Where's your money today?
Gonna make any moves?
September 29, 2007
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A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
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43 comments:
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I hold CDs in various banks and when they roll over I invest most (not all) of the interest gains in SLV and/or GLD shares. Occasionally, I'll drop $1K or $2K in TGLDX shares. BTW, take a look at a 5-yr chart of TGLDX and then tell us again why gold bugs are stupid.
So far, I haven't lost a nickel. Better yet, until I cash out the TGLDX/SLV/GLD shares, no taxes are due.
Dome made em. First Discount cut, I ran for Gold and Silver. FFR and 2ND Discount cut into international stocks. I look forward to the day when America wakes up and understands that they have turned this wonderful country into a f**king Banana Republic.
moved some more into income and bond funds. will wait to see how the $200 billion that bush wants for war will impact the economy in the sprint and may take a bigger position in stocks.
Hey! is that George W. Bush??
mostly german government bonds, some euro stocks and CDs.
65% cash in a 5.3% money market account
15% US stocks held in low-fee index funds
15% bonds, mainly high coupon corporate bonds I have had for a while and have done really well lately with the rate cut
5% silver held through SLV
Doubt I'll make any significant changes in the short term. If anything I will probably sell the SLV soon as I think gold and silver are in a bubble and are due for a correction.
Anybody tht buys "income and bond" funds better look deep inside and see what they are composed of. FNM bonds are NOT backed by the US guv. MM funds are NOT FDIC insured and usually have toxic trash MBS stuffed into them.
You should consider food, energy, matals as the chicoms are still growing at a fast clip and are competing for these resources as are the Indians thanks to American jobs being swept off shore.
Another safety play is FX and I am moving to Canada which ran a surplus - the only G7 nation to do so. You can play this in your 401K via FXC. Maybe a few Canadian treasury bonds.
I have gold and Silver coins but these are getting expensive. The GLD and SLV ETFs are not tracking the physical spot. DO NOT buy into USO.
Some gold
Much more silver.
Gold, oil, nat. gas.... all long term secular uptrends with demand outstripping supply for years to come.
oil.
What use is gold? It's as much a marker of value as paper -- except for some small use in electronics that is.
I'm long hookers, blow, lead and land.
No fiat currency systems ever experienced deflation. We're on the road to hyperinflation. Here's where I'm investing:
physical precious metal bullion
"junior" precious metal mining shares
canadian tar sands
oil industry
diversified foreign
uranium and nuclear
water infrastructure
avoiding
dollar bonds
bank accounts
money markets funds
tips
ibonds
foreign fiat currency bonds
buy the dow jones AIG commodity index (symbol DJP). Great dollar hedge.
pwnd
I haven't heard a single person mention non-US stocks. I've doubled my money in 2 years in international stocks and I'm up 20% in the last 6 months which has been climbing quite a bit as of late as the dollar's been plunging.
Asian stocks have been on a tear as has been other developing nations. Not only do you get the regular real return on stock, but you get a bonus as these countries have much higher inflation (i.e. inflation pushes up nominal gains) and their currency gains against the dollar.
buying gold,silver or Canadian dollars today is like buying Las Vegas real estate.
Great if you bought it 5 years ago and sold it recently. Idiotic if you buy it today peak pricing.
Oh what's that you say? Gold will hit $1000. Sure it will, tell that to those who bought it for $850 in 1980.
It's all cycles. What goes up, will come down. What goes down will come up. Making money is knowing when to get in and out of investments. Chasing trends is for foolish people.
70% in 401k & IRA consisting of:
57% S&P 500 (VFINX)
35% Total International (VGTSX)
8% IPS (VIPSX)
11% in Taxable Stock Account:
80% Domestic Stocks (100% long)
20% European ETF (VGK)
19% in Cash & CDs:
(ELOAN.com, Emigrant-Direct.com)
Since every Western country was infected with these toxic CDO's and a housing bubble, my money is in the emerging markets and commodities. The developed countries will lower their rates and debase their currencies in order to save the banks. The pendulum is swinging in the other direction now.
I bought a couple of guns and lots of ammo. Other than that, I'm long on the Australian and Canadian markets. They have the natural resources that the Asians crave. Lots of oil, NG, gold, uranium and base metals
hard assets:
oil, gold, silver, farmland, currencies of countries producing same (australian dollar, canadian dollar)
some cash just in case we actually get a meltdown rather than stagflation and US dollar trashing
NetBank failed. Hope you don't have more than 100K at NetBank. FDIC says its allowing access from NetBank site up to 100K.
Crap like this is the biggest risk in bubble sitting. THEY WANT YOU TO PAY FOR IT.
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What money?
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10% gold, silver, and miners
30% foreign stocks
60% domestic stocks
I have a concern about the advertisement with regard to a free gram of gold. I registered per the ad. It does not appear that you can either withdraw the gold or sell it without actually purchasing additional gold.
I am sorry, but unless I am mis-staking,this is a come-on to register. I was not able to sell or with draw the one gram of gold.
I'm admittedly pretty ignorant when it comes to trading so I mainly save and invest conservatively for the long term in mutual funds. With the freefall of the dollar I've been moving my money into foreign investments via Peter Schiff's Euro Pacific.
Schlumberger (SLB)
Smith International (SII)
Check out the 10 5 and 1 year charts.
Looks like Ted Kennedy. Did the drunk slob have his license revoked after killing that poor girl?
I'm now long canons, strategic vistas, calvary, blacksmiths, and Galleons. Naval blockade anyone?
Anonymous dijo...
