Get ye a loverly (sic) tomato or a specially inscribed “collector’s edition” JakeGint mug!
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Oh it’s cascading knife times like these that demand the use of The PPT to weather the hot blades of imminent portfolio cut-pursing!
It should make no manner of matter to you that The PPT‘s inventors are, collectively, an unrepentant Obama Voter from Pizza Island, and a crazed technophile man-child long since nailed-up inside his mother’s basement (by his own mother).
For the love of Ike & Mike and their subsequent Massachusetts nuptials The PPT has been saving lives over these last few weeks– pulling children from burning buildings, quelling vast hive-swarms of killer bees, applying sun screen to sensitive ear lobes and high foreheads– metaphorically speaking of course.
But of course also metaphorically speaking “And Mooooore!”
You should go in there (in to The PPT) sometime. There are people in there offering plum cakes and first born children to the Fly for saving their retirements and their marriages. You probably think I’m kidding. I assure you I am not.
We’ve really got a machine going in there, we lucky few, we sceptered islanders, we England.
Sometimes, I almost wish Fly’d give Ducati a few days in there, that’s how generous I’m feeling right now. He’d have to promise to be on his best behavior of course, but who knows what a glimpse of heaven might do?
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For my part, I remain in my bunker of gold whilst molten asteroids rain down from above, leaving gaping wounds in the loamy veldt surrounding my doors of filagree-worked platinum.
I like gold here because it’s my anchor at $1,242+ and “steady, steady now.” I know, I know, Jim Rogers says he’s not buying it, and he’d rather buy silver or even palladium.
But what’s quite odd is that Rogers has been saying that same thing since late 2007, when gold was in the low $700’s. Silver has increased as well since then, but on a much more volatile basis. So I like gold on days like today, when some of my silver stocks (like SLW and PAAS) were down 4% while GLD was up a bit in response.
You see, even though I don’t like to trade like a crazed jack-rabbit on meth, I am human like you, and I don’t like to see my portfolio roiled like an upset stomach at Coney Island.
I’ve got too many things going on, you see. I’m sure most of you do as well. I am seriously contemplating getting more physical positions here, just to cut down on overall volatility. Something about that weight that makes one think less about trading, maybe….
In other news, today’s sell-off affords an opportunity to tippy toe in. The PPT Crystal Ball of Courage tells me it’s time to wade back into the pool very soon, perhaps as soon as mid morning tomorrow. There are many ripe tomatoes dangling on the vine right now. Claim them before the clacking begins anew.
My best to you all in the coming days…
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Jake–To follow up on your question from the top finance blogs post, some of the sites were extremely secretive/snobby about releasing any traffic info upon email request (you know who).
Timmah, no doubt. Colour me unsuprised that he’s “secretive” about his numbers.
The incentives point to the reason. He’s got about 12 house-bound readers.
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and those too cool for school ZH kids
That response I would just ascribe to paranoia.
The ZH guy has been through the wringer this year…
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Those gold picks I got from you are some of the few I’m still holding in the trading account
Thank you sir
Good to hear, thanks. Hope you got (or will get) some SLW too, at least.
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Unfortunately I missed the last entry – next one looks to be in the low 19s
“t should make no manner of matter to you that The PPT’s inventors are, collectively, an unrepentant Obama Voter from Pizza Island, and a crazed technophile man-child long since nailed-up inside his mother’s basement (by his own mother).”
– Excerpt chosen at random
Nicely done.
Grazie.
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Scusa la mia ignoranza, but is the PPT Paypal only?
I don’t think so… I believe they are set up to take credit cards as well.
Jeremy? Are you about?
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I used my credit card, but needed to set up a PayPal a/c to process. It goes through PayPal but credit card payments are accepted.
I believe a check is ok for 6mos or 1 year
Dollar is heading down again. The machines are at work, moving electrons from one account to the other, for your superficial benefit. (Hat tip to Purdy on that last).
Take advantage whilst the dollar still weighs more than said electrons.
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In Nov ’08 gold/silver was 84. Now it’s 67. Gold is now cheaper relative to silver than it was a year and a half ago.
On the other hand if you compare the supply of gold to silver, the fundamentals of silver have improved more as there is less silver than gold and silver is scarce. Silver has like a 15 year supply. At current rate we will be out of silver in 15 years or so. Obviously prices will have to adjust as it becomes more scarce.
Gold/Silver have an interesting paradox. If you were rich and you wanted to store a ton of wealth in hard assets, you would go with the more expensive one because it would take up less space and would be easier to accumulate. This puts a lot of artificial demand on gold. However, in times of crises, with less supply of silver people buy up some of both. As the gold prices go up and hit highs, people get a little nervous about buying gold and start buying silver. Since silver is so much cheaper it’s easier for rch people to consume a lot and really buy up a lot of the supply making silver scarce. In times of crisis the gold silver ratio goes much lower as silver gets bought up. Then what happens is as silver becomes more expensive relative to silver it makes more sense to buy because it takes up less space to store.
This is the paradox because what makes sense for storage is the exact opposite of what makes business sence, buy low sell higher.
The other paradox is that while silver has more industrial uses, gold is the go to metal for wealth storage. There’s more raw gold in existance than raw silver now. I wonder what would happen if silver became so scarce that the price went higher then gold? Would the use of gold as wealth storage become more obselete?
I would like to friend you on Facebook.
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jake,
your thoughts about when this happens, please?
http://www.reuters.com/article/idUSTRE65S40620100629
Shirley,
Believe it when you see it. Fact is, all the fiat currencies suck, but the dollar is the best of them. Not until we cease being the global economic leader (maybe sooner rather than later under the Obamanists) will the dollar go away as the reserve currency.
In the meantime, the dollar will continue to lose value relative to gold and silver, so no matter the rest of the world’s direction, you should be accumulating those.
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“maybe sooner rather than later under the Obamanists”
Yeah, it’s almost like Bush’s handlers won a third term.
…and don’t call me Shirley.
Nice analysis Uncle Shirley.
I remember how Bush was promising to nationalize healthcare and Chrysler and GM.
Oh, no, that’s right… Bush said exactly the opposite.
S’Okay, we know how confusing things can be in Angry Angry Purdy-World. You can always try again… We’re all about new beginnings here.
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thanks so much for your quick response, jake. as a relatively long time ppt distinguished gentlewoman, member, i have been accumulating your favorites for quite some time now. your posts are incredibly well-written, entertaining, and full of valuable info.
Flattery will get you everywhere, my dear!
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you’re a gentleman and a scholar.
JG,
flippe-floppe-flye hasn’t the chutzpah. Incidentally, he still owes me $10 + interest from his lost wager on MVIS back-in-the-day.
As the PPT is Jeremy’s baby, you’d be better off asking him, flippe-floppe-flye has little, to nothing, to do with the PPT as far as I can ascertain. I would of course provide as unbiased as possible, critical evaluation.
jog on
duc
LOL.
I can see the steam coming out of his ears right now.
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