Jump to content

Recommended Posts

"You cannot beat B&H": what utter nonsense that has proven to be!

 

You are being disingenouos Dr Bubb. How much of your life do you devote to working on non-B&H investing strategies Dr Bubb? Answer: serious amounts. Versus how much time can someone with a f/t professional career devote? Answer: not even close to enough.

Share this post


Link to post
Share on other sites

You are being disingenouos Dr Bubb. How much of your life do you devote to working on non-B&H investing strategies Dr Bubb? Answer: serious amounts. Versus how much time can someone with a f/t professional career devote? Answer: not even close to enough.

Surely, that is not the point. I am talking about myths I want to explode.

I am a professional investor, and BBH is only a small part* of what I do.

My point is about whether it is possible to Beat B&H consistently. Over many months, I have demonstrated that it is possible.

 

If what you are saying is: "It isn't easy to beat B&H. It requires time, discipline, and dedication."

Then, I would say that I agree completely.

 

It is only a myth (spread by those who might benefit from getting you to become a long term holder of gold) that you cannot beat B&H through trading. Once you realise it can be done, you can begin to consider whether or not you are willing to devote the effort needed to do it yourself.

==== ====

 

*Right now, I am researching investments Junior miners and explorers, analysizing the technical situation of the overall market, and developing a market neutral trading strategy, while pondering various big picture scenarios in our world involving future developments. The effort of Beat B&H is only a small part of my research activities. On some days I do nothing, or very little. So I consider that effort a sideshow, not the main show. But I know many posting here are interested in it, so I keep the trading and posting alive. And by doing it, I have learned some useful things about how to trade with such an objective.

Share this post


Link to post
Share on other sites

Surely, that is not the point.

I am a professional investor, and BBH is only a small part* of what I do.

My point is about whether it is possible to Beat B&H consistently. Over many months, I have demonstrated that it is possible.

 

If what you are saying is: "It isn't easy to beat B&H. It requires time, discipline, and dedication."

Then, I would say that I agree completely.

==== ====

 

*Right now, I am researching investments Junior miners and explorers, analysizing the technical situation of the overall market, and developing a market neutral trading strategy, while pondering various big picture scenarios in our world involving future developments. The effort of Beat B&H is only a small part of my research activities. On some days I do nothing, or very little. So I consider that effort a sideshow, not the main show. But I know many posting here are interested in it, so I keep the trading and posting alive. And by doing it, I have learned some useful things about how to trade with such an objective.

Being a successful investor/speculator by trade gives you an edge, doesn't it? Most people are something other than that. I suspect you would make a very poor farmer, doctor or teacher/social worker. 'Haves' cannot stand the 'have nots'-yet fail to realize how much they need each other/are dependant on one another.

 

B&H also implies that you have bought and are holding (yes!) If anything happens so that it is no longer lawfully possible to B&H, you will have nothing more than a fistful of paper promises, and the simple B&Her will have a pocket full of coins to pass on to his family? Or you think you'll be able to time the event to wrap up there in HK, board a plane to take you to the -as yet-undecided-Shangri La where you can cash in your chips and live happily ever after in some market town above 700m awaiting a tsunami to wipe out the less fortunate...

 

I mean no ill feelings but have you ever read the one about the Hare and the Tortoise?

Share this post


Link to post
Share on other sites

You are being disingenouos Dr Bubb. How much of your life do you devote to working on non-B&H investing strategies Dr Bubb? Answer: serious amounts. Versus how much time can someone with a f/t professional career devote? Answer: not even close to enough.

Or versus someone with a life of leisure to maintain? I mean, trading has its stresses, and is a form of work as is motivated by making money. I reckon the eventual goal is to be able to say enough, transcend the money sphere altogether, and devote the rest of your life to a more worthy end. I mean, time is the most valuable commodity we have right?

Share this post


Link to post
Share on other sites

Being a successful investor/speculator by trade gives you an edge, doesn't it? Most people are something other than that. I suspect you would make a very poor farmer, doctor or teacher/social worker. 'Haves' cannot stand the 'have nots'-yet fail to realize how much they need each other/are dependant on one another.

Why?

I think all professions require: commitment, discipline and dedication.

I wouldn't try to be a farmer or a doctor whilst being a professional trader, and maybe trying to be a professional trader while being in one of those professions would be a mistake too.

