platinum story, heat and campaigns
chronicle of my platinum trades, starting circa 2000, to this day, more or less
Message 13153433 (circa 2000 03 10)
If 9984 [edit: Softbank] is empty, that says even less for CMGI, Yahoo, ...... and the conclusion of this line of reasoning is then intuitively obvious to the most casual of passing observers. If true, that does not spell the warm and cozy for the whole i.net festival and says even less about the debt laden economy going forward. In which case, after due consideration, deliberation and in the fullness of time, my NEM shares and PLATINUM coins will blossom into 9984 proportioned holdings. So, as I had indicated, should 9984 go to 50k, the folks on this board wins, as long as no margin debt.
I do not want to argue beliefs with The Street.com and that so very talkative man who is always on TV (especially since he did not buy 9984 at Yen 8k), because if I am right, I do not have to and if I am wrong, I can not afford to. NEM and 9984, one of them is wrong, not likely both.
Message 13772863 (circa 2000 05 24)
My bag of PLATINUM coins is worth so much more in MSFT and RTRSY shares. No, the bag's content will not face a liquidity event as it is highly comforting, fondle-able and for real catastrophic calamities ala 1929 style (yes Malcolm, we out here still have to watch for them unexpected land mines as HK's low tax also means everyone is truly on their own with no government handouts).
Message 14000098 (circa 2000 07 06)
One doesn't actually buy gold and PLATINUM, but one exchanges cash for them as they are "near-cash".
Once again, I say gold and PLATINUM (not diamond, for the market is ultimately artificial and GE can manufacture it), lots of it, in flight bags, stored in deep vaults, kept company by flight tickets to some islands with grass airstrips, inexpensive huts, good food and friendly people.
Neither the US nor the Chinese governments are selling gold as everyonelse is selling down reserves builtup in generations. Some body is wrong on this one.
Message 14005376 (circa 2000 07 06)
Concur on the PLATINUM. Had been selling puts on NEM and SWC. Had also sold some covered calls on some % of NEM holdings (strike 40), as I do not actually believe collapse is imminent. Safe deposit is stuffed with Aussie PLATINUM coins collected in the past 10 years. These are not meant as an investment at all. Simply an anchor for the boat. Thinking of it as a mini-precious metal backed country named Jay. Yup, we overseas Chinese are nuts, believing in nothing official and trusting no one we can not lay our hands on.
Message 14153663 (circa 2000 08 02)
Furukawa Electric moves up massively once again, now at 3400 (first talked about on this thread at 1680), and so does PLATINUM (have SWC puts shorted a week and half ago at January strike $25 for $3.75/share in premium). Closed out on my Philip Morris and Conseco Puts, leaving the underlying shares and the covered calls in place for January expiration.
We are running out of safe names to speculate on.
Message 14319022 (circa 2000 09 01)
It also looks likely that my Stillwater Resources January put shorts, strike price $25 (SWC, largest PLATINUM mine in North America) will not likely be exercised against.
But I will be taking in another tranche of Newmont Mining in September at $25 while the market price is now $18.5, via short Puts exercised against me, but as I had collected $4/share in put premium when I shorted, I have no complaints. I now have a bunch of NEM January puts w/ $15 strike shorted, and thus the premium will cover the paper loss on the September puts.
I treat NEM and SWC as my petty cash box each three months, rolling forward.
Message 14883919 (circa 2000 11 26)
I want to emphasize that I am not a gold bug, as I am not a Softbank, or CSCO or MSFT bug.
However, I have been selling puts on NEM and SWC for nearly 2 years now, as each stock nears the low of its then very well defined lower range ($18, $25 respectively). I now have NEM strike price 12.5 puts and SWC stk price 25 puts shorted. For every 3-4 series of puts I sell, I got put the shares once. I sell covered calls on NEM as it reaches for its higher range. My thus accumulated NEM and SWC has a low average price.
I do not believe gold will go up anytime soon, as the Europeans, against the better instincts of central banks elsewhere, insists on selling what had been accumulated by their ancestors and spend the proceeds on free drugs and free condoms. But, when Au does breakout, it will be front page news, in bold and shadow font, triple underlined; at that moment, no other assets will be valued at anywhere near their highs. Thus is the value of insurance.
