Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (42810)	1/9/1999 1:43:00 PM
From: put2rich	Read Replies (2) \| Respond to of 132070

Tommaso, <<Meantime I am unable to refrain from buying LEAPS (puts, that is)on Yahoo, Amazon, and Intel (so far). If those work out, maybe I'll go to the opposite extreme and buy U. S. savings bonds>> Can you tell me about the strike price and months. Many thanks.

To: Tommaso who wrote (42810)	1/10/1999 2:46:00 PM
From: voodooist	Read Replies (1) \| Respond to of 132070

Tommaso, OT Subject: US Savings Bonds..>>U.S. savings bonds are pretty illiquid since you lose all the interest since the last 6-month payment period if you cash them in>>. I believe that millions of Americans with old savings bonds are forfeiting huge amounts of interest to the US Treasury every year. The reason for this is that all old savings bonds, after they pass the period of original maturity and enter "extended maturity" have their interest payment dates shifted from the original purchase date. Very few people are aware of this, including bank personnel. Example: A bond purchased in May 1952 reached its maturity on Jan. 1,1962. At that point the anniversary and midpoint months shifted from May and November to January and July during its extended maturity period. Many elderly people are dutifully taking their bonds to the bank on the date on the bond or six month offset. It is my paranoid belief that this change was made for the benefit of the Treasury Dept.

To: Tommaso who wrote (42810)	1/10/1999 10:30:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 132070

Tommasso, final part of David Tice's article gold-eagle.com addresses many of your questions. Yes the Fed will try to print their way to avoid depression but I don't think it will work -it hasn't in the past. Simply put in Austrian economic terms the bust is the inevitable outcome of the excesses engendered during the preceeding boom. I would recommend reading "The Great Reckoning " chapters 11 &12 by Jim Davidson and Lord-Rees Mogg. What the Monetarists overlook is impact of the credit creation outside the banking system on an unprecedented scale. So you want a safe place for your money -give it to me-g- I don't consider myself well versed in all the options but I believe gold & mining shares should hold a place in a portfolio in spite of all the attempts to bash gold. Actually I think mutual funds that short are also safe if you can stand the market moving against you but I cannot imagine the market not being down for the year -near term it may go higher. Many like the long bond -I don't I worry about rising rates due to a falling US Dollar but i could be wrong . many think I am always wrong but i like to think that I am early.-g- Time fer bed. I would like to elaborate on these points later. Mike