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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (10091)9/23/2001 1:12:07 AM
From: elmatador  Read Replies (3) | Respond to of 74559
 
I just stepped outside to see the foggy early morning. Deafening silence in Prague 4 -my area. German coffee tastes delicious.
IT made me think: Either we bring everyone to an certain state of civilisation that precludes terrorism, acts of war and rage or we will be fighting forever.



To: TobagoJack who wrote (10091)9/23/2001 4:42:58 AM
From: KyrosL  Read Replies (1) | Respond to of 74559
 
Jay, spreads for gold coins at my favorite gold web site have more than doubled since the last time I bought, about half a year ago, for the first time in my life. Physical gold is less than 1% of my assets, a last resort hedge, enough to cover essential family expenses for a year or so at the current exchange rate. I don't intend to trade it.



To: TobagoJack who wrote (10091)12/19/2002 8:36:45 PM
From: TobagoJack  Read Replies (1) | Respond to of 74559
 
Hi Jay, what made you say these words? and why did Maurice refuse to listen?

Message 16399336
September 22nd, 2001
On the Aztec Cross of gold, what Maurice has failed to take into account about his 6dotOdd billion CDMA folks is that …
(a) Every ounce sold by CBs, houses, mines, etc, was bought eventually, and retail folks who buy tend not to trade, for anchoring a state of mind;
(b) If there is no demand, why do the mines exist?
(c) Gold has been useless only to the Americans over the past 20 short years;
(d) America is now no longer apart from the world;
(e) Stepping into a time machine, randomly going forward to a time unknown and landscape uncharted, and now, just before, quickly, decide what to place in your single piece of luggage.

Or so I keep telling myself, as does CNBC do with equity LTBH.

The key is allocation percentage, not if.

I keep reminding myself, in relation to Bangkok Bank distressed bonds, Softbank, HK real estate, and Gold, open the cages of ancient sins, be they greed or fear, and the same monsters step out each and every time, without fail.

Human nature is predictable, especially when aggregated in large agitated numbers, surging forth in one frenzied mass, and so will be the end to the equity market and the rise of gold, predictable, especially if one is not fussy about the timing to the specific month.


Chugs, Jay