I have some gold coins minted a thousand some years ago, and I leave some on desktop to remind me what to bring along when if I need to step into a time machine. I like physical PLATINUM better for hoarding purpose, in the form of Australian Koala coins. The metal is rarer than gold, and unlike gold, has a genuine and massive industrial use, as catalysts and as purifier (glass making), as well as being more popular each year for jewelry use, especially as gold price goes down relative to PLATINUM. Of course, its brilliant shine is almost as wonderful as gold, and its density complements the high fondle value. Should fuel cells ever replace the gasoline engine, I will then start to cash in the insurance policy, as more PLATINUM is required for the cells than for the catalyst in the tail pipe of dino burners.
So far I have only accumulated SWC shares as it is protected by many aircraft carriers and Patriot missils. I missed out on Impala and AngloAmerican PLATINUM in S.Africa. The PLATINUM price may soften, or S.Africa may explode, and so these are on my watch list of about fifty shares.
On deflation, and we have had some in the neighborhood, down the road, across the street and ofcourse in China/Japan/SEAsia, most commodity prices go down. Real estate and stocks go down, but gold stayed even in local currency terms, allowing relative value to be picked up from the neighbors at the newly deflated prices. Sometimes wealth is absolute, at other times relative; ask Gate of MSFT, Son of SFTBF, and Larry of ORCL. I believe gold, physical and shares, should mostly be counter cyclical in the coming difficulty period. Deflation, should it happen in the US broadly, is uncharted for me, and so I keep my Roman gold coins handy on my desktop.
…
…
…
ad infinitum ad nauseam again and once more, over and over twice again
squeezing in a zimplat mania just so Message 17662653 (circa 2002 06 27)
and exiting just so Message 19255908 (circa 2003 08 29)
year after year, night after night
…
…
Message 24256329 (circa 2008 01 28)
(iii) while at the bank, i once again asked them whether they have rsumed selling PLATINUM, and no, but confirmed that they still buy back the stuff. the metals window asked me whether i would like to sell back to them the stuff that which i had accumulated from them at average price of 404. the bank offered 1,645. the offer price, relative to spot, is very good, and the discount is tiny compared to norm.
i responded that while their offer price is very good, better than normal, but not yet good enough, and in any case i wish to keep what the bank will not sell.
i had originally hoarded PLATINUM because it was cheaper than gold, and because i wanted to set aside some off-balance sheet asset so as to gradually fund something fun. now the hoard is able to buy 2.5 of whatever i originally intended, and so its genuine purchasing has mathematically increased in a measurable way, as mathe tends to allow.
but, alas, i no longer want to exchange the hoard for the fun, at least not now, not right away, and so the hoard remains off-market, even as s.african mines shut down due to lack of power, in part because china is gobbling down the same s.african power to fuel its reversion to the mean.
come to think of it, china is also importing high water mark record amount of what i had once intended to trade the hoard for - just not as much as china gobbles PLATINUM.
it is a race, PLATINUM vs fun, which will rise the fastest, so that cb ilaine's automotive tail pipe gets progressively more expensive, all in favor of my loot.
Message 24359514 (circa 2008 03 01)
I was worried about rising inflation, especially of the sort that is due to everything against HKD, as Euro rises, Pound not get pounded, and the Fed promising more where all the illness is coming from;
I was also getting concerned about my Coconut's fascination with all things to do with cars, especially of the flashier sort, preferably convertible, … she might get too fascinated with boys who drive flashy cars by the time she reaches age of majority;
I had always liked a movie, the Italian Job, made some time ago way back when I was impressionable, and then remade not so long ago, when I started to feel nostalgic – it was a good looting movie, done with flair and fun;
I was mulling over the now well embedded gains on my PLATINUM hoard, and how I deserve a bit of biblical reward for having practiced patience, thrift, and all measures that are good; so
I called the reputable 2nd hand dealer in town, and it so happens that they have a 2005 convertible mini cooper that my daughter also likes, in the colour she prefers, namely blue, and with just 10k kilometer (folks simply do not drive that much in hong kong), and
Unable to resist, for resistance is futile, and given that the beauty, ding-less, spotless, and in perfect mechanical, electrical, and atmospheric condition, is at 50% of a new car price, just so few PLATINUM coins, long ago bought after a guilty night’s outing, as penance.
I bought it, in time for Spring. I meant to use the car during this time of inflation-deflation. The time to buy cars to put on blocks is still aways yet.
The salesman delivered the car for inspection, interrupting my Saturday reflexology session for so many minutes to execute a test drive, sign name for registration and insurance documentation, charge down payment to credit card, service charge free, to capture the mileage points.
The mini will be formally delivered Monday night, fully registered, serviced (already taut as a bullet), and insured. Hong Kong is the ultimate service economy.
The gold coins will one day do what PLATINUM coins has done this day. There are so much goodness to look forward to.
Message 24380044 (circa 2008 03 07 waypoint re-valibration)
I am at:
• 52% high cash comprised of Au / Pt (@ 15.5 out of 52), US T-bills/ HKD (@ 27.5 out of 52), and a leftover 9% sprinkled across CAD, CHF, YEN, SGD, and THB;
• 14% wagers, in order of relative weight, for energy (oil, natural gas, uranium, and coal), agricultural commodities, Japanese REITs, gold, PLATINUM, palladium, and miscellaneous shares, including the above mentioned serfs;
• 6% bets against Empire’s financials, real estate, and Russell2000; the Middle Kingdom China; Soon-to-be-out Mexico; and just-in-case, oil / gas and strangely, gold; and
• 28% investment in rental real estate.
At some point I expect to go heavily against gold, so as to garner strength to buy more gold; and
At some other juncture I figure to wager heavily for gold so as to make up for being so heavily ladened with USD / HKD.
Message 25202464 (circa 2008 11 24)
(ii) i also signed the papers to close out my aig annuity policies bought by and by over the years - these were off-balance sheet items, and i intend to convert the entire sum to off-balance sheet gold and PLATINUM - the value will outlast aig, the institution, and its backer and majority owner and bag-holder, the usa government and its electorates
the sum will, in a pinch, take care of the entirety of erita's education, and so, i mineralize the sum now
let us thank the gods for gold and PLATINUM drubbing
(iii) problem - hk's main bullion bank has said they will have gold bullion only to the extent that people liquidate
(iv) candles flick, music tempo rise, ground shift, ceiling creak
Message 25242140 (circa 2008 12 10)
i) following on to last night's Message 25239229 general mobilization, i doubled up on gdx position finance.yahoo.com at prices ranging from 27.4988-27.5927, because i feel it is time, as opposed to think it ought to be time.
(ii) made arrangements to take possession of hefty mass of PLATINUM wafers, delivered to hk airport, where i must personally make the customs clearing arrangements. the counterparty tried to talk me into setting up a more convenient segregated vault allocation schema, but he knew to say no more when i stated 'i want the stuff within my grabbing distance'
(iii) tomorrow i will open my pal's safe deposit box per this post Message 25241061 and take possession of minerals and crystals i find within, to help him out, and to help my family out.
(iv) i feel that the dollar is dead currency walking.
Message 25255765 (circa 2008 12 15 waypoint re-calibration)
i am now at ...
cash 22.40% (8.4% cad, 1.5% chf, 6.1% hkd, 0.4% sgd, 0.1% rmb, 5.7% usd)
physical & certificate pm 26.11%
re 32.78%
equities
- gold/silver mines 6.80%
- others 11.91% (energies, solar, tbt)
Message 24160139 (circa 2007 12 25 waypoint re-calibration)
here is an excerpt of my 2007 eop briefing to family members whose interest I look out for:
December 23rd, 2007
Subject: 2008 Note
Preamble
... As of December 23rd 2007 the Fund (edit by TJ: defined as everything excluding rental real estate) is up 28+% Year-to-Date.
We have collectively done well in 2007, and aim to do better in 2008.
I believe we are well positioned to navigate the obviously dire financial storm:
Cash @ 65% (1/7 in CAD cash, rest in USD 3-mths T-bills, with a bit in SGD, and a wallop in HKD, which, while a proxy of USD to which it is pegged, is better than USD, given the regime's small and non-interfering nature and genuine freedom practiced)
Gold & silver @ 23%
Equities @ 12%
Review of 2007 …
Issues and Concerns …
Forward, We Must Go …
I am concerned, but not paralyzed. I believe we must be:
(i) High agility, be observant, ready to move in large and rapid steps, and to admit mistakes;
(ii) High cash, but in official treasury bills, in case financial intermediary institutions holding our assets go bankrupt or is otherwise not bailed out cleanly. We will at least get back paper with our name on it, even if after a painful time delay. Be ready to ease out of the USD again, into other asset classes, and this time may be for good long time;
(iii) High gold, for gold has performed rather consistently over the past 7 years, and past 6,000 years. However, we must keep in mind that the price of gold had suffered 50% loss in the lead up to its inexorable rise to then all-time high back in 1981;
(iv) High hard and soft commodities, meaning everything useful, like metals and foods, but perhaps wait for a wash out unwinding of currently and uniformly high prices underpinned by possibly unsustainable debt. When and if the speculators are forced to SELL, they must SELL everything, not just what they want and wish to SELL, but also what they prefer holding on to;
(v) High energy, but be cognizant that when the recession (never mind depression) hits, energy will be hit as well;
(vi) High China, but very slowly and carefully, and only after the inevitable bloodletting; and
(vii) High Hong Kong real estate, gradually, over time, and to generate current income while standing a reasonable chance for capital gains.
