zengrifter
Banned
You guys are all speculating on MONOPLY MONEY -- PAPER CRAP churning through a bankrupt global casino.Mimosine said:
How much of your portfolio is in SILVER, GOLD, and select mining stocks (ie, REAL MONEY?) zGOLDBUGg
Stocks
- Thread starter moo321
- Start date
How much of your portfolio is in SILVER, GOLD, and select mining stocks (ie, REAL MONEY?) zGOLDBUGg
Brock Windsor
Well-Known Member
If you like the industry long term the IXG might be a good way to play them in keeping with your index strategy. It's a global index of financials so there is less weight to the US banks.Mimosine said:
BW
Brock Windsor
Well-Known Member
So is it all monopoly money? What will happen to gold and silver if it comes out that there's not enough of the commodity being held in reserve to back up all the ETF's and Egold being sold? The system needs an overhaul to valuate gold/silver/oil vs the US dollar index instead of straight up against the US dollar. Either way gold/silver are still speculative plays IMO rather than demand driven. Im a big bear on the US dollar but I'd rather hedge inflation with rice, copper, and foreign currencies than gold or silver.zengrifter said:
BW
moo321
Well-Known Member
This is the "efficient market hypothesis". It's fine if you believe it, but I don't, especially not in small cap companies. People are sheep, and many companies have cyclical earnings: a fact that the average investor does not know. Buy what's down but will recover, sell what's up but will tank.Brock Windsor said:
I also don't have a problem with index funds, but as an individual you can outperform the index funds if you put in the time.
N&B
Well-Known Member
ZGoldbug
raises his hand "I do". I remember 1974 to 1980. 2001 and 2002 looked like an opportunity, and dove in early 2003. I agree, its all otherwise paper, especially the mind-numbing ETF's. No better way to kill a good stock than to group it with a dozen friggin loooooozzzzers.
raises his hand "I do". I remember 1974 to 1980. 2001 and 2002 looked like an opportunity, and dove in early 2003. I agree, its all otherwise paper, especially the mind-numbing ETF's. No better way to kill a good stock than to group it with a dozen friggin loooooozzzzers.
zengrifter
Banned
Silly - the commodity (silver) "price" will just increase exponentially.Brock Windsor said:
Some funds will go bust, while eGold is already backed by metal. zg
Brock Windsor
Well-Known Member
I hope so. But my concern is that if speculating on ETF's has driven up the price, once people realize their ETF doesn't hold enough of the actual commodity (don't forget these guys sell portions of the commodity held in the ETF to finance operations), everyone could start running for the exit. The ETF's in turn have to start dumping the silver/gold they have onto the market quickly to payout everyone who is cashing out...this in turn increases supply on the market and drives the price down further until it finds a bottom. If the silver is demand driven, the price should hold. Im just afraid a lot of folks hold paper for a position that may not have the commodity to back it up.zengrifter said:
BW
N&B
Well-Known Member
I thought to update my positions now that fear has gripped Wall St.
22.2% Gold (been adding under $800) (45 T oz.)
36% 2000 sh. ACAS is all thats left (and doing well as of this writing) of Stocks
Added another 1000 at $19 to original stake of 1000.
13.3% 1000 sh. LUV bought at 14.25 has cleared. Last transaction.
28.5% cash.
22.2% Gold (been adding under $800) (45 T oz.)
36% 2000 sh. ACAS is all thats left (and doing well as of this writing) of Stocks
Added another 1000 at $19 to original stake of 1000.
13.3% 1000 sh. LUV bought at 14.25 has cleared. Last transaction.
28.5% cash.
moo321
Well-Known Member
I was thinking about buying some financials BEFORE the bailout, but now I don't like it. Gold looks good, secular growth stocks look good (P&G, Coke) healthcare stocks look good too. Maybe some chemical or industrial companies. Stay away from financials for awhile, it's just too volatile. You can hold a perfectly good stock, that's beating expectations, and still lost your shirt. It's too irrational for me to want to invest in any financials.
This bailout may hurt the dollar, as well. Foreign stocks are probably good. Maybe even bonds in other currencies to hedge against the dollar, and get some decent returns until the world stops ending. Stay the hell away from treasuries, or US corporate bonds.
Put more money into your blackjack bankroll, or fund someone else's team. Casinos are empty as hell, and giving away all kinds of free stuff to get butts in the seats. Great time to be a card counter.
This bailout may hurt the dollar, as well. Foreign stocks are probably good. Maybe even bonds in other currencies to hedge against the dollar, and get some decent returns until the world stops ending. Stay the hell away from treasuries, or US corporate bonds.
