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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: UncleBigs who wrote (54704)	2/25/2006 3:55:59 PM
From: inchingup	Read Replies (2) \| Respond to of 110194

"I don't trust goldmoney, kitco or anyone else that claims to hold gold for me in some remote location." Well, you can always buy Perth Mint Certificates. You can get those honered even if they are lost. However, I put a lot more trust in Kitco than I do keeping all PM's in a safety deposit box where the scum running this so-called democracy can, according to something I have read on one of these boards, not allow you to withdraw cash or PM's in case of a national emergency. Hence, it is good to keep PM's scattered throughout the world in the hopes that one can get some of it back. That's what I have done.

To: UncleBigs who wrote (54704)	2/25/2006 4:03:41 PM
From: inchingup	Respond to of 110194

Ubigs: I find your statement kind of amusing after the previous discussions we had regarding gold. You just stated: "That's why I hold physical gold" Let me refresh your memory: To: westpacific who wrote (46910) 12/9/2005 1:26:09 PM From: inchingup Read Replies (2) of 54706 West: So, you are saying then that I am a gold bug based on your families historical run-in with gold? Yes or no? Do you think I should take my profits and run? If so, why? What should I do with the proceeds from my sale? Enquiring mind wants to know. To: inchingup who wrote (46913) 12/9/2005 1:33:35 PM From: UncleBigs Read Replies (5) \| Respond to of 54706 Your question about gold really proves what I've thought. You're long gold and wondering if you should sell and if so, what else you should buy. There is absolutely zero fear right now. The only fear is not being long something. Anything. Gold, Google, Apple, real estate, copper, something, anything. Sometime is 2006, I think we see a psychological shift. A shift towards risk aversion. A demand for safety. Cash. The reach for return on capital will morph into a reach for return of capital. When that occurs, every asset that has skyrocketed over the past 4 years will retreat in tandem. And that includes gold in my opinion. To: UncleBigs who wrote (46916) 12/9/2005 1:46:21 PM From: inchingup Read Replies (1) \| Respond to of 54706 Uncle Bigs: "You're long gold and wondering if you should sell and if so, what else you should buy." In actuality, I do not care about the price fluctuations in gold. If it went to $0 it would not affect my lifestyle. This is exactly why I asked for a defiinition of a "gold bug" a term that has bothered me for years on SI and elsewhere. I do not need to sell it to pay off debt and I certainly don't need the cash to invest elsewhere. Even if I chose to cash out I can't think of anything that would warrant me investing in. Can you? To: inchingup who wrote (46920) 12/9/2005 2:03:12 PM From: UncleBigs Read Replies (1) \| Respond to of 54706 Even if I chose to cash out I can't think of anything that would warrant me investing in. Selling out of a speculative bubble and putting the proceeds in cash or T bills doesn't even occur to you. It has been so ingrained in you that cash is trash that you believe you must be long something at all times. That's a view shared by 99% of the public. That's why we have rolling bubbles. An asset goes parabolic then begins its descent only to trigger the next parabolic ascent in another asset. The continual search and chase of the next rising asset will end. Once wealth begins to be destroyed by declining values, extreme risk seeking herd behavior will morph into risk aversion. I predict that happens in 2006. To: UncleBigs who wrote (46929) 12/9/2005 2:17:23 PM From: inchingup Respond to of 54706 Uncle Bigs: "Selling out of a speculative bubble and putting the proceeds in cash or T bills doesn't even occur to you." You really haven't provided a substantial argument. Perhaps you missed the point that I made that if gold went to $0 it would not affect my lifestyle. I have cash and other investments. I own my home and other assets. Are you suggesting that I now invest in more cash? Are you saying cash is "king"? I knew when I made my first post it would be controversial in that many talk about a "gold bug" but might be unable to define the term. IMO, some people collect paintings, some stocks, cars, cash, and yep, even gold. Personally, I don't view being all cash as a viable alternative to owning both gold and cash. As for T-Bills, I would feel about as safe owning them as I do about collecting my SS.

To: UncleBigs who wrote (54704)	2/25/2006 7:43:31 PM
From: patron_anejo_por_favor	Respond to of 110194

I agree for the most part. Physical gold is a special asset class, and "close" is not the same as holding the bullion itself in your own possession. I speculate with GLD and CEF, but bullion coins are the hard core (so to speak) of my assets.