Message 25288029 (circa 2008 12 31)
(1) just committed to yet another super tranche of physical PLATINUM bars - price as yet uncertain until actually done
Message 25307256 (circa 2009 01 08)
(iii) got notified on this PLATINUM trade Message 25288029 and confirmed PLATINUM goodness at (spot price december 30/31) usd 919/oz plus allocated (i shared the cost of shipping with friend who ordered same number of bars, but a salad of PLATINUM and gold) physical shipping cost of 4.25/oz
this trade is at considerable premium to earlier trade at 790 + 14/oz shipping.
but, PLATINUM is now at usd 985/oz spot, awaiting either stockpiling by sovereign funds out of ideas for paper money allocation in a dire deflationary death spiral of the real economy where all assets revert to intrinsic value, or inflationary economic recovery based fiat money inflation.
mean time, i am reminded that we must not think of PLATINUM as a mere precious metal, but, and get it right hence forth, a precious strategic metal :0)
mineweb.net
<<PLATINUM or gold - which will be the better performer in 2009?
Message 25341761 (circa 2009 01 21)
commendation: get out of cash; get wealth off shore; buy PLATINUM, hoard gold, and short the empire's commercial real estate along with its debt, including its debt-ly money.
(ii) ordered my third wallop of PLATINUM for value date tonight, for physical delivery to within grabbing distance naturally, as the much rarer and strategically precious metal fell more from 52-week high than the merely precious gold and just useful silver.
i understand the folks up north are hoarding metals of all sorts, and so i wanted to feel participative, and so continue with this sequence Message 25307256 (@ 919) and Message 25244327 (@ 841) and Message 25242140 (@ 790)
Message 25359184 (circa 2009 01 27)
iii) took delivery yesterday of 2nd batch of pt bars from consolidating friend, over coffee and noted the consecutive serial numbers, especially relative to first batch
(iv) anticipating independent 3rd batch delivery within 96 hours, and anxious to note the serial numbers
me thinks there is quite a bit of physical taking, especially relative to the one living roomful of above ground mass for the entire planet since the beginning of time, including the content of all applicable tail pipes
as PLATINUM does its rare enough platinum:gold parity bloomberg.com
"Gold futures for February delivery climbed $13, or 1.4 percent, to $908.80 an ounce in New York, after touching $916.30, the highest since October.
“We are hearing from refinery sources that the safe-haven demand for gold is spilling over into PLATINUM,” UBS’s Reade said in his note.
“We would not be surprised to see the gap between PLATINUM and gold narrow,” Reade said in his report. “In the long term, PLATINUM should trade at a considerable premium to gold and we observe that periods of platinum’s discount to gold tend to be measured in days or weeks rather than months and years.” "
as they should say, strike hard while the PLATINUM is not hot :0)
Message 25428744 (circa 2009 02 20)
defcon 5
tora tora tora
red alert
(i) received very distressing news from big investor that the outfit we dealt with to secure physical PLATINUM will hence forth refuse all physical delivery orders, and two exceptions have been made for 'final' order. the said investor thought and checked to see if i was the other exception. he was asked, or told, but politely, whether he wanted to take the opportunity to increase his order size.
that is like asking the passengers on the very soon to be very doomed airplane whether they would like to bid on parachutes.
i put in my 'final order' (sounds so terminal ;0) of physical delivery pt and am told it should be OK for one last time, and that it should and would be the last time.
i am speechless. grown men, scurrying around, begging to have paper money exchanged for industrial but precious, cheap but strategic, non-gold but rare PLATINUM bricks.
i had to use language, and i quote, "save me. __ bars, last order, promise never to do it again, cross my heart, give me, please. physical delivery"
Message 25439075 (circa 2009 02 24)
(i) i will take possession of a whole lot of PLATINUM tomorrow at the office, ordered Message 25428744 , and then, weighed down, to walk to the vault. once done, that would be it for PLATINUM transactions for a while; perhaps 10 years, maybe longer, could even be forever.
