one more time, black swan, and in perfect sync chorus ...
we are simple progression of fiat money inflation iteration that, by popular demand, as in all times past, will end in complete bust and utter despair.
i save surplus savings in gold and hoard excess capital in platinum, and keep otherwise conservatively spared funds in solidly mineralized form, for days of flood and nights of deluge, per guard against biblical actions and in alignment with imperative for noah's ark counter actions.
i then reinforce my surplus this and excess that with absolutely cheap (currently defined as less than hkd 3,000/sft and generally less than hkd 1,800/sft and yielding 4+%, in a pervasive environment of hkd 10,000-20,000/sft and <2% yield and 1.5% mortgage and 0% interest on deposit) hk rental real estate in path of hk redevelopment action.
and
i top up the above layers of cushion with core + opportunistic share positions, plus satisfy the need for speed with short naked puts whenn premiums are high and shares are low, and short covered calls when shares are high. and i like dividends. i generally weigh these savings at between 10-20% and am now at 12%, including tbt and srs. the core position now is comprised of vermilion oil/gas trust, petrobank oils and and related tech, and gdx gold miner etf.
i am generally at 50% in instantly accessible cash and near-cash of a spread of currencies but at the moment am at about 30%, with the difference stacked in paper gold.
the daily gyrations tend to bother me not at all except to amuse, and no, i do not believe the world will collapse, but can afford to be wrong;
on the other hand, i think the bumps ahead (w/i 5-15 years) are of serious enough dimension that a lot can be shaken loose; i am not dogmatic about apocalypse, but it could happen because it can be explained, and history says it happens with some regularity per luck of the draw, and whenever it did, the mostest are invariably caught too long or too short, as one should expect.
let us hold hands and sway :0)
amen,
tj |
