hello veggie, i agree with you re platinum.
i am not a fundamental analysis person and rarely waste effort on reading balance sheets except those put together by me
i am not a technical analyst and do not go beyond the basic charts of simple price and every now and then, 200ma
i am the purist macro speculator, or i like to think so, and frankly, most of what i hold can be summed up below:
(i) hkd / cad (w/ hkd pegged to usd)
(ii) hk real estate (w/ hk mortgage rate tied to usa 3-month t-bill rates, and hk economy wired to the global economy, and hk financial linked to mainland china financials)
(iii) monetary precious gold
(iv) industry strategic platinum
(v) mass psychology silver (mix of mass psycho, monetary and industrial)
i am of the belief that by dialing left and right, tuning in and out, levering this and switching that, amongst the above 5 items, i can duplicate / beat any index of stocks / bonds i choose.
w/r to platinum, given that there is so very little of the stuff and it is so important, i feel safe with the volatility, because unlike what the usa universities teach and wall street preaches, i do not view volatility as risk. i view the probability of "death-level discount to zero" as risk.
platinum would not likely go to zero.
i would say that in my life, in so far as saving is concerned, the best decision i made is to treat gold as a good place for surplus capital and platinum as a nice hideout for excess savings. |
