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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (27255)	1/3/2008 8:45:59 PM
From: GoldBull no bug here	Read Replies (4) \| Respond to of 218070

Swan - I'm not concerned about gold as money. For me gold and silver maintain my hard earned wealth and future standard of living. The Gold and Silver act as a wall of protection from the storms of fiat money, taxes and government intervention into my life. Those hard assets can be easily converted to current monies in circulation at the going exchange rates. Whether it be selling GLD in my stock account, using GoldMoney, or taking coins to the local coin shop all easy to do. Not like a boat - easy to buy, hard to sell. I say, let the central banks of the world continue with their fiat fantasy...just allow me to buy gold and silver and oil and all the other hard assets I think are needed for my portfolio. I'm still working. Get paid in fiat. Spend in fiat. Save in gold, silver and oil. Cheers!

To: Cogito Ergo Sum who wrote (27255)	1/4/2008 12:10:38 AM
From: RJA_	Read Replies (2) \| Respond to of 218070

>>I'm always puzzled about the issue of spending it. Even one oz. coins would be pretty cumbersome... Thats where the junk silver comes in handy. There is also smaller denomination gold, such as Swiss 20 Franc, fractional eagles/krands etc. >>I'm still trying to figure out from up here teetering on the fence how much gold is enough. If it goes up, you did not buy enough <grin!> If it goes down, you bought too much. <grin!> So far, I expect, we have not bought enough.

To: Cogito Ergo Sum who wrote (27255)	1/4/2008 1:41:33 AM
From: energyplay	Read Replies (1) \| Respond to of 218070

I try to buy mostly 1/2 ounce and 1/4 ounce coins and smaller. I have sold some a few months ago, and then immediately used the cash. Find a few discrete coin dealers, and buy from them - that makes it very easy to sell to them later. For some of the dealers, first names only works okay.

To: Cogito Ergo Sum who wrote (27255)	1/4/2008 5:15:35 AM
From: TobagoJack	Respond to of 218070

<<[Gold] I'm always puzzled about the issue of spending it.>> ... stop. It is not for spending. It is for hoarding. It is the anchor, the foundation of own central bank, to print paper against, should it ever become necessary. <<Might they not try and appropriate>> ... yes, they will ... count on it, and when they shut down the ETFs, the physicals will become even more desired. We of the thread will have plenty of time to get out while the getting is still good, as we did the i-net boom, the housing crash, and before that, the Asian flu, and Red Chip crisis, etc etc etc Escape is second nature to me. <<You are a gloomy gus LOL>> ... no, I am the optimist; the one who thinks I will always be able to escape in good time. <<... plan to change the gold into something else (the exit strategy) ?>> ... at some point i figure i will sell off my paper certificate gold and any PM shares and close out any options I may have at that point, claim profit and effectively reduce my cost basis of physical gold and platinum to zero. The thought of selling physical has not occurred to me. Besides, when it is time to sell the physical, we will be able to do so at restaurants, burger joints, bus stations, news paper stands, and the neighborhood drug store. In other words, worry not. Besides, in HK, we buy and sell the physical at banks, because gold is money. <<I thought you were ultimately more upbeat on China ? Would that preclude some of this anticipated pain... or will the pain be more a Western experience ? Relatively ?>> ... pain will be for all, and after the pain, the middle class of China and possibly India will use more of the earth's resources than the middle class of America, on absolute as well as relative basis. <<I discovered that the US has by far the most reported gold reserves>> ... yes, and USA also has one of the lowest reported rates of inflation. Faith in either number will lead to fatal mistake. <<how much gold is enough>> ... at some dire moment, before set sail into the dark interregnum, 100% allocation will not be enough. The history books have stories of the astute doing exactly that, and that ought to be our benchmark. Chugs, TJ