deposit do :0)

Surely the wager is safer than .... say QCOM?

Chugs, J
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