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

To: TobagoJack who wrote (55965)	10/6/2009 9:04:14 PM
From: Maurice Winn	2 Recommendations Read Replies (1) \| Respond to of 217734

Way back at $323 an ounce, I even visited the local gold temple on Grafton Road and asked the nice lady to get various gold trinkets out for me to ogle with a view to buy. The bars looked my style. <have you engaged with gold religion yet?> As it happened, it would indeed have been a very good idea to convert all my US$ to that medium without further thought. If the spread between bid and ask had been half decent it would have been a major sale for them [major in my terms anyway]. Fortunately, the total cash which remained in decomposing state was relatively small so there was no great proportionate harm done. Some of the cash went on to do very useful things in fact. Some of the cash funded zenbu.net.nz for example, which is lots of fun and much more fun than ogling some gold bars in my attic would be from time to time. It also bought Livedoor shares after the attack on Horie by the old boys club who objected to that whipper snapper upstart messing with their rules of who gets to have the cash. That has been highly profitable and a lot of fun. Livedoor does good things as you can see: livedoor.com They even have a large Wi-Fi system inside the Yamanote line which is a good thing. The cash also lies in wait to buy various things should financial relativity theory lead to what I expect = some more crunching as markets clear further until there is general order and rebalancing and CB has finished her good works in restructuring HSBC's loan book. My rule for 30 years has been to not hold cash. For the most part, this latest glitch aside, I have kept to that good judgment. NZ$ are just a promise from Helen Clark [and equivalents elsewhere in other currencies] to steal not too much of it. Such a promise is not one I trust. Gib is of course a great fan of Helen - and is of course in the downstream end of the cash flow from Helengrad as are most Kiwis [so it's not surprising they vote for more of the same since they don't understand financial relativity theory and have long lost sight of Virtuous Victorian Values]. Mqurice