Put more money into your blackjack bankroll, or fund someone else's team. Casinos are empty as hell, and giving away all kinds of free stuff to get butts in the seats. Great time to be a card counter.
N&B
Well-Known Member
It is volatile indeed... got stopped out of ACAS this AM. Dropped $1.50 and cleared me out at +$7/share. I was hoping for a bit more stability, but can't get everything I want. (ACAS off $2+ right now)
In fairness, the business of business will continue, and start-up capital and Sm Bizz loans originate with co.'s like ACAS. Thats why I like them long-term... and they books 'look' solid enough.
In fairness, the business of business will continue, and start-up capital and Sm Bizz loans originate with co.'s like ACAS. Thats why I like them long-term... and they books 'look' solid enough.
Brock Windsor
Well-Known Member
You can't just write off 700BN dollars and not devalue your currency. My thoughts are that this bailout is the wrong idea at the wrong time. I don't think there has ever been a more obvious time then now to hedge against the dollar to protect your buying power. I like high interest currencies and a few commodities but anything has to be better than the Greenback.moo321 said:
BW
I trade mostly index futures now. It's highly leveraged but at the same time I pay a lot less in capital gains than someone who only invested in stocks does. Reason being is, all trades with futures are taxed at the long term capital gains rate. It's kinda fun since I just predict which way the market is going and don't have worry say about a drug stock coming out with bad news in regards to phase III trials in afterhours, followed by the stock tanking 40% and being able to do nothing about it. You can also trade futures 24 hours a day.
If you're not making more than 10%/year in this market, you can take advantage of the banking crisis by lending regular people like you and me money at prosper.com. As someone who has done it, I can tell you it's pretty secure as long as you stay away from high risk loans and only loan to people with good credit and low debt to income ratios. If you decide to do it, let me know so I can refer you and we both can get extra cash.
If you're not making more than 10%/year in this market, you can take advantage of the banking crisis by lending regular people like you and me money at prosper.com. As someone who has done it, I can tell you it's pretty secure as long as you stay away from high risk loans and only loan to people with good credit and low debt to income ratios. If you decide to do it, let me know so I can refer you and we both can get extra cash.
Maybe we should start a
prosper type thing in the room.. Maybe call it the Sicilian International Collection Konglomerate or SICK for short and that is what you will be if you miss a payment - very sick !!!!!Maybe get two fingers Tony , Machinegun Militello, and greaseball Garagiola to sit on the board to give it a little weight as well .Have a nice rate of 6 for 5 paid weekly which gives us a nice return on the money of 1,100 % annually before compounding . Course we would have late fees, collection fees , and maybe sell health insurance in case they forget to pay . needless to say the health insurance would be paid by the borrower from one of our subsidiary companies . We could also set up another company to handle swag , diamonds , jewelry, platinum , sliver bars , gold bars , gold coins , and other things are customers might find or have access to ! Rare art , oriental rugs , art glass, etc etc etc !!!!!!!
:grin::laugh::cool2:
prosper type thing in the room.. Maybe call it the Sicilian International Collection Konglomerate or SICK for short and that is what you will be if you miss a payment - very sick !!!!!Maybe get two fingers Tony , Machinegun Militello, and greaseball Garagiola to sit on the board to give it a little weight as well .Have a nice rate of 6 for 5 paid weekly which gives us a nice return on the money of 1,100 % annually before compounding . Course we would have late fees, collection fees , and maybe sell health insurance in case they forget to pay . needless to say the health insurance would be paid by the borrower from one of our subsidiary companies . We could also set up another company to handle swag , diamonds , jewelry, platinum , sliver bars , gold bars , gold coins , and other things are customers might find or have access to ! Rare art , oriental rugs , art glass, etc etc etc !!!!!!!
:grin::laugh::cool2:
N&B
Well-Known Member
And I thought Check-cashing stores :eyepatch: and payday loans :whip: we're bad news sheeez. Those almost look legit. :laugh:
Separately: I toe-dipped into some SW Air at $11.50. Few hunerd shares... nothing serious. Of my watch-list, both RR's and LUV look attractive as fuel prices drop. I can't say that about others.
Thought on todays wild market activity.... two words.... Margin Call !
Separately: I toe-dipped into some SW Air at $11.50. Few hunerd shares... nothing serious. Of my watch-list, both RR's and LUV look attractive as fuel prices drop. I can't say that about others.
Thought on todays wild market activity.... two words.... Margin Call !