 

Most farmers and doctors rarely give away for free the fruits of their efforts, so maybe if I continued to do so in those professions, then I would starve.

Share this post


Link to post
Share on other sites

Or versus someone with a life of leisure to maintain? I mean, trading has its stresses, and is a form of work as is motivated by making money. I reckon the eventual goal is to be able to say enough, transcend the money sphere altogether, and devote the rest of your life to a more worthy end. I mean, time is the most valuable commodity we have right?

You are getting to the reason I do it.

 

A successful professional trader can have enormous control over his time, and through that enjoy much freedom.

 

That is exactly why my partner is also trying to make a go of trading. We want to be free to travel, and make an income while seeing the world. ( And I do not want her to be fully dependent on my own success, since if she was- she would not have full freedom.)

Share this post


Link to post
Share on other sites

B&H also implies that you have bought and are holding (yes!) If anything happens so that it is no longer lawfully possible to B&H, you will have nothing more than a fistful of paper promises, and the simple B&Her will have a pocket full of coins to pass on to his family? Or you think you'll be able to time the event to wrap up there in HK, board a plane to take you to the -as yet-undecided-Shangri La where you can cash in your chips and live happily ever after in some market town above 700m awaiting a tsunami to wipe out the less fortunate...

 

I mean no ill feelings but have you ever read the one about the Hare and the Tortoise?

Jake, I don't think you get my idea...

 

The sort of place we are looking for is not one you can just "buy your way into."

 

It would be a place where we can make a contribution to improve the life of those in the community. And find a place like that where we can contribute, and which also meets our other major requirements is not an trivial challenge.

 

Whether the tsunamis come or not, the move must make sense. I don't want to feel like I am betting on a tsunami. I want to live in a place that we are drawn to for other reason.

 

We will not be running away if we leave HK. We will be running to (a new destination.) In fact, one thing we are exploring now, is whether we can contribute to building the sort of community we seek where we are, here in HK.

 

The first step in that process is seeking to join or develop a community of like-miden individuals. We will begin the first steps in testing this community building this weekend.

 

I want to encourage others here to think the same way. Look for ways to invest in the community of people arouind you. In the long run, that may be a far better investment than plowing your money into B&H Gold investments. And, sure, time is money. So much of your investment might be time, rather than money.

Share this post


Link to post
Share on other sites

Jake, I don't think you get my idea...

 

The sort of place we are looking for is not one you can just "buy your way into."

 

It would be a place where we can make a contribution to improve the life of those in the community. And find a place like that where we can contribute, and which also meets our other major requirements is not an trivial challenge.

 

Whether the tsunamis come or not, the move must make sense. I don't want to feel like I am betting on a tsunami. I want to live in a place that we are drawn to for other reason.

 

We will not be running away if we leave HK. We will be running to (a new destination.) In fact, one thing we are exploring now, is whether we can contribute to building the sort of community we seek where we are, here in HK.

 

The first step in that process is seeking to join or develop a community of like-miden individuals. We will begin the first steps in testing this community building this weekend.

 

I want to encourage others here to think the same way. Look for ways to invest in the community of people arouind you. In the long run, that may be a far better investment than plowing your money into B&H Gold investments. And, sure, time is money. So much of your investment might be time, rather than money.

Sorry, I had no idea you were in the process of building community-in HK or elsewhere. I agree with you re better investments than B&H btw. Believe me I have spent much of the NY doing just that in many practical ways and it takes time and perserverance.

I wasn't looking for a fight. :)

Share this post


Link to post
Share on other sites

Jake, I don't think you get my idea...

 

The sort of place we are looking for is not one you can just "buy your way into."

 

It would be a place where we can make a contribution to improve the life of those in the community. And find a place like that where we can contribute, and which also meets our other major requirements is not an trivial challenge.

 

Whether the tsunamis come or not, the move must make sense. I don't want to feel like I am betting on a tsunami. I want to live in a place that we are drawn to for other reason.

 

We will not be running away if we leave HK. We will be running to (a new destination.) In fact, one thing we are exploring now, is whether we can contribute to building the sort of community we seek where we are, here in HK.

 

The first step in that process is seeking to join or develop a community of like-miden individuals. We will begin the first steps in testing this community building this weekend.

 

I want to encourage others here to think the same way. Look for ways to invest in the community of people arouind you. In the long run, that may be a far better investment than plowing your money into B&H Gold investments. And, sure, time is money. So much of your investment might be time, rather than money.

 

I agree with you. The only better investment than physical gold, in my view, is to invest in self-suffiency and safety. But as an urban-dependant I think before you can branch out like that you need financial reserves and a somewhat stable home/family life. I'm not ready to move to a rural community and learn farming just yet! Although I can forsee a time in my lifetime where that becomes more desirable than the urbanisation trend.

Share this post


Link to post
Share on other sites

I agree with you. The only better investment than physical gold, in my view, is to invest in self-suffiency and safety. But as an urban-dependant I think before you can branch out like that you need financial reserves and a somewhat stable home/family life. I'm not ready to move to a rural community and learn farming just yet! Although I can forsee a time in my lifetime where that becomes more desirable than the urbanisation trend.

 

 

One of my Goals in life is to own a small holding. Long way from being able to do that at the moment.

 

I do have a few chickens in the garden and i also grow some of my own veg. Im not really after the good life just a better way of life.

Share this post


Link to post
Share on other sites

Looking v good today considering the strength of the USD.

Bodes well for the short term.

Yes, think all the correction could be in. There have been times when the precious metals have not moved inversely to the dollar. Could well see both metals and dollar moving up in tandem for a bit now.

Share this post


Link to post
Share on other sites

One of my Goals in life is to own a small holding. Long way from being able to do that at the moment.

 

I do have a few chickens in the garden and i also grow some of my own veg. Im not really after the good life just a better way of life.

Don't have chickens yet, but have a goat and a good sized vege garden. The Good Life, and not referring to the Barbara Kendall type, has to be a healthy mix of nature and culture, with "society" put firmly on the bottom rung. Hence I'll be "commuting" by camper between the small holding and the large city... week on week off sort of thing. A bit of tutoring, a lot of reading, a bit of writing then back to the peaceful countryside for a bit. With the camper, you can park up at specially disignated areas for a few days within walking distance of the mainstreet. Then again, I doubt it will be too difficult to park on an acquaintance's inner suburb lawn if I were to contribute a little to the power bill.

Share this post


Link to post
Share on other sites

 

lognt-1.gif

 

Around 20% "return" a year. That would put the price around $1250 at January next year..... and $1500 at January 2012,....and $1800 at Jan 2013................... $2150 at Jan 2014.

Interesting to look at previous posts from years back. This from mid-2010. Think it fair to say the trend in gold was nailed.

Share this post


Link to post
Share on other sites

Interesting to look at previous posts from years back. This from mid-2010. Think it fair to say the trend in gold was nailed.

 

 

 

It seems that you have hit the nail on the head with that post :D

Share this post


Link to post
Share on other sites

http://news.goldseek.com/GoldSeek/1325871758.php

 

A number of people have approached me recently and said they wished they had listened five years ago. They feel they have missed the boat, that it’s too late to buy gold. For those who feel that way, let me close with a Chinese proverb I discovered last year:

 

The best time to plant a tree is 20 years ago.

 

The second best time is today.

Share this post


Link to post
Share on other sites

The clues are there for us all.

 

http://www.zerohedge.com/news/guest-post-has-italy-gone-fascist

...

The passing of an extraordinary edict making cash transactions of more than Euro 1,000 illegal (not subject to reporting – just plain illegal). Following Prodi’s own desire, the existing regime has indicated that this level will be progressively reduced to a limit as low as Euro 300. Hence cash is maybe for the first time in history no longer legal tender (over Euro 1,000, for now);

A requirement that credit card companies report all transactions carried out by Italians, in Italy and abroad to the fiscal authorities;

Delays and refusals by banks in allowing customers to withdraw cash balances of as little as Euro 10,000;

Finance Police has placed cameras at the physical borders with Switzerland (see below) to register all license plates. In addition, currency-sniffing dogs have been deployed at the border (http://www.cdt.ch/ticino-e-regioni/cronaca/56250/fiscovelox-riapparsi-no...).

 

GL everyone. 100% physical and cash out of the banking system.

Share this post


Link to post
Share on other sites

Email on Max Keiser site re. Dutch gold:

 

Hi guys,

 

yesterday the Dutch public television aired an