I do trade around a bit, and took profits on my VIX puts today
(hit it and quit it strategy),
but the vast majority of my stuff is in physical PMs and paper PM
shares, at a ratio of 70/30. All physical, and much of my PM
shares are taken OFF the brokerage account. While I hope there
will be no freezes, caution is good, and some accounts did get
frozen, I hear. I don't want to have to deal with the failure of
the brokerage/bank either. I did get roughed up quite a bit
lately, not so much on physical than on shares, but... I just
rotated into shares into the dump to lift the ratio from
90/10 to 70/30, swapping physical for paper gold and silver,
since shares got way too cheap relative to physical.
The dump in precious metals might happen some more, I don't know,
but I think they will recover eventually and go to new highs.
The horizon is long term, about 5 years.
Call me a gold bug. I AM a gold bug for now, and I don't like
the treasuries. Precious metals are in a secular bull market,
and I am riding it all the way -g- |