(ii) i sold a whole lot of paper gold today for mucho gains, to lighten my worries, by as much as 2/3 of all my paper gold holdings.
i intend to hold the remaining paper gold and the gdx positions until kingdom come, or sooner if called for.
(iii) bought some more panda gold bullion. the distributor is rationing supplies, and so i now must grovel and haggle for more.
(iv) have a lot of travels coming up, including a 3-weeks holiday, and if per tradition, events in markets everywhere could go kaboom.
(v) i already regret offloading the paper gold stakes.
just a guess, gold will ramp, and should it be so, thank goodness for physical and gdx.
Message 25505246 (circa 2009 03 18)
- put in last order for physical PLATINUM, and for balance, accompanied same with an order for physical gold
Message 26079227 (circa 2009 11 07 waypoint re-calibration)
(i) just tallying today, in between mid-morning reflexology session (9:00-11:00) and afternoon music accompanied deep nap (1:30-3:30). i am marked-to-market on equity, cash, and gold, and marked to cost on real estate, and at:
Cash @ 7.3%
- CAD 6.3%
- CHF 0.5%
- Euro 0.1%
- RMB 0.1%
- ZAR 0.1%
- HKD minus 6.8%
- USD 7.2%
Gold/Platinum @ 33.8% (25/25/50 - more or less physical/physical/paper) - i treat/think of the 50% share in gold certificates as as-good-as-or-better-than cash)
Bonds @ 2.6%
Rental real estate @ 41.5% (30 industrial, 70 residential)
Equity 14.8%
- energy (23.6% of 14.8)
- GDX, PAAS, AEM (34.4%)
- private equity (teeth, dental, 1.1%)
- Other (40.9%)
Message 26186238 (circa 2010 12 17 waypoint re-calibration)
am now positioned just so:
cash @ 23.73% (hkd/usd 16.9%, cad 6.1%, euro/chf/rmb 0.73%)
bonds @ 2.16%
physical metals @ 17.49% (50/50 au/pt value at 1100/1400 mark to mark, 56/44 au/pt in oz term, w/ gold cost basis at 404).
certificate metals @ effectively 0% now. paper gold was at 15.71% to physical at 17.49%.
the now effectively closed paper gold trade was a substantive trade deliberated/executed in march and was explicitly targeted to materially lower the cost basis of physical gold holdings so that still more physical can be engaged with underpinned by healthy psychology.
in on-line unreal tournament war scenario terms, i think of the trade as a recon in force, to flush out the enemy positions (discover interim trading band), strengthen own stance (lower physical cost basis and harden psychology), so that full formation can charge forth to do real savaging wet work.
rental real estate @ 40.17%
equity @ 16.45% (energy 3.6%, gold mining 5% all obligated by covered calls, others at 7.85%)
i figure i will re-engage with certificate gold at 1030 and below, maybe as paced for as low as 900, and would concurrently engage with certificate PLATINUM and silver; and the next round may involve leverage upto 50% of my overall nav, because it may be time.
Message 26255592 (circa 2010 01 19)
(i) shorted covered call options on gold miner etf (gdx) finance.yahoo.com (march, strike 50) @ 1.81, for i need some funding for sustenance, including but not limited to food, drinks, utilities, education, gas, entertainment, airplane ticket, maid services, starbucks mint mocha, lessons for skating, kung fu, piano, gymnastics, ballet, and the list goes on and on
(ii) purchased material measure of PLATINUM etf finance.yahoo.com @ 162.9/oz because i like its heft, figure the wager might well provide for future sustenannce
(iii) purchased large tranche of palladium etf finance.yahoo.com @ 46.21 since i enjoy its shine, and because i like balancing off the strategic metals in pairs - who knows, maybe one of the two PLATINUM group metals eventually would be elevated to 'unobtainium" status per avatar the movie
while i realize that all of the bets are highly volatile wagers, i am psychologically o.k. as i can take comfort from the enormous gains already made from same theme over the past 100 months via longs on physical, certificate, mining shares, by way of options.
it saddens me that i may have to exit these positions w/i 60 days, and it frightens me that i might have to summon courage to engage with more of same within same time span.
in any case, the gdx option trade above paid for 20% of each of the above pt and pd wagers - so i am doing speculation judo, borrowing the energy of the market to tip over the exchange.
