2. You apparently don't like metals as an investment. Fine. Don't buy them.
I won't, every time chen posts to me to do so though, you need to accept that I am going to post back superior investments to his shiny metals long term buy and hold strategy if I can find them - which I believe I have done several times now.
3. My experience has been that they work for me.
Wonderful, my experience has been that candlestick buy/sell algorithms and oil and energy plays work for me, as the links posted show they work better than chens buy and hold strategy.
In the last run up I made medium to high five figures over just a few years (pretty good back then), basically approximately tripling my investment. That was pretty good. I wouldn't mind that again.
Chen says he made 20% a year, how is that better than 300% a year? Using the candlestick buy/sell algorithm and precious metals 100 dollars turned into 350 dollars in 2 years, using other sectors 100 dollars turned into 1000 dollars in 2 years, you beat this? Yes or no?
4. My experience with government indicates virtually anything can happen. The latest on the Canadian energy trusts is a good example.
I am glad you brought that up - It is a perfect example and continues to prove me right, last year I kept telling chen and elroy jetson and others to look at the little guy with the gold rock battling the tank, the tank wins. We live in controlled structured socieities, and there is only so much you can do WITHIN them - if the gubbment wants to take all your wealth away - they usually have the big tanks and guns to do so while you are throwing a little shiny lump of metal at them. Elroy said shades you do not understand, chen said shades you do not GET IT, you buy gold so that you can FLEE the corrupt society, but I live in florida, PARADISE baby, and if the world gets so fucked up I have to pay a guy to FLEE with gold coins from clearwater florida, I believe it will be over everywhere and martial law will be a global problem.
When government gets in a bind usually created by itself, metals can be a good conservative move. They have intrinsic value which ink printed on paper
They have no intrinsic value to me, I can eat an orange and my cells will be nourished and I will live another day, not true of gold, without the meme being propagted on people how VALUABLE gold is, it loses all its value. Seashells and indian beads have done the same thing as gold in history, look it up - I kid you not.
-- a government non-obligation (no mater how elaborate) does not.
I am feasting on my mcdonalds 1 dollar egg mcmuffin right now with some good florida orange juice, it is also not a government obligation - it has a muffin, an egg, some bacon, some ketchup, makes me feel lots better than putting a lump of heavy metal in my mouth.
5. History backs me up on #4. Read it. Particularly the French and German inflations. Argentina is a more recent example, tho I know less about it.
Elroy told me granny was able to flee russia and come to the USA because she had GOLD, my own father witnessed "charlies" flee vietnam with gold - hehe. But like I keep telling elroy and friends, I am ALREADY IN the promised land, where am I supposed to FLEE TOO when the florida national guard starts shooting mogambo guru? They don't give me good answers, I think Chen might have said Canada last year, but as you point out, they have a gubbment too that can just come CHANGE THE RULES gold or no gold and make you poorer eh? hehe
Who wins this battle - jay chen and that lump of gold he is throwing at the canadian tank - or dudley dooright and the canadian tank he is in?
7. Metals are good protection, so is oil in the ground, so are good dividend paying oil stocks (know any??? I am looking, no Canadian royalties, please).
I have held vanguard energy and XOM for a long long time, I watched this movie MAD MAX the road warrior about these mates in australia that liked black gold, made sense to me.
8. The problem exists. You may not recognize it, or may have other solutions (tho I have not seen them). Meantime IMHO bad form to belittle those who are attempting to deal with the problem, and for the most part with good results.
I like General Chen, I am not belittling him, he is the one telling me over and over I DO NOT GET IT. He keeps showing me 20% returns and I show him 300% returns and then get told I do not get it or that I am belittling him, I will ask you again, I posted the link to the candlestick computer buy/sell algorithm with various sectors over the past 2 years, did you beat its performance? I am not belittling you, it is a yes or no question. Chen wants me to say I am wrong and the 300% returns were not superior to 20% returns, who is being silly? Be honest now. |
