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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 399.29+0.9%Dec 17 4:00 PM EST

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To: bart13 who wrote (86870)2/4/2012 7:08:24 PM
From: Maurice Winn2 Recommendations  Read Replies (1) of 218548
 
So you have meanings both ways. Which means you really just want to disagree for the sake of it. Have fun. And then you add the insults.

Suit yourself. And thanks for boasting about your huge returns since 2004, though you covered the boast with a denial fig leaf, about wanting to be a BSD.

After some linguistic labour, we have arrived at whether you include paper holdings as drain bamaged. You do. You mean by "physical ownership" actual, personal, physical contact without somebody else providing access to the holdings. That was surprisingly difficult for you to clear up. <
In plain English, in my opinion 'paper' gold (whether ETFs or futures or stocks or whatever) is ok for trading or shorter term games - after one has substantial actual physical ownership.
> But we can leave aside the fine print of whether a bank safe deposit box is categorized as "actual physical ownership" but I guess you think it is.

The reason I did not trade QCOM for gold for GLD for Apple for short JPM for long this that and the other is that New Zealand has capital gains tax laws which one must not come into conflict with. I would love to have sold QCOM at the 1999 peak but the tax department would have come calling. It was obvious by May 1999 that there was going to be a Biotelecosmictechdot.com bust. But one must comply with laws or pay the consequences.

Recently, I formed a company for trading purposes <Nicely done on the yearly predictions, but no points for not actually buying & holding in substantial quantities and blowing QCOM returns etc. into the weeds. Your decision though. > My speculative company's purchase of gold was very profitable as were my sales of JP Morgan and Wells Fargo. As has been my purchase of GSAT [38c to 70c so far]. Oh, crikey, that's even more than gold has increased in the same time [a few months]. GNOM is a work in progress. My fig leaf is VERY big.

Mqurice
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