Message 26266982 (circa 2010 01 22 waypoint re-calibration)
(ii) I am now stanced so, after accounting per inclusion of new savings and mark-to-market of physical and paper metals with some sandbagging (usd 1k/oz for au, 1.4k for pt), valuing rental at lower of cost and market, and removing from consideration off-balance sheet gold that belongs to daughter (adds 1700 basis points to physical metals)
Cash 6.6% (cad @ 6.0%, hkd/usd 0%, chf/rmb @ 0.6%)
Pt/Au 39% (43% physical w/ 49:51 split on pt/au, with inconsequential ag in all forms)
Bonds 2.1%
Rentals 39.1%
Equity 13.2% (3.6% energy, 4.5% au, plus whatever, inclusive of short covered calls on gdx)
And have ready 1:1 financing to establish leveraged positions in pt/au/equities, or deploy to rentals should values crumble.
The above looks and feels like a full position, and it is, even as gold and PLATINUM are more money-like than equity-like. I am firstly playing any gold drubbing by copvered calls on gdx, and am prepared to play by massively shorting gdx puts when opportune. I am not prepared to short gold.
Message 26720305 (circa 2010 07 30)
i) it is interesting that, gold being so supposedly useless, and the people who hold them especially in physical form so clueless, and all so barbaric, and yet the stuff can be used to secure loans. if and just so, i can think of a lot of other stuff available from any septic tank that should be equally useless.
(ii) i best get more gold, even if in unallocated paper form, to help out the global economy, and assist the deserving and ever so-privileged banks.
and so i just did, added massively, as in mind-bending wallop strength, of tranches of noble paper gold position at average price of hkd 10,810/tael, as well as hedged my brave wager with several tranches of strategic paper PLATINUM at 12,157/oz.
these days i am busy, cannot do dd due diligence on anything of script flavor, and so restrict myself to the purist of macro machinations, that which depends on astute agility, the noble and the strategic. their pricing 24/7 incorporates all that is known, knowable, as well as suspected but unknown, and probably even the unknowable. so much less fuss, plus neither pe ratio nor board meetings to worry about.
Message 26950994 (circa 2010 11 10)
sold paper PLATINUM at usd 167/oz or 11% gain. they were bought here Message 26720305 on july 30th at its more usual price.
i stand ready to buy back at the more usual price, and could be within days if i am fortunate.
Message 26972880 (circa 2010 11 19)
i bought back the tranches of PLATINUM i sold here Message 26950994 at hkd 12,957 or 4% discount to my earlier sales price
do not want to take a chance on missing traditional year-end rally and usual january-march ramp
let us see if PLATINUM continues to drop against palladium as large moolah players keeps at shorting pt and longing pd
reminder to self, that which is sold today must be bought back tomorrow
i stand ready to 10x my already enormous position on any dip back to 15x0s/oz.
Message 27052566 (circa 2010 12 28)
(i) big breakfast
(ii) a bit of swim
(iii) painted w/ daughter
(iv) conversed with pals
(v) waiting for 4-hands massage, afternoon snacking, bbq, and at some juncture, a dvd
(vi) offloaded PLATINUM at hkd 13,435/oz and claimed winnings from this trade Message 26972880 (cost hkd 12,957) of 6 weeks duration. 3.7% is good enough.
i do not believe there is enough time for one more round trip before year end, but could well be another round trip before march 2011 is out.
Message 27077190 (circa 2011 01 07)
(i) this week i converted all of my pt trading profit Message 27077130 in to physical PLATINUM at hkd 14,060 (usd 1,814, @ 4.5% premium over spot) and physical palladium at hkd 6,416 (usd 827, @ 8.8% premium)
pt/pd coins would have incurred premiums between 12% for pt, and 14% for pd)
of course, mineralizing excess and solidifying surplus is not about picking the best pricing entry point, just as when one is climbing a cliff one should not typically hesitate on whether to nail in another anchor.
Message 27179770 (circa 2011 02 18)
v) and had picked up the remaining owed physical PLATINUM that were done here Message 27077190 - the full delivery took that long, meaning the market cannot be that loose, particularly when a company such as corning sees fit to turn 1/18 of its value in market cap into the same metal commodityonline.com.
my allocation to physical pt is about the same as corning, and so far it has proven to be a good 1:1 hedge to physical gold.
