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Hey Queen Martha
Old 03-30-2006, 10:42 AM   #1
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Hey Queen Martha

The lowly throne-polishing boy (AKA Greg) must be thrilled with the action in gold and silver lately.

Note to the throne-polisher: its not too soon to take some profits and let the Queen retire. Maybe she will upgrade you to serf.
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Re: Hey Queen Martha
Old 03-30-2006, 07:49 PM   #2
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Re: Hey Queen Martha

Quote:
Originally Posted by brewer12345
The lowly throne-polishing boy (AKA Greg) must be thrilled with the action in gold and silver lately.

Note to the throne-polisher: its not too soon to take some profits and let the Queen retire. Maybe she will upgrade you to serf.
The self proclamed Prince of Snides says you're wrong. About what, I don't know.
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Re: Hey Queen Martha
Old 04-02-2006, 11:47 AM   #3
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Re: Hey Queen Martha

brewer,
my precious metals funds done well. Any idea if now is a good time to take some profit?
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Re: Hey Queen Martha
Old 04-02-2006, 11:52 AM   #4
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Re: Hey Queen Martha

Dunno, since we are in uncharted territory. But nobody ever went broke paying cap gains taxes, if you know what I mean.
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Re: Hey Queen Martha
Old 04-02-2006, 12:09 PM   #5
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Re: Hey Queen Martha

Yep, a lot of people get rich by selling too soon.

I dumped all of my precious metals a few months ago. I see nothing to support these prices.
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Re: Hey Queen Martha
Old 04-02-2006, 12:19 PM   #6
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Re: Hey Queen Martha

Hmmm

I sold mine in the 80's and early 90's - does that count?

Oops! - still have 10% interest in a patented mining claim in CO and some gold, platinum and silver coins in the safety deposit box - keep em cause they look purty.

heh?
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Re: Hey Queen Martha
Old 04-02-2006, 12:28 PM   #7
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Re: Hey Queen Martha

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Originally Posted by unclemick2
Hmmm

I sold mine in the 80's and early 90's - does that count?

Oops! - still have 10% interest in a patented mining claim in CO and some* gold, platinum and silver coins in the safety deposit box - keep em cause they look purty.

heh?
UM, I sometimes idly wonder what the hell we will do with all the "commemorative" coins dad has when he is gone (hopefully many years hence). He hasn't done anything with them since he bought them many moons ago, and they just sit in the garage. They are purty, though.
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Re: Hey Queen Martha
Old 04-02-2006, 12:36 PM   #8
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Re: Hey Queen Martha

CFB,
we a printing a lot of paper and I feel a bit queezy about that so I might keep my metals a bit longer but you point is well taken.

A few cap gains might be in order.


Yeah, I'm gonna buy a few Freddy Krugers one of these days.
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Re: Hey Queen Martha
Old 04-02-2006, 12:37 PM   #9
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Re: Hey Queen Martha

Quote:
Originally Posted by brewer12345
UM, I sometimes idly wonder what the hell we will do with all the "commemorative" coins dad has when he is gone (hopefully many years hence).* He hasn't done anything with them since he bought them many moons ago, and they just sit in the garage.* They are purty, though.
Hey, I'm keeping all my bicentennial collectibles to sell on eBay just before the tricentennial...
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Re: Hey Queen Martha
Old 04-02-2006, 01:08 PM   #10
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Re: Hey Queen Martha

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Originally Posted by OldAgePensioner
CFB,
we a printing a lot of paper and I feel a bit queezy about that so I might keep my metals a bit longer but you point is well taken.

A few cap gains might be in order.


Yeah, I'm gonna buy a few Freddy Krugers one of these days.
I hear the arguments where paper money flies apart and metal is your coinage.

My thinking is if the stuff happens that makes that true, some lumps of gold will be worth a lot less than a gun and a dog.
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Re: Hey Queen Martha
Old 04-02-2006, 01:11 PM   #11
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Re: Hey Queen Martha

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Originally Posted by Cute Fuzzy Bunny
I hear the arguments where paper money flies apart and metal is your coinage.

My thinking is if the stuff happens that makes that true, some lumps of gold will be worth a lot less than a gun and a dog.
Yeah, I don't think gold will be all that useful in a real disaster. can't eat, drink it, or use it to wipe your ass, what good is it?

But if we see the USD drop 20 to 50% in a couple of years, hard assets will look pretty good. Likelihood? THERE'S the tough part to figure out.
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Re: Hey Queen Martha
Old 04-02-2006, 01:19 PM   #12
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Re: Hey Queen Martha

Like I often say...I dont think the value of cash or how much gold we have will be our biggest issue if the US economy hits that big of a hole.
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Re: Hey Queen Martha
Old 04-02-2006, 01:23 PM   #13
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Re: Hey Queen Martha

CFB,no need for a gun or dog. Just get this guy.


