Money Talk

Have to be quick with this entry-- I'm off to a talk about fiat money at the Saratoga VFW.  Ponder that for a while-- people are really beginning to catch on.  So is it any surprise SIVR was up 3.64% today?  We're lucky (?) to have a grandstand seat to events that will change everything.  Buckle up, it's going to be a heck of a ride.

I sold USAGX yesterday and will now consolidate around GDX.  A few days ago I said USAGX was to be the gold miners centerpiece and not GDX, but I've soured on mutual funds.  Typically these days, trading a mutual fund can be a no fee transaction, but you get hit with a hefty charge if you sell before X number of days.  We've had USAGX in this particular account since Oct 2007 and it's been profitable.  The details are tough (at least for me) to determine what with dividends, additional purchases, etc.

Noticing that our precious metal holdings were below the top line of prescribed allocation we picked up additional shares of the Central Fund of Canada Limited (CEF) at $20.37.

A back of the envelope calculation (if I added right) shows Fiat Fantasy is now about 35% equities.  Probably more depending on how you view REITs and MLPs.  Some of the equities are in the Hard Asset and Yield Producer classifications.  Well and good, but in the end, they are still equities.  The point is that's more than enough equity exposure for me.  At least until we get past the budget vote, the debt ceiling vote, the end of Quantitative Easing II in June, or a knock your socks off crash.  Unless it's a Whim, new equity purchases are off limits.