About me and how/why I arrive at SA... I am a small business owner who started with nothing and labored, along with my wife, for many long, lean years while raising a family. Working 14-16 hour days was the norm, 24 and 36 hour shifts were sometimes necessary for survival. We worked all weekends, holidays, and were unable to take vacations for a period of 15-20 yrs +/-. My point is not to paint a "woe is me" picture. Rather simply to help others to understand how and why I feel extremely responsible to guard and handle our little nest egg properly as a good steward of the limited portfolio we now have acquired through so much hard work and good money management. I probably have above average understanding of overall investment strategies compared to the "average Joe"....fortunately, I realize that puts me somewhere between totally ignorant and knowing just enough to hurt myself! I desperately need the advice of good people who I can develop a trust in over time. Today, as I write this, markets are pretty much at an all time high. I feel certain that a major correction is near, and that, combined with the dissatisfaction of my portfolio manager in recent years has led me to convert to cash and close out the account. I now want to take a more involved/proactive position with our portfolio. My thinking is to sit 30% metals, 15-20% stocks (heavy toward mining right now) and the balance in bond funds. I am comfortable with 2-5 years on the metals and stocks, with the bond funds being watched carefully and ready to move! An important note for me: We have never in history experienced anything like the mass printing of "monopoly" money we are seeing today! I have no idea what the outcome of it will be, other than it can't be good...I doubt anyone does, but we need to speculate and move according to what gives us peace of mind and some hedging. Final thought...Never in American history have the moral "lines in the sand" been so rapidly erased...even scarier is that society seems to support and encourage this trend! You need not understand ANYTHING about investments to see this truth...Never in the history of mankind has any empire ever survived it's own moral corruption within. We will NOT be the first . We must change our ways and "return" to God and our biblical roots, with clear moral guidelines. ~There is still time...if we do...He will heal our land....if we do not, we will be left on our own, where God need not punish us, but simply remove His protection and blessings while we self destruct...pray that we "return"... personally and as a nation! In the meantime a "transference of wealth" will take place over the next few years like the world has never seen...in my humble opinion. Most will say I am crazy, but humor me, and assume for a moment that I am correct...how then does a good steward position himself financially in order to capitalize through 2013,14,15....input welcomed, March 22, 2013 Respectfully, Buck
I currently have a 15 year mortgage on my home @ 3.75% with around 11 years left on it. My goal,and I know it's different than almost everyone else's ,is to have an Oz. of gold or 50 Oz. of Silver for each remaining month of the mortgage. That gives me some peace of mind,and I don't worry about daily fluctuations of the Precious metals prices. The good thing is that i'm working on both ends toward the middle and my break even point is not that far away. Sound crazy? I like the way it works at any rate.
FMI : 115 GLD is about $1200.00 spot gold price :)
1) This was a post I read on SA by another poster.It's concerning Inflation,Keynesian economics and governments that continue to fail the people.
Written by Kgroeppe :
" The Fed has engineered a 97% depreciation in our paper currency during its century of incompetence and fraud, i.e., it has defrauded the working class out of much of its hard-earned money. Since 1999 the process has accelerated with repeal of Glass-Steagall. How long will it take to go the rest of the way? When the Roman gold coin reached .5% Gold content, the empire collapsed, not only economically but also socially and politically. Many people who should know better believe that we can merely substitute another currency and be back in the race again. That is not the way it works.
When an economy collapses, there must be some entity to pay the bills. With a country like Argentina or Mexico, the big banks and the world economy take a hit, but it is small and causes no more than a blip in world economic activity. When an economy the size of ours collapses, it takes the whole world economy with it. With that goes the social and political structures also, because by that time the populace has completely lost confidence in everything, and does not know what to do.
So what can we do? One fact we do not normally learn in history classes is that when Rome "fell" it was followed by Persia, India, China and the Arab countries. Only one government did not follow suit - The Byzantine Empire. Why? Because around 1100 the Byzantine Emperor Alexios I Komnenos did something no other head of state in history has ever done. The Byzantine coinage had gone from gold to silver to copper to base metals with its accompanying inflation, such as we are seeing now. By this time Alexios was in power, and he must have seen what was going on in the world around him, and he restored 100% gold coinage. The Byzantine economy was restored to health and the Empire lasted another 350 years when it was conquered by the Turks.
Why can't we learn from Alexios? The change will involve some pain for everyone, but that is far better than what will happen otherwise. Do we want to leave behind us a healthy civilization ready to go another 1000 years, or do we want to leave only ruins? Time is running out, and that is one matter we cannot afford to put off.
If our civilization does collapse,we can count on from 200 to 500 years to restore some kind of order. Until then we will be more like Somalia than Zimbabwe, ruled by warlords. This is no scare tactic. This happened around 1200 B.C. and again after the demise of Rome. We have overly romanticized the "nobles" and "knights" of the Middle Ages, but closer study reveals that they were warlords with their armed retinues. Is this what we want our legacy to be? We can joke about it and make puns on Yellen's name (I certainly have done my share), but we need to abolish the Fed and come up with better economists than we have now advising the government. They are what I call fake economists, because they have mindlessly embraced Keynesian economics. John Maynard Keynes did not invent Keynesian economics; the Romans did, and look where it took them.
In 1835, Alexis de Tocqueville stated that the greatest threat to democracy was people voting themselves too many perks. We now know the truth in his statement, and it is time for us to adopt a more altruistic attitude, and admit that we have to pay for those perks, and begin to try to get this economy back on its feet. The past 6 years should have taught us an important lesson. If it hasn't, then we deserve whatever history has to dish out to us, and if we do not act now, that reckoning will be coming much sooner than we realize right now.
