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

To: RJA_ who wrote (59286)	4/24/2006 3:04:02 AM
From: shades	Read Replies (1) \| Respond to of 110194

Because he doesn't know the future - but if it all goes to shit - he is hoping that 10% will preserve his wealth so he doesn't have to WORK HARD to be USEFUL Here is jet li in 1978 winning a wu shu competition as a little boy - he was working HARD back then - working HARD today - people that think you can sit on your ass and just HOARD shiny metal to stay rich - they very foolish. youtube.com

To: RJA_ who wrote (59286)	4/24/2006 9:46:36 AM
From: TobagoJack	Read Replies (1) \| Respond to of 110194

RJA, there is a great boatload of money in China funded by Americans and off-set printed by China officialdom, via a high savings rate, readying to come back into the rest of the world, by way of institutional and private investors. The first port of call for the money will be HK, and pretty much only in China companies listed on overseas exchanges. The early indication of the magnitude of the money is in the valuation of the publicly-listed HK Stock Exchange finance.yahoo.com , notice how it is so optimistic. Allocation: Non-USD cash 31% and rising USD cash 10% and dropping Physical and paper PM 8.4% rising and dropping, depending on 500 or 600 valuation and on currencies/equities rising and falling in relative weighting Real estate 14% (at cost) Equity 37% (26% in illiquid private equity China operating business, 10% in mishmash of mostly energy, and a bit of mining, agri-resources, and a Australian publicly listed financial speculator) So, I would say my physical PM, at about 8%, is already plenty hefty, and in the event of sharp corrections in PM, I always add, without exceptions. The reason I am not loaded to the gills with paper gold is because I want the currencies to support my put writing program, and I desire flexibility. I have increased paper gold to 5% of gross asset before. Oh, and yes, I am leveraged 1.59 to 1, not quite hedge fund like, but delicate in any case. Conservative? Perhaps not so, after all. I believe there could quite easily be a 50% correction to PM, and in the event of the puke-inducing happening, I would be psychologically disturbed should I be more in physical PM ;0) I treat gold/silver mining shares as quite separate and distict asset class from physical PM. Physical is for buy, buy again, buy more, and almost never ever sell, until Financial Reset day or even beyond.