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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 (66438)	7/19/2006 10:40:17 PM
From: yard_man	Read Replies (1) \| Respond to of 110194

interesting, but that's a lot of buying and selling. Call me daft, but I think it would be more interesting to do a comparison for the 2 years with a tad less trading -- maybe with 1) none 2) just a few

To: shades who wrote (66438)	7/20/2006 4:58:08 AM
From: 8bits	Read Replies (1) \| Respond to of 110194

"It will take a few years for Americans to adjust. This is where we disagree - do you think the crack addict perhaps if given enough suffering will stop wanting crack in time? " You referred to the "general public" not an aberrant member of society who would not only forgo gold but also the items you mentioned. "HAHA like I keep telling General Chen - the time to buy gold was at the early 2000 lows - but I can show you many superior investments to yellow metal in the past 2 years.? So can I, I've held some of them. My best performers have been the Canadian oil stocks which I bought in the Spring of 2003. FYI, the gains on the list you provided do not take into account the high annual tax rate one would have to pay (for me north of 30%) on such trades. Knocks down the percentages quite a bit, I am basically a buy and hold person until I am out of the trade completely although I will sell options and short against the box to smooth out market volatility. Precious metals represent about 20% of my holdings. Gold is basically an insurance policy that never expires, it does not go bankrupt. However it was a horrible long term investment from 1980 to 2001, nonetheless, in my opinion, the tide has turned and we have moved back to the stagflationary era of the 1970s. "Grants interest rate monitor guy on Bloomberg TV today made very compelling arguments why our dollar is doomed and why PRICE CONTROLS don't work and why the fed will debase our dollars." Uhh dude, that's an argument FOR gold. Thanks. "they will get WEALTHY not by hoarding shiny metal digging holes" Absolutely, and my point is not that gold will make them wealthy but that since historically those societies have used gold as a store of wealth, then gold will rise in value. In regards to the Aztecs and Spaniards, the Aztecs had their gold taken because they put it prominently on display. In today's society, gold is one of the best ways to keep your wealth, IE the opposite of your example if we were to face such a horrific calamity. Military power does not always equate wealth, witness the recent collapse of the Soviet Union. Chaos and dissolution of American society most likely will come from within. This is a long haul plan, not a short term vision and yes I will be quite happy if fiscally responsible people take control of the till in the US government and my gold holding declines in value (That's why I call it insurance) Until such time. I am holding.