IMF to sell its Gold (That tech that Janszen Bloke)

[metalman]

Re: IMF to sell its Gold (That tech that Jansen Bloke)

Here's what I do: I wake up in the morning and say, "Do I have enough gold and silver?" and the answer is always, "No freakin' way." Eventually after a month or so of ruminating over it, I make another purchase, a poor man's dollar cost averaging I guess. Then I ask myself why the hell didn't I just buy more the month before? Over the last four years it has served me well and I expect to continue on that way until serpents are falling from the sky and Jim Cramer is suggesting gold miner stocks.
At over 900$ a big whipsaw with the rest of what I have might might give me an ulcer, so steady and onward I go I expect. Right now I'm at 35% PM's.

35%... you and me, brother.

[WDCRob]

Re: IMF to sell its Gold (That tech that Jansen Bloke)

Huh... that's almost exactly where I am as well - 34%. Not sure if that should be cause for celebration on my part, or concern on yours.

[metalman]

Re: IMF to sell its Gold (That tech that Jansen Bloke)

Huh... that's almost exactly where I am as well - 34%. Not sure if that should be cause for celebration on my part, or concern on yours.

this helps... Shayne McGuire: The Early Innings of a Gold Boom

[jtabeb]

Re: IMF to sell its Gold (That tech that Jansen Bloke)

35%... you and me, brother.

Question for you guys...

How's the rest of the 65% been doing?:eek:

Food for thought....

[Jim Nickerson]

Re: IMF to sell its Gold (That tech that Jansen Bloke)

Question for you guys...

How's the rest of the 65% been doing?:eek:

Food for thought....

There may be no exhiliration equal to betting the farm or most of it on something and winning. I guess that is why Las Vegas and Macau thrive, people looking for the big win, but it has been said those places were not built on the proposition of the visitors being the winners.

It seems prudent to this old fart that diversification offers some protection in the world of investing, but perhaps that is just bullshit.

Personally, I wouldn't recommend anyone putting 85% of their capital into any single investment unless it was his/her own business, or when one has a long time to recoup losses if things were to turn against one when placing such large bets in the investment world.

jt, you may laugh all the way to the bank, and I do hope it happens that way for you. Oh, it pops into my mind: Fools rush in where wise men fear to tread. Couldn't possibly be appropriate here, such rubbish!

[metalman]

Re: IMF to sell its Gold (That tech that Jansen Bloke)

There may be no exhiliration equal to betting the farm or most of it on something and winning. I guess that is why Las Vegas and Macau thrive, people looking for the big win, but it has been said those places were not built on the proposition of the visitors being the winners.

It seems prudent to this old fart that diversification offers some protection in the world of investing, but perhaps that is just bullshit.

Personally, I wouldn't recommend anyone putting 85% of their capital into any single investment unless it was his/her own business, or when one has a long time to recoup losses if things were to turn against one when placing such large bets in the investment world.

jt, you may laugh all the way to the bank, and I do hope it happens that way for you. Oh, it pops into my mind: Fools rush in where wise men fear to tread. Couldn't possibly be appropriate here, such rubbish!

the part of this that stands out...

unless it was his/her own business

yeh. indeed. the part you can influence.

[Jay]

Re: IMF to sell its Gold (That tech that Jansen Bloke)

Question for you guys...

How's the rest of the 65% been doing?:eek:

Food for thought....

Pretty well, it's all in energy, cash and inverse funds.

[jtabeb]

Re: IMF to sell its Gold (That tech that Jansen Bloke)

It seems prudent to this old fart that diversification offers some protection in the world of investing, but perhaps that is just bullshit.



Personally, I wouldn't recommend anyone putting 85% of their capital into any single investment unless it was his/her own business, or when one has a long time to recoup losses if things were to turn against one when placing such large bets in the investment world.

jt, you may laugh all the way to the bank, !

You are correct, that's was bullshit and a disservice, and you even called yourself out on it!

