Perspective matters

I entered CEF in 2002 at $4 share and have added to reach a $10 harmonic average price. The investment is worth many times (5X) what I paid, and it is still only about 5% of the PM holdings. I expect it to double from today's price and maybe go higher yet. I have a mental stop but I have at present no reason to sell since CEF has been on a ten year rally and the trend driver is still in place. Investing is right in this age. Perspective matters greatly in both investing and trading. I hedge my position in futures. My insurance costs have fallen over the years as I came to see that Tocqueville was right, Democracy always leads to expansion of the money supply to pay the nonproductive parts of society for their have-not feelings. Trading is my insurance against the unforeseen. Nothing in the trend has changed since I started trading and investing in 1960. Keep PM because, (Bernanke notwithstanding,) inflation is the only answer to paying the national debt. He is also wrong when he said PM are not money, PMs are money, and better than money. I learned that in Argentina when my investments crashed and my PM miners soared. I survived nicely, even made money. Never be discouraged and keep your eye on the trend drivers and invest accordingly. Some times I go sailing to forget, but I always come back (and I have Satellite dish on the foremast). Best Islander

nice

I entered CEF in 2002 at $4 share and have added to reach a $10 harmonic average price. The investment is worth many times (5X) what I paid, and it is still only about 5% of the PM holdings. I expect it to double from today's price and maybe go higher yet. I have a mental stop but I have at present no reason to sell since CEF has been on a ten year rally and the trend driver is still in place. Investing is right in this age.

Perspective matters greatly in both investing and trading. I hedge my position in futures. My insurance costs have fallen over the years as I came to see that Tocqueville was right, Democracy always leads to expansion of the money supply to pay the nonproductive parts of society
for their have-not feelings. Trading is my insurance against the unforeseen.

Nothing in the trend has changed since I started trading and investing in 1960. Keep PM because, (Bernanke notwithstanding,) inflation is the only answer to paying the national debt. He is also wrong when he said PM are not money, PMs are money, and better than money. I learned that in Argentina when my investments crashed and my PM miners soared. I survived nicely, even made money.

Never be discouraged and keep your eye on the trend drivers and invest accordingly.

Some times I go sailing to forget, but I always come back (and I have Satellite dish on the foremast).

Best Islander

well spoken, we are in the same boat my friend
dharma

Thank you, very eloquent thoughts. Your comment about Argentina prompts me to ask: what was your experience with real estate assets when Argentina crashed ? Did this asset class suffer too ? I ask because I see many wealhy individuals looking to park their money in high-end RE and wondering if they will turn out to be right ...