No fiat currency systems ever experienced deflation. We're on the road to hyperinflation. Here's where I'm investing:
physical precious metal bullion
"junior" precious metal mining shares
canadian tar sands
oil industry
diversified foreign
uranium and nuclear
water infrastructure
avoiding
dollar bonds
bank accounts
money markets funds
tips
ibonds
foreign fiat currency bonds
Can you reccommend any funds or stocks based off the above?
james: "Can you recommend any funds or stocks based off the above?"
http://www.mises.org/rothbard/rothmoney.pdf
http://events.onlinebroadcasting.com/denvergold/
092407/index.php?page=redirect
http://financialsense.com/fsn/main.html
Anonymous さんは書きました...
buying gold,silver or Canadian dollars today is like buying Las Vegas real estate.
Great if you bought it 5 years ago and sold it recently. Idiotic if you buy it today peak pricing.
Oh what's that you say? Gold will hit $1000. Sure it will, tell that to those who bought it for $850 in 1980.
It's all cycles. What goes up, will come down. What goes down will come up. Making money is knowing when to get in and out of investments. Chasing trends is for foolish people.
September 29, 2007 7:29 PM
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Since gold only actually traded at $850 for a single day in 1980, there are very few people who would have bought at the very peak. Also, that peak, adjusted for inflation, even using the fraudulently low BLS figures, is well over $2000 in 2007 dollars. So how far along an up-and-down cycle could we possibly be when an ounce of gold can be obtained for a mere $743 FRNs? In many ways, the economic situation the US is faced with is far worse than the 1970s. Maybe you better get some gold while you can still afford it.
buying gold,silver or Canadian dollars today is like buying Las Vegas real estate.
Great if you bought it 5 years ago and sold it recently. Idiotic if you buy it today peak pricing.
Long term I have NEVER lost money on silver... I bought some at $8
thinking I would lose my ass, now it's headed to $14.
Yeah, what money?
'Cause I'm just a no-hoper renter who deserves to be poor and never afford to buy my own home.
anon said: I have a concern about the advertisement with regard to a free gram of gold. I registered per the ad. It does not appear that you can either withdraw the gold or sell it without actually purchasing additional gold.
I am sorry, but unless I am mis-staking,this is a come-on to register. I was not able to sell or with draw the one gram of gold.
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Of course it is. However that does not mean its a bad idea. You cannot really expect them to send $23 dollars to anybody who clicks on the website can you?
I am a customer of BullionVault and I am very happy with them. They are very easy to deal with and quite responsive to calls and emails.
IMHO you would be wise to fund the account, buy more gold and let it sit there.
Oh yeah. Buy it in the swiss vault. We all know what happens to physical gold in the US when the economy tanks.
How are stocks (companies) going to continue going up during a hyperinflation cycle?
I don't think buying stocks right now is a good idea when we're headed for a severe recession/depression.
Gold & silver is the way to go, however, I'm thinking even gold will drop - at least in the short-term because assets will be sold to pay off leverage/debt.
Toilet paper and laundry detergent. Kinda goes along with death and taxes. Sure things!!
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Recently bought 1oz of gold!
Hey, everyone seems to think it will buy a house!
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Gold/silver stocks, ETF's are great........in a perfect funtioning world.
But, remember they are paper first,
isn't the idea (especially in turbulent times) to be in possession of physical metal?
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Paying off my mortgage to get the lowest principal possible when my loan resets in 2010. I highly doubt I'll get 5 year 4.5% again. Probably like 8-9% range.
Aside from that, just keeping my house in tip-top shape. If it loses value, it might as well be a place I want to keep living in. All end-of-the-financial-world talk aside, I plan on living in my house for at least 15 more years, and I should have it paid off in 5-6 or so.
slowly getting out of the dollar, got gold, silver, and global ETF's. Also buying currency, Japanese yen
I am 50% in vanguard international index funds, global equities, 20%Metal Miners (FCX,X, Newmont, Norilsk) 10% XOM, the 20% cash to pick up international stock plays, which is my play money for market trends. Its cheaper than Vegas and I enjoy the recreational aspect of the market.
I wish I were as smart as the returns would indicate, but return on investment is never based on IQ. Just work hard and place your best position, and stick with your own strategy. Its your money, and no one else cares as much as you should about winning or losing in a dealer biased casino called the stock market. IMHO The house will always win unless you take your gains off the table on your own terms. Set up a target rate of return, say 15%, and when you reach it, take out your original investment and let the game go on with the houses money!
cd's spread across enough banks to keep me fdic legal. I also have a couple of months wages in a safe at my office.
I agree that unless you did the foreign stocks in the past, now might not be the time. When the euro crashes, it's crash harder than the dollar. Countries may withdraw, Italy will flip out, it's gonna be a mess. I think the EU is barely hanging in there.
I am very leary of things like goldvault or whatever it is called. How do you know it's really there? No, really really know.
50% gold (bullion)
50% silver (bullion)
6 months living expenses in cash
that's it! simple!
...some pretty good pov's here...I cannot stress enough - your Money Market fund could be loaded w. CDO's...my fidelity one is, so I dumped it...the are not FDIC insured either....spread my risk around with CD's.....several years ago bought the EURO, small amount of gold stocks, BRIC and lots of oil...who knows...but get your cash into a decent bank....check out: veribanc.com I am a customer...they rated Country Wide, E-Loan and Netbank very poorly before August, so atleast I didn't park there....so check it out..I notice that banks that are in or near trouble are advertising very high intrerest rates so be skeptical.
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