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


To: shades who wrote (59287)4/24/2006 4:02:19 AM
From: RJA_  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.

My comments were in regard to INVESTMENT allocation. Not the same as working.

>>people that think you can sit on your ass and just HOARD shiny metal to stay rich - they very foolish.

In Wimar time, working accomplished very little. Asset allocation was everything. Asset allocation also important during last gold run up in 78, also an exciting time.

I have nothing against work or investments in other than PM. I am merely curious why so little proportion of TJ investment allocation in PM.

But please shades, I am interested in TJ's response on this. Like others on this list I am constantly looking for safe and profitable investments... I am also in CAD and EUR and Oil income trusts... so I am curious.

This is a special time for PM and hard assets. We may be in the early stages of a flight away from paper (or at leas US paper). There may be special opportunities here that happen only rarely in a lifetime.

Best wishes...

RJA