okrious, <<buy gold?>>
... looking back, for myself, that prescription, for that portion of the allocation in gold, has worked out over the past 6 years, enabling escape from I.Net explosion reasonably well positioned (sold i.net early, bought gold shares, together with exotic currencies, in the main)
so, we are supposed to ride with our winning ideas, and so i had been fairly consistently adding gold, the physical, and trading paper.
G=gold
D=dollar
EE=Everything Else
u=up
d=down
GuDd or GuDu, tagged by EEd or EEu ... Gu is the magic master key, Dd / Du / EEd / EEu have simply been details.
We all traded energy and real estate, most likely for the same reasons we bought gold, but in the main, when those other things trip up, gold will be OK, relatively, because all gold is is money that can not be faked ... it is a true cash position. Writing put options on gold bullion, as the retail banks ncb.com.hk in HK allow, is the equivalent of interest.
writing puts on gold shares is riskier, of course, but the 'interest' payment is also larger.
Call me traditional :0)
chugs, j |