WARNING: Do not watch the end of this. I'm serious. They show the guys eye and it is ruptured. DO NOT WATCH COMPLETE VIDEO.

http://www.vsocial.com/video/?d=728
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Re: Hey Queen Martha
Old 04-02-2006, 03:12 PM   #14
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Re: Hey Queen Martha

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Originally Posted by brewer12345
But nobody ever went broke paying cap gains taxes, if you know what I mean.
This is for sure true. Still, commodity bull markets can be huge, and IMO if you get in early and thus have some early profit cushion, it may pay to keep at least some part in the position. I have no mystical feeliings about gold. But I think that when I bought gold equities back in '99 and 2000, it would have taken a lot of bad luck for me not to have made money. I did get smacked in '97 when I got onboard too soon.

It was hard to buy gold when all the news was how much was this or that central bank going to sell in the next gold sale. Still, though you can never say why, you can almost always say that when a market gets this bearish that it will likely turn, at least for a while. Monetary gold may or may not be a "barbarous relic", but it sure makes nice jewelry. There are 3 billion women n this world, and more born every day. Most of them look very pretty with a gold choker.

And this bull market may not have gone very far yet. Letís chop the old $800+ high down to $600. That was a wild time, and that spike high may not be valid. Then adjust that $600 for CPI inflation. We wind up with an adjusted high of about $1400. Our current price is still less than $600. Meanwhile, other hard assets such as houses have increased much faster than CPI inflation over this same time, especially over the past 7 or 8 years.

So letís not be premature sellers; much of the fun may lie in the future.

Ha
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Re: Hey Queen Martha
Old 04-02-2006, 04:15 PM   #15
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Re: Hey Queen Martha

Folks & you too Brewer:

http://www.safehaven.com/article-4898.htm

This guy is a bit kinky, but I like his numbers and charts.

You guys may not understand what a conservative money-play gold is. Some keep squawking about how it has reached its peak and can only go down. Gold peaked near $650-$850 during the last inflationary times of the late seventies-early eighties. Actual CPI inflation since that time has doubled. For gold to just reach its old high would require $1300-$1700 AU. Hummm! I think we're in a commodities bull run right now too, just like the last inflationary period. I haven't fully invested in it, the commodities bull run, because I think a recession is in the near future :. If it happens, the gov't will pump like there's no tomorrow. Business and buying may slow down, but when gold gets wind of more pumping and loose money, look out. To the moon, Alice. It is, pure and simple, a play against the dollar and, to a lesser extent, a play against all the other craziness now occuring in the world.

Of course, if you think things are just normal and everything going on in the world is just peachie-keeno,especially regarding financial events, then I wish you luck, especially if you think the gov't is going to stop printing money and reform itself soon.

Silver is doing especially well . But that's so volatile I wouldn't recommend it to anyone. I'm waiting for another dip to reload trading shares.

--Greg, the fellow who just hates any part of a fat bell curve.
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Re: Hey Queen Martha
Old 04-02-2006, 05:59 PM   #16
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Re: Hey Queen Martha

Greg

Romance - that's the problem - clouds my judgement. Growing up out West - physical gold, silver, platinum, semi precious stones - feed part of my subconscious -?whatever.

Hence - will probably always own some - try to treat it as a hobby and my balanced index ER portfolio as real or 'working money earning my living".

Take the same view toward my small timberland holdings.
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Re: Hey Queen Martha
Old 04-03-2006, 07:21 AM   #17
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Re: Hey Queen Martha

I don't necessarily disagree that we may be early on in a commoditoes bull, but I'd rather have diversified commodities exposure than a narrow bet on gold. But I don't think I will be able to convince the goldbugs, especially with the mon waxing.
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Re: Hey Queen Martha
Old 04-03-2006, 09:42 AM   #18
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Re: Hey Queen Martha

UncleMick: I found this old article for you.

http://www.financialinsights.org/Art...cle03-1105.asp

Brewer: I still think a gold or precious metals exposure of 5%-10% is prudent. My conservative play is mostly raw metal such as GLD which decreases the chance of unmanagable swings in price so one isn't shaken out. Plus, the returns seem to be much better than US (AAA) bonds--lately . I see this as continuing for as long as people think every this is wunnerful, wunnerful--or much longer. The new silver etf that's on its way is interesting. Pimp my silver. .

--Greg
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Re: Hey Queen Martha
Old 04-03-2006, 11:11 AM   #19
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Re: Hey Queen Martha

Greg!!!

Quit posting that STUFF!!!! I have already got a coin book from the library.

Looks like I've been bit again. Now to recapture the old romance.

Sigh! - What's next? A few mining stocks in my brokage account??

heh heh heh heh heh

P.S. I only cracked once on the cruise - a faceted unmounted fire opal.
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Re: Hey Queen Martha
Old 04-03-2006, 01:33 PM   #20
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Re: Hey Queen Martha

Quote:
Originally Posted by unclemick2
Romance - that's the problem - clouds my judgement. .
Unclemick: I think I understand your problem:

It was a dark and stormy night. Gweneth rose and daintily stepped toward the bed. She bent forward slightly at the hips, and reached down toward the the piping at the edge. Her fingers gently caressed the silken gold and silver embroidery that surrounded it . . . . Rothbard approached from behind.

Oops, wrong forum. I'm waiting for Novagold to dip below $12, maybe $10, sometime this summer.

--Sir Apocalypse . . . um . . . (maybe or maybe not) Soon.
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