Call it what you may, I was just trying to point out that if the rest of your allocation is not performing as well as your PM's, ask why and think about doing something about it.

The last thing I would do is to laugh all the way to the bank at others' expense (except CB's, Hegies and all paper pushing brokers). Why did I bring this asset allocation thing up? To belittle you guys? F-NO!

What I don't seem to follow is that you seem to think gold is risky?!?!?!

To me only 85% is agressive, 100% is conservative! That's how I have my mom, mother in law, aunt, uncle etc. Invested. Why? Because they need guaranteed absolute SAFETY! (the gold will not just evaporate into to thin air, unlike so many paper investments). I'm blessed to have found them a way to earn a 35% return and maintain absolute safety. A great boon to people who can't afford to have their savings destroyed by Government ineptness/greed.

They have no concept of the macro economic events that are at play, and I FEEL a HUGE responsiblity to them. They trust me to invest their life savings. I have to be able to sleep at night with the risk I have them take on and the security of their assets. Bullion allows me to sleep like a baby knowing there is NOTHING safer that I can invest their money in. I can do no better in risk vs reward. Conventional wisdom will get you freaking killed at turning points.

The BEST INVESTMENT ADVICE IN THE WORLD is below. Take Heed, and question your premises. That's all I ask.

1.Quoting Buffett (Warren, not Jimmy) " Diversification overexposes you to underperforming assets, and underexposes you to outperforming ones"

2.Quoting Soros " To make money is simple, find the false premise , and bet against it."

3.Quoting jtabeb "To make money is simple, find the false premise and bet EVERYTHING against it." (see #1)

For what it's worth...

JT

[Jim Nickerson]

Re: IMF to sell its Gold (That tech that Jansen Bloke)

You are correct, that's was bullshit and a disservice, and you even called yourself out on it!

Call it what you may, I was just trying to point out that if the rest of your allocation is not performing as well as your PM's, ask why and think about doing something about it.

The last thing I would do is to laugh all the way to the bank at others' expense (except CB's, Hegies and all paper pushing brokers). Why did I bring this asset allocation thing up? To belittle you guys? F-NO!

What I don't seem to follow is that you seem to think gold is risky?!?!?!

To me only 85% is agressive, 100% is conservative! That's how I have my mom, mother in law, aunt, uncle etc. Invested. Why? Because they need guaranteed absolute SAFETY! (the gold will not just evaporate into to thin air, unlike so many paper investments). I'm blessed to have found them a way to earn a 35% return and maintain absolute safety. A great boon to people who can't afford to have their savings destroyed by Government ineptness/greed.

They have no concept of the macro economic events that are at play, and I FEEL a HUGE responsiblity to them. They trust me to invest their life savings. I have to be able to sleep at night with the risk I have them take on and the security of their assets. Bullion allows me to sleep like a baby knowing there is NOTHING safer that I can invest their money in. I can do no better in risk vs reward. Conventional wisdom will get you freaking killed at turning points.

The BEST INVESTMENT ADVICE IN THE WORLD is below. Take Heed, and question your premises. That's all I ask.

1.Quoting Buffett (Warren, not Jimmy) " Diversification overexposes you to underperforming assets, and underexposes you to outperforming ones"

2.Quoting Soros " To make money is simple, find the false premise , and bet against it."

3.Quoting jtabeb "To make money is simple, find the false premise and bet EVERYTHING against it." (see #1)

For what it's worth...

JT

Damnit! Long reply blown away, server busy, etc. Can't do it again.

Short version. NOTHING in the world can't fail. NOTHING is absolutely safe.

I don't follow BRK so I don't know which of the companies Buffett owns comprises 85% of his non-diversificaion. Which one is it?

[jtabeb]

Re: IMF to sell its Gold (That tech that Jansen Bloke)

Damnit! Long reply blown away, server busy, etc. Can't do it again.

Short version. NOTHING in the world can't fail. NOTHING is absolutely safe.

