Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Howdy,
I'd be careful speculating - at least until there is some upside movement. If he's correct and it rallies 30%, there will be plenty of time to climb aboard.
That said, like Ron [nice name, what], I'm not talking about a core pm investmen…
Howdy,
"Underlying land" is a huge issue in the real estate arena, going back to Ray Kroc. The story goes that he had given a lecture to some MBA students and they invited him out for a beer. Over suds they asked about the restaurant business to…
Howdy,
Hank was spot on, as were the others. Real assets can be in the form of equities (i.e. natural resource funds), or the actual commodities themselves, also available in funds and ETFs. The former consists of stocks of companies involved in…
Howdy Doc,
I'm with Mark. I still accumulate but speculating in this market in the near term is borderline suicidal Recall that historically, commodity bull markets range from 13-15 years. The bull market in gold has been running since 2002 [ro…
Howdy,
Whilst not thinking of St. Peter FLA, how about we talk about FLA? Seriously, if there was a way to short an entire state, I'd think long and hard and perhaps take a wee flyer.
I realize that things are messy Up in Michigan, but Florida?!?…
Howdy,
Whelp, for the Santa Claus rally, should one occur, you want to be into your 'all in' position this coming Black Friday.
and so it goes,
peace,
rono
Howdy,
Whelp, not surprising that folks feel strongly about the ACA - considering all the bs circulated by both sides of the issue. My main problem with the ACA is that it did not go nearly far enough and was a sell out to big pharm, the AMA and t…
Howdy,
After getting realigned, I've got mo plays on in the silver juniors with ASM, SVM and MGN. Also picked up a little VA - Branson's a winner.
peace,
rono
Howdy,
A lot of this stems from two things - 1. There have been counterfeit ingots show up here and there during audits at some of the major depositories. 2. There is the issue with the amount of paper gold to the actual amount of available phy…
Howdy,
Yeppers, the basic bullion ETFs are taxed as collectibles at 28%. This is very much an ouch and limits these funds, at best, to deferred or exempt accounts.
For taxable accounts, the Central Fund of Canada CEF is taxed normally. It cont…
Howdy Max,
Hope you're doing well.
There has been a lot of talk in recent years about market manipulation and counterfeit ingots but more importantly, that the amount of 'paper' gold greatly exceeds the amount of real gold. Now, keep in mind th…
Hi Ted,
Hope you're doing well.
aaaargh, it's a lack of demand side economics since the bush tax cuts. too little at the bottom of the income ladder where the MPC is 1. Translates into not enough peeps buying widgets so no one is needed to mak…
Howdy all,
I've been moving 401's to rollover IRAs since early 2000 (yeah, before the dot.com meltdown).
The board has covered all the nasty little details, so I'll go back to the original question.
If they're happy with fido move one set of ac…
I don't see a problem with TGLDX, as a miners selection. Something I'm missing?
Howdy,
I've owned TGLDX for years taxable. Good fund. Mostly miners but has some bullion unlike the vast majority of funds.
http://tocqueville.com/insights/john-hat…
Howdy,
I went to Vietnam in 1968 having never smoked pot. I was RADAR O'Reilly for Alpha Company, 1st Reconnaissance Battalion, 1st Marine Division for 20 months. Being the record keeper, so to speak, I was quite observant. I noted two things ab…
Howdy,
Up in Michigan, we've had legalized medical for 7-8 years. Patients able to grow up to 12 plants and caregivers able to grow the 12 plants of up to 5 patients. The biggest problem we've had is that there was no provision for connecting p…
Howdy all,
Scott put it best above in response to Anna. The amount paper bullion far exceeds that of physical. Does this present a problem? Probably not. However, there are quite a few in the investing world that do see it as an issue. This…
Hi Tony,
Actually, not only can you but it's much easier than trying to own actual physical bullion. You can do that in an IRA but it's very complicated and there are easier ways to get precious metals into your IRA - both bullion and miners.
E…
Howdy,
Points all well taken. However, I simplify the vetting process by starting my dividend portfolio with my utilities. CMS, DTE, FTR and T are paying 3.3, 3.3, 6.2, and 5.3. Oh, and I throw in a healthy stinking dose of NCV (11.7) in every e…
Howdy,
Both China and particularly India have long used gold jewelry as sort of their social security system for women. Dowry, all holidays, etc. China has gotten involved because of their nouveau riche wanting bling. Both of these serve as a f…
Howdy,
Indeed, bullion ETFs are purely PAPER bullion. CEF is an exception - or Sprotts stuff. Also, bullion ETFs are taxed at 28%.
As for storing physical bullion, sure it's an issue. However, a roll of gold eagles is about 2" tall and the size…
Howdy,
Take your classes before you buy. 9mm is plenty of slug. Glocks sit wrong in your hand. Most of the carry junkies around here prefer the Sig Sauer. What you'll want to do is during and after your training, go to a shop with an indoor ra…
Howdy folks,
I'd be very careful folks. $1100 is the next stop for gold and $15 for silver. Is this a buying opportunity? Sure - depending upon your individual situation and goal. I've always looked at the precious metals in two ways - as an i…
Teehehe ;-)
Whelp, two years ago as I told the folks up here in Michigan, I'm running for office as a REAL republican -fiscal conservative (pay the damn bills and no debt), socially tolerant like I learned in bible school and like a good libertari…
Hi Dan,
I lurk more often than not. Now that I've moved this money into a user friendly brokerage account, I'm going to have to play a bit if for no other reason than sh*ts' and giggles. Hope you're doing well. I've been hugging trees up in Mic…
TB,
Thanks for the kind words. Alas and alack, I'm but passing on stuff I leaned at the knee of some very old timers several generations of this board past. That said, sit tight and settle in to MFO. There are a lot of very smart boys and girls …
Howdy folks,
Can't disagree with TB or many of the others. If you want to make the most money you don't diversify but concentrate your investments. If you want safety you do diversify. As with most black and white choices, the answer is somewh…
Howdy folks,
Interesting article and approach to a miner ETF. It will be curious to see how it actually performs. The gold/XAU ratio is 16.71 (this is where the author talks about mining stocks undervalued relative to bullion). Note that histori…
Hi Mo,
Interesting. In the north west part of the Upper Peninsula, is what's called Copper Country. Mined it there until it got too deep to be cost/beneficial. It is what is known as float copper that people still find today.
https://www.googl…
Howdy all,
Correction to my suggestion. Seems that there are LOTs of people with temperatures for many different reasons and this would be too large a sweep. Hell, my brother told me about an old man with a urinary infection that interviewed beca…
Howdy folks,
Why not start taking the temp of all BOARDING passengers on int'l flights. Anyone running a fever of let's say, 99.5 or greater DOES NOT BOARD. I don't care if it's Ernie Ebola or your snot nosed kid. Anyone bounced, anyone in thei…
Thanks folks,
All great suggestions that I will heed. PRWCX has been great for years. Core type fund.
As mentioned, wifey has her rollover there and I had a traditional IRA there for about 10 years.
Whence I get it set up, I'll share with y…
Howdy,
Just another monopoly to fall due to technology. Look what's happened to the telephone industry?
peace,
rono
I'm probably in the minority, but I take a different view of the telephone industry. Ma Bell was granted a monopoly and a r…
Howdy,
Just another monopoly to fall due to technology. Look what's happened to the telephone industry? how about recording and music? look at the professions that have disappeared - secretaries? travel agents?
Some of this is simple progress …
