hello dave, whatever the ancient script holds, we must continue to keep true to our longheld faith, until the second or 200th coming the elemental gold.
it has been a fun but uneasy journey, and so far, so good
Message 21941081 (2005-12-03, GOLD at 509)
New Jay Chen blog
worldmarket.blogspot.com
GOLD IS
o Periodic Table element @ $ 250
o Dirt @ $ 300
o Cheap jewelry @ $ 400
o Curiosity @ $ 500
o Bargain @ $ 600
o Exposure @ $ 700
o Inexpensive @ $ 800
o Allocation @ $ 900
o Cocktail conversation @ $ 1,000
o Expensive jewelry @ $ 1,250
o Asset Class @ $ 1,500
o Dinner conversation @ $ 1,750
o Drinking fountain conversation @ $ 1,950
o Necessity @ $ 2,000
o Precious metal @ $ 2,500
o Life saver @ $ 2,750
o Speculation @ $ 3,000
o Money @ $ 4,000
o Financial reset #1 @ $ 6,000
o Sell @ $ 7,000
o Topped out @ $ 8,000
o Long term investment @ $ 9,000
o Ruination @ $ 10,000
o Financial reset #2 @ $ 10,000
Message 11402103 (1999-09-29 GOLD at 308)
<<Good things, GOLD and internet, both looking to the future of hyper inflation and irresponsible govt and private spending. GOLD hedges against inflation, i-net cuts costs from real space based operations. i-net companies with cash from equity offering will win, real companies with cash from bond market will lose. I-net companies with no cash will disappear.>>
Message 15080764 (2000-12-25 GOLD at 274)
<<On GOLD (just another asset class, no more useful than overbuilt Texas apartments), it may not be important what the learned thinks, but only what the learned will think the unwashed masses around the world will believe as these latter folks scurry around aimlessly in un-choreographed panic. The fear of losing everything will make folks do strange things.
I still like Anglo American Plat and Impala Plat (available as AAPTY, and IMPAY in US), more useful than GOLD, with no monetary authority overhang, shiny to the eye, cold to the touch, and pays a dividend. GOLD, while not as valuable, is often more liquid.
Hedge and speculate is not quite the same as cower and hoard.>>
Message 16843049 (2001-12-29 GOLD at 280)
<<following up to my anecdotes on last evening's party, the consensus (ex-Jay) of the crowd seems to be USD is the least of all evils, and thus hold on tight, hold close, hold 100%. I do not know, but believe IF the USD goes down, all hell will break loose, and thus I do not want to have any part of it when I believe GOLD and associated paper is better, safer, and higher yielding.
I was the sole and lonely loony GOLD cockroach at the party.
On the other hand, the consensus was , ‘panic always come at the end’.
Question is, of course, what panic and which end?>>
Message 18356846 (2002-12-19 GOLD at 350)
<<My short answer: China deregulating GOLD industry is old news, first with the opening of the GOLD exchange for institutions, followed by allowing private and foreign ownership of GOLD mines, and eventually, one fine GOLDen day, retail ownership of monetary GOLD (as opposed to fabricated trinkets) …
P.S. I believe predictions that China annual GOLD demand will double from current 200 ton level is silly, because I am figuring, 'why not 10 fold? what makes a doubling so special in China'.>>
Message 19506792 (2003-11-16 GOLD at 396)
<<I cannot put my hand over my heart and whisper the word, 'buy', just yet, unless we are talking about GOLD, resources, some selected wagers in a few emerging markets.>>
Message 19628396 (2003-12-24 GOLD at 412)
<<Our issue is a simple one, 'how to remain on the correct side of relative'.
My guess is many Americans will also rediscover GOLD, as had the Thai, Koreans, Russians, Turks, Brazilians, ...
My paper GOLD is for sale at the right prices. The more right the price, the more is for sale.>>
Message 20880165 (2004-12-22 GOLD at 442)
<<I am chilled, relaxed, in a fine mood, relishing the further rise of housing and continuing decline of GOLD, because I trust destiny and think I understand where the housing bulls will end up ;0)>>
Message 20802339 (2004-11-26 GOLD at 453)
<<it might be the case that both GOLD and oil will catch a bid from national governments, and so the collapse of either may not progress very far>>
Message 20683159 (2004-10-25 GOLD at 430)
Yup, buy silver, hoard platinum, accumulate oil, collect gas, suck in the wind, scarf up the coal, grab uranium, ... but, for goodness sake, get the GOLD !
Buy the dips, and refuse to sell the interim peaks, hold on for dear life, since that is what we are trying to protect.
Message 21768069 (2005-10-05 GOLD at 474)
<<one can afford to be relaxed about the inevitable.
The ancient spell, GOLD, against BurnAndKaput's secret weapon, the printing press ... relax, the outcome is inevitable ;0)>>
Message 23143684 (2006-12-31 GOLD at 636
<<... Exogenous events only matter when the conditions for an all-out panic are in place, and the degree of perturbation only relevant to the amount of flammable fuel sprinkled all around.
We are all set for a panic, crisis, depression, recession, adjustment in growth, or just a simple psychology shift to get reacquainted with financial gravity and re-learn the true utility of GOLD.
The evidence have been presented, case made, judgement passed, and now, we only need to wait for the execution of the inevitable.
Waiting is easy. I can do it while standing on my head and accumulating GOLD.>>
Message 24171216 (2007-12-30 GOLD at 840)
<<my GOLD allocation is around 20% of nav, and when it reaches 100%, monetary collapse will happen>>
Message 25161981 (2008-11-10 GOLD at 750)
<<(a) we are no longer in a zero sum game, because we are now clearly in a negative sum game, at the rate of several trillion per month, heading to zero very fast. the first one to get to zero does not lose in this last man standing game. the one losing the most loses.
in this game, the one with the mostest will lose the most, for that is the nature of the game.
given that the game naturally involves us$, then the game certainly engages with china, and so the pondering must take account of what the large combatants did, are doing, and might do.
between usa and russia a different dynamic exists, and so we do not need to take that pair nearly as diligently.
(b) on china's announcement, i think china merely announced a plan made long long time ago, one that had been held back from implementation due to lack of political capital
now that an obvious crisis is upon all, capital call
it is not as if china did not figure on having to develop the rural hinterland or accelerate the satisfaction of 600 years of pent-up demand for yet another piece of infrastructure
on per capita basis, china lags mexico in very many items made of cement, steel, copper, glass, etc
crisis are god-sent, but to take advantage of it takes deliberate men who thought ahead
folks were always complaining that china is not reving up its domestic demand, and so must have no use for savings that become excess
well, time will tell, but change is maybe
(c) china panic responsed, possibly, but the response is with a plan made long ago, the outcome may be different when one spends excess savings on stuff one needs, had to do, sooner or later, as opposed to spending money one does not have on things one cannot possibly need, by accelerating borrowing and stuff same down the black holes that be aig and gm and ...
time will tell, certainly educational
recommendation: buystillmoreGOLD
(d) on GOLD benchmarking, i recommend acting-man.com as a good read
give me your e-mail and i will send you a definitive study of GOLD during periods of inflation and deflation since ancient times.
my doubt is regarding whether we are actually in 'deflation', or 'forced sale'. small difference, but ultimately may prove to be important detail.>>
Message 26129544 (2009-11-26 GOLD at 1,195)
<<default, capital control, forced loan, confiscation, redistribution, evaporation, revolution
... just chapters in education going forward and looking backward
we are blessed to be able to learn, but
only if we learn by observation as opposed to participation
should we wish to participate in the looting and the bonfire, best to engage with GOLD, that which allows us to keep what we already have, and seize what belongs to others, legally, in broad daylight, and in darkest of night, 24/7, enabled by the central banks, encouraged by the officialdom, and enhanced by the refugees>> |
