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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.98+1.3%4:00 PM EST

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To: pezz who wrote (39586)9/8/2008 3:41:18 AM
From: TobagoJack  Read Replies (1) of 218068
 
hello pezz, today's report:

3:40pm-ish; been up and working since 4:30am, my usual waking hour, after nodding off @ 9:30-10:00pm each night. no complaint, for we must work when we can.

was able to and did exchange a lot of paper claim on hk monetary exchange for much physical panda gold bullion @ hk$ 6610/oz, a price about the same as my start of year exchange for 2008 mineralization quota - the us$ 32/oz premium is say 2x the usual, and this is of course accounted for by the volatility of gold per black & scholes option pricing reckoning.

in any case, i am happy, having mineralized another year's (2009) quota of mineralization of excess savings and metalization of surplus capital, thus saving same from officialdom depravity and ruling wastrelism; iow, what is mine is now indisputably mine, chilling in vaulted and air-conditioned comfort, hopefully forever waiting for the call of duty that never calls.

the monetary value of the new add will be kept off of balance sheet, on a/c for the coconut, per my central banking rules, so that i would not feel hesitation when shifting control of this particular tranche of goodness to the coconut, assuming she will be worthy and pass the test i have yet to devise.

i trust off-balance sheet asset as much as i fear off-balance sheet liabilities.

chugs, tj
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