By the way, there is one economic lesson I can impart here, which has great pertinence in the here and now. We are told that inflation is running about 1.5%, but the figures used to compute this figure are selected. Inflation manifests in three ways:
A. increase in prices
B. decrease in quantity
C. decrease in quality
Have you looked at the size of the containers of food you buy in the grocery, or have you noticed the quality of cloth in your most recent clothing purchases?
Now you can decide how serious inflation is at present."
2.. When it comes to dealing with the government and particularly the present Obamacare TAX you to death administration,my favorite thought comes from Larry Gatlin of the Gatlin brothers. "You take your dog to a Veterinarian who also happens to be a Taxidermist ,no matter whether your dog gets better or not you will get your dog back" Gotta love the logic in that :)
3. A Collateralized Debt Object CDO is a perfect example of how bubbles occur.Gold may have paper bubbles created ,but Gold itself is not a bubble.If it reflects the market of paper trades that become bubbles ,it will be a safe haven in times of crisis .
.Paper trades of anything can be done in excess.That's my point plain and simple. Please read 'The Big Short' By Michael Lewis and you will realize how wrong the line of thinking of throwing money at investments can be.Anything can be a bad investment when taken to extreme., I wish we could all just see these type of so called investments for what they are. Paper trades are fine and serve a purpose ,if that is what you want . But it doesn't make Gold in your portfolio a bad idea ,all things in moderation .
The CDS http://thebea.st/10OOtSF market was a perfect example of an investment that was not suitable for people to be engaging in. Who knew what these things really were? In Lewis' book he points out many times how those making crazy profits off of these CDO and CDS transactions were the most blind because they didn't do their due diligence. Why should they ?They were making money with other peoples nest-eggs , and why rock the boat .
4.MONEY : What is it? Money must be a store of value, be fungible, be a unit of exchange, be portable, be durable, and be a unit of account. Fiat currency has all of these characteristics except one: It is not a store of value. The material it is made from is useless and it is no longer backed by gold. This makes it a currency, not money. Gold has always been money because it meets all of these parts of the definition and then some. It cannot be made nor destroyed. It retains its value and cannot be inflated. ALL fiat currencies go to zero eventually, gold and silver hold their value
Flat earthers(Global warming hoaxters) are usually unaware of this :
Isaiah 40:22 It is he that sitteth above the sphere of the earth, and the inhabitants thereof are as grasshoppers; that stretcheth out the heavens as a curtain, and spreadeth them out as a tent to dwell in;
Almost 700 years before Christ Isaiah wrote about the earth as being round (A sphere) not Flat.And many of the early scientist realized this Newton,Galileo.
The Book of Isaiah was written between 701 and 681 B.C.
Eugene Eliot Narrett was born on December 27, 1948. He died on the night of December 6, 2013. Having just left an art gallery in Brattleboro, Vermont, where his paintings were on display, he crossed Union Street and was struck by a hit and run driver.
Professor Narrett was the first of five sons born to Dr. Sidney S. Narrett and Mrs. Beatrice Narrett.
Professor Narrett grew up in Passaic and Clifton, New Jersey. In 1963, at the age of fifteen, he won the Quality of Latin Certificate of Merit from the Philadelphia Classical Society. He attended Upper Montclair College High School and matriculated at Columbia University.
Professor Narrett graduated from Columbia in 1970 with a BA in Art History. He received his Masters degree with Honors in English and Comparative Literature in 1975 and his Ph.D in 1978 in these same disciplines all from Columbia University.
Professor Narrett’s dissertation on the Romantic poet, Percy Bysshe Shelley, The Comedic Vision of Shelley's Poetry, was written under the Columbia University scholar and professor, Karl Kroeber, who taught for nearly half a century in the English and comparative literature department. At the time his dissertation was completed, Professor Kroeber labelled Eugene Narrett as the greatest interpreter of Shelley extant.
Professor Narrett had a thirty plus year experience as a College teacher and was a published author in comparative literature, poetry, and art criticism. In 2010, Professor Narrett published in the English-American Association Journal, Identity, Theft, and Image Play in Coleridge. In 2010, Professor Narrett also authored a series of essays on Nietzsche and Schopenhauer and other western authors commenting on the nature of Western culture and how their views make use of or reflect on the relation of Judaism to the West.
In addition, Professor Narrett was an exhibiting artist (1977-92) and had gallery shows in New York City, Boston, Cambridge and Maynard Massachusetts and most recently and fatefully in Brattleboro, Vermont. He was also an accomplished self-taught flute player who once entertained strollers in the parks of Salzburg, Austria.
Professor Narrett taught, designed, created and directed many Liberal Arts courses and programs in fields including Art, Art History, History, Literature and Philosophy. His wide-ranging knowledge of history and his ability to integrate disciplines provided a comprehensive overview and rare insight into the most challenging conflicts and currents of our times. He published extensively on American politics and culture and on geopolitics and the Middle East. He is the author of three books: Gathered against Jerusalem: Essays on a False Peace; Israel Awakened: a Chronicle of the Oslo War; and Israel and the Endtimes: writings on the logic and surface turbulence of History (2006).
For much of his published work and radio guest appearances please see Israelendtimes.com as well as Amazon.com.
On language please see: http://www.webcommentary.com/php/ShowArticle.php?id=narrette&date=060924
As interpreter of Shakespeare please see: http://israelendtimes.com/blog/2010/08/28/thoughts-from-shakespeare.htm
Professor Narrett’s lifetime of scholarship and effort to find the essence in human behavior, as manifested in literature, art, and geo-politics came to a corporeal conclusion on a dark night in December but he always carried and forever will his soul carry the banner of learning and knowledge.
Professor Narrett was survived by his son, Gabriel Narrett and four younger brothers, David, Zachary, Seth and Matthew.