I don't follow BRK so I don't know which of the companies Buffett owns comprises 85% of his non-diversificaion. Which one is it?

1. Agreed, all you can do is all you can do. I'll take gold vs all others, thanks.

2. Owning gold and silver is approraite diversification, or gold and gold stocks or gold and energy..., owning gold and bonar paper is not. Diversification among winnners is awesome. His point is to NOT diversify into winners AND loosers. Why the heck would you do that? Just to be diversified?!?

[GRG55]

Re: IMF to sell its Gold (That tech that Jansen Bloke)

You are correct, that's was bullshit and a disservice, and you even called yourself out on it!...

...To me only 85% is agressive, 100% is conservative! That's how I have my mom, mother in law, aunt, uncle etc. Invested. Why? Because they need guaranteed absolute SAFETY! (the gold will not just evaporate into to thin air, unlike so many paper investments). I'm blessed to have found them a way to earn a 35% return and maintain absolute safety. A great boon to people who can't afford to have their savings destroyed by Government ineptness/greed...

The BEST INVESTMENT ADVICE IN THE WORLD is below. Take Heed, and question your premises. That's all I ask.

1.Quoting Buffett (Warren, not Jimmy) " Diversification overexposes you to underperforming assets, and underexposes you to outperforming ones"

For what it's worth...

JT

Agree with the sentiment to run concentrated portfolio (actually it's Charlie Munger that taught that to Buffett). But how much gold does Warren own?

[Jim Nickerson]

Re: IMF to sell its Gold (That tech that Jansen Bloke)

1. Agreed, all you can do is all you can do. I'll take gold vs all others, thanks.

2. Owning gold and silver is approraite diversification, or gold and gold stocks or gold and energy..., owning gold and bonar paper is not. Diversification among winnners is awesome. His point is to NOT diversify into winners AND loosers. Why the heck would you do that? Just to be diversified?!?

Because I am no genius, and because I want to hold some bonars now because everything I might buy is too high.

[jtabeb]

Re: IMF to sell its Gold (That tech that Jansen Bloke)

Because I am no genius, and because I want to hold some bonars now because everything I might buy is too high.

Give yourself enough credit to trust your own ideas and intellect. You are no fool, don't let what other's say or do influence the validity of your own conclusions. Just make sure they are your conclusions. Vetted and deemed valid by your own intellectual investigation and challange.

Trust yourself and listen to your own idea's. Accept that others may have a vested interest in misleading you.

Don't Trust me, I'm and idiot ;)

Trust yourself.

V/R

JT

[Jim Nickerson]

Re: IMF to sell its Gold (That tech that Jansen Bloke)

Give yourself enough credit to trust your own ideas and intellect. You are no fool, don't let what other's say or do influence the validity of your own conclusions. Just make sure they are your conclusions. Vetted and deemed valid by your own intellectual investigation and challange.

Trust yourself and listen to your own idea's. Accept that others may have a vested interest in misleading you.

Don't Trust me, I'm and idiot ;)

Trust yourself.

V/R

JT

JT, you said the latter, but in my post that got blown away, I suggested such could be the case. Don't worry over my choosing whether or not to trust you.

Thank you for these words of wisdom. Somewhere over life I think I had already arrived at the point of making my own decisions and accepting the responsibility for same. I've learned nothing is absolutely safe, period.

Good luck with your adventure, I truly hope you continue to make the killing you have apparently been making and certainly hope the same for your family.

[jtabeb]

Re: IMF to sell its Gold (That tech that Jansen Bloke)

JT, you said the latter, but in my post that got blown away, I suggested such could be the case. Don't worry over my choosing whether or not to trust you.

Thank you for these words of wisdom. Somewhere over life I think I had already arrived at the point of making my own decisions and accepting the responsibility for same. I've learned nothing is absolutely safe, period.

Good luck with your adventure, I truly hope you continue to make the killing you have apparently been making and certainly hope the same for your family.

Thanks, you too.
up-day today