an interesting comment was made on friday.
about our market in nominal terms and etc.
sometimes you have a dead brain spot, and you say, hmmm nominal, and say what????
and usually it is a no matter problem.
so what.
but this time it bothered me so today, i got it.
spx could go up in "nominal" terms, but in gold terms fall like a rock. which means, gold or multiples thereof, go up x more than the market.
well that's fine. and that's very understandable. and i get that. now.
however, what happens when you cash out of gold into the nominal value... in this case dollars. if it is only for an hour or a day, probably no harm done. but if it is longer, than, that nominal is going to eat your fucking lunch.
i.e. no one sold the zimbabwe stocks for the very same reason.
if you exit your above nominal values........... you better have a good place to put it, or you still lose it all, no matter what.
you can be happy, hilariously happy, and all of a sudden, hilariously sad by making such an error.
we're not trading anything anymore.
i suppose that makes it all the easier. |