Message 27233988 (circa 2011 03 14)
n the mean time i just materially wagered on beaten-down PLATINUM at hkd 13,523 / oz (usd 1,745), figuring japan must replace a lot of cars, make a lot of glass, refurbish quite a few chemical plants, and maybe even give fuel cells a try
beside, must front-run the chinese in creating 9999 purity mine closer at hand then their latest dealings businesslive.co.za.
China blazes SA PLATINUM trail with R6bn deal
should price stay at this level or drop more this afternoon and tonight, shall do same in time zones zurich, london, and new york, so as to be flexibly positioned for more effective and effectively 24-6 around the planet sell timing
Message 27240142 (circa 2011 03 16)
(i) doubled own paper PLATINUM @ hkd 13,308 per oz (equiv usd 1,710) - i must make mention that this is the first time nanyang commercial bank paper PLATINUM traded at premium to supposed spot. no matter.
(ii) added paper gold holdings at hkd 13,028 per tael (equiv usd 1,395 / oz)
Message 27288720 (circa 2011 04 06)
massively sold
- off-ed all paper PLATINUM at hkd 13,781 per oz bought here Message 27240142 and
Message 27233988 and
am now paper PLATINUM naked except for a residual orphaned position established way back whenever actionable only during hk's night time
now have clean start going forward on pt w/o mental baggage, and
- off-ed 1/3 of all paper gold at hkd 13,451.5 per tael that be bought here Message 26886418
got slap-happy and sold off 1/3 of trading paper gold acquired mid-october (when correcting another iteration of faithless trade) Message 26886418
just could not help self once i started to repeatedly hit the sell button (bank has per button push sell limit) as would a lab rat.
sell sell sell, ooooh, feels good, sell more. even as gold is getting more precious by the minute.
am done selling for the productive day.
now looking forward to secret appointment followed by more selling this night.
sell sell sell. must sell in order to buy.
Message 27326886 (circa 2011 04 22 waypoint re-calibration)
vii) as i have been flying blind given the inadequacies of quicken program vs ms money combined with excel spread sheet regime, i tallied by hand my current allocations, and they be:
physical n paper au / ag / pt = 29%
equity = 8% (energy shares, gdx, paas, fcx, remx, aussie hotsie totsie, and stuff i do not remember, plus a private equity play that is showing promise but valued on books at 1/2 of cost and 17% of last raise valuation)
cash = 18% (even spread between usd, hkd, cad, chf)
rental estate = 45%
The last tally january 29th 2011 was Message 27128420
20.5% physical metals
15.2% paper metals
9.8% mining n energy n private equities
16% cash
38.6% rental real estate, mostly hong kong
yeup, you would be correct to say a shift has happened in allocation. basically from cash (which was shuffling in and out of paper pt and equity trades) to real estate. did not announce the shift that happened within the past two weeks and deal to close in mid june because i have not even told wife about it yet.
am figuring that hong kong real estate is almost as good as gold and PLATINUM, but maybe not as good as silver. we shall see.
Message 27338511 (circa 2011 04 27)
bought 50% of the physical PLATINUM off of one friend who is returning from hong kong to europe at spot as he would have to pay vat if brought the metal back to europe. he is taking his gold with him as gold attracts not vat. another friend bought the other 50% of his pt holdings.
Message 27429798 (circa 2011 06 11)
(i) i emptied my hk kitco a/c of spare cash, excess savings, and surplus capital last friday and exchanged same for a handful of [edit: photo of said handful of pt]
Message 27464707 (circa 2011 06 30)
i) Just executed off-line transaction to buy back 50% of all earlier sold PLATINUM at hkd 13457 to 13575 per precious oz. It is rare to be able to atone for one's sin at a profit, and whenever able, must do.
I had earlier sold the PLATINUM at Message 27288720 hid 13781 and shouldn't have.
Now we wait to see whether PLATINUM can be engaged at cheaper due to whatever Greece or whatever else China.
Who knows, maybe california would help out, or most exciting of all, team USA defaults.
And then we wait for south africa to go on strike.
Message 27491321 (circa 2011 07 14)
just executed buys of papers
- 1/6 strength pt @ 1780
- 1/3 strength ag @ 38.53 (hkd at 7.76 rate to usd for conversion)
- 1/3 strength au @ 1,582 |
