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Got Gold?
Posted: Tue Jun 14, 2016 8:24 am
by RealJustme
The yield on the 10-year benchmark German bund fell into negative territory for the first time ever on Tuesday morning.
At around 8.30 a.m. London time, the yield hit zero and briefly fell into negative territory as investors continued to flock to safe-haven assets. Bond prices and yields move in opposite directions and a negative yield implies that investors are effectively paying the German government for the privilege of parking their cash.
Re: Got Gold?
Posted: Tue Jun 14, 2016 7:02 pm
by elklindo69
Justme is the perfect contrarian indicator. Everybody do the opposite!
:lol:
Re: Got Gold?
Posted: Tue Jun 14, 2016 7:52 pm
by johnforbes
Elkin, what is your asset allocation now?
What are your thoughts on the Fed?
Emerging markets?
Re: Got Gold?
Posted: Tue Jun 14, 2016 9:37 pm
by Clownkicker
I have one third in real estate, two thirds in stocks, a quarter in bonds, 10% in coins and metals, 20% cash, and a really valuable comic book collection.
How 'bout you, johnny?
Re: Got Gold?
Posted: Wed Jun 15, 2016 7:25 am
by johnforbes
I have a partial, passive interest in an agricultural business, so that is difficult to place in an asset allocation.
My relatives were obsessed with land ownership, as folks in the country tend to be. But Yale's Nobel winner Shiller says that long-term global land prices only go upward in relation to inflation. Of course, that doesn't mean a person couldn't buy a piece of land and somehow turn a quick profit. The investment land I own just seems to be a nice view but no great shakes as an investment.
I used to own a small amount of coins (pandas), but eventually gave them away. Naturally, the price of gold went up as soon as they were gone.
20 percent cash would seem high to a lot of people, but I actually think it is sensible in this environment. I'm only about 10 percent cash now but am building that up because stocks are somewhere near fully valued.
I've been building up munis for about 3 yrs now. Although there have been big problems like Detroit, muni debt can be high quality.
I'm about 60 to 65 percent stock now. I thought this yr was the comeback for emerging mkt equity, but so far all I'm getting is up about 4 percent YTD.
Re: Got Gold?
Posted: Wed Jun 15, 2016 9:18 am
by RealJustme
have one third in real estate, two thirds in stocks, a quarter in bonds, 10% in coins and metals, 20% cash, and a really valuable comic book collection.
Let's see 33% in real estate, 66% in stocks, 25% in bonds and 10% in coins. Clown, your math is as bad as your grammar or did you just make that shit up?

Re: Got Gold?
Posted: Wed Jun 15, 2016 9:39 am
by Clownkicker
Wow, I'm surprised anyone here can add at all, let alone deal with the mixed percentages and fractions.
You're the type that "always gives 150%" so I didn't think you would even notice. :lol:
But no, my comic books were stolen by a brother while I was away at college and sold to a neighbor.

If I want to see them I have to go to his house now. (He actually DOES have a valuable collection.)
Re: Got Gold?
Posted: Wed Jun 15, 2016 2:01 pm
by RealJustme
The main thing we've learned from this post is to never take investing advice from a clown who tells you how 135% of his funds are invested.
Re: Got Gold?
Posted: Wed Jun 15, 2016 7:43 pm
by Clownkicker
Yeah, why take advice from ME when you could have bought FLR at $66 two years ago. :lol:
Re: Got Gold?
Posted: Thu Jun 16, 2016 7:43 am
by tvd
A year ago (?) (not sure of time frame) I advised or spoke of investing in LIT, an ETF of lithium metal, it's mining and subsequent manufacture.
I was seriously derided by Elk at the time.
I invested $50,000 in Sept. 2105 when it was at 18.00 per share, and yesterday it closed at almost 25.00.
Eat my dick ELK.
Re: Got Gold?
Posted: Thu Jun 16, 2016 10:27 am
by Clownkicker
"Eat my dick ELK."-tvd
And again, tvd is the first to bring up a gay reference.
What is it with tvd's gay fixation? :lol: