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To: THE ANT who wrote (95395)10/10/2012 11:40:27 AM
From: TobagoJack4 Recommendations  Read Replies (2) | Respond to of 219492
 
Gad, and here I thought I was taking a break from doing all that god's work in the 3D world.

In all seriousness, the discussions on SI are helpful should one be predisposed to engage w/ help.

In the mean time and in another arena


On Oct 10, 2012, at 11:22 PM, j wrote:


Re metalizing, the operative and formal phrase is "mineralizing excess savings and solidifying surplus capital".

M is wrong to still treat gold as a hedge / insurance. Do we treat our auto policy as a hedge when our car is stuck on the rail crossing and the locomotive is inexorably moving to a meaningful impact?

Paper money is burning. We must not buy insurance for the burning paper money; we must mineralized and solidify, and then we must sell insurance dear but also buy re-insurance cheap; and having done so, we must also buy the source of salvation and command the fountain of redemption. The mines and gold fields must be seized and dominated.

At some juncture we must move from full-on / all-in and take leverage positions and truly believe.

M noted that his gold sub-portfolio did better than all the rest of the sub-portfolios. I contend that, given the clear and present macro, our prime objective must be to beat the gold imperative, and should we fail to figure out any sensible way to beat gold, then we must submit to certain fate and choose to become one w/ gold.

Amen

On Oct 10, 2012, at 10:00 PM, b wrote:

Can't disagree, a bit less than 1/2 of my net worth is in gold and the other PMs and I won't be selling until we see some sanity in the CB, political and bankster realm. I see zero indication of even a glimmer of hope for it, can kicking being the current 'religious' ideology.

Most of it came from trading, in J's word "metalizing". I hit the total net worth target I set in 2004 in about early 2009, and have been more in hedge mode since then than anything, but it still does include some futures trading when I see a good probability of money just laying around waiting to be picked up. I'm currently looking at a possible S&P short, some of my eclectic signals are pointing at a substantial drop within the week.

If I were a stocks guy, I'd probably open a small test short on HGX or PHLX today. They're looking peaky and have had recent parabolic moves. Dataquick weekly median prices have not moved up in 9 weeks, Las Vegas and Phoenix are showing sales volume drops YoY, etc.


From: M
Sent: Wednesday, October 10, 2012 2:15 AM
Subject: Re: Comments - Week of October 1


As for gold, I'm fixed on the long run, and really don't care if the next $100 is up or down.

But to me, gold is simply the ultimate insurance policy against the madmen running Central Banks and the idiot politicians who think that "discipline" is only an irrelevant concept when it comes to spending other people's money.....

I haven't "traded" gold in a decade. I simply accumulate physical and perhaps rotate out of one miner and into another on the stocks in my mining sub-portfolio....My gold exposure has increased in the past few years in large part because it has outperformed the rest of my portfolio of stocks, bonds & cash!

M