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Re: hello, here's my story
Old 12-05-2005, 09:34 PM   #21
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Re: hello, here's my story

Nords: "Shorting CEF." Sounds like a 'pile off' to me. I'm ready to buy on the dip just like you.

NYCGuy: Re: #4. I own a small position in PSAFX, a foreign bond fund containing mostly short-term AAA bonds (and a wee bit of PM shares). Last time I looked it held Singapore, Swiss, and Icelandic gov't stuff, etc. I'll enlarge my position before the US$ collapses--I hope (for the good timing, not the actual collapse). It's a good parking spot to wait out an on purpose accident. I think the $ will stay strong for quite a while, everybody is vested that way. But it may be quick when it does fall.

So, to me holding GLD or CEF is a natural play abainst the US$ because it is priced worldwide and seems to rise and fall with an uncanny understanding of absolute value. Whatever that means. Plus it has an emotional component (reacts positively to fear) that seems perfect for trading. Why is it over-valued? Just because it rose? Maybe it didn't go up, maybe all the world's currencies are just becoming worthless together and a few more people are catching on, buying something that will hold its value? Or do you think the $ will rise against it?

Maybe I've just been doing this stuff for too long .
Compounding: Never forget! Never not remember!
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Re: hello, here's my story
Old 12-06-2005, 03:35 AM   #22
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Re: hello, here's my story

Originally Posted by HaHa
Good luck trying to assure lifetime financial security for a 27 year old. Unless you are truly rich, plan to die with your boots on.

This is like trying to fund three retirements. One for you, and two back-to-back for your wife. Like the man said, you'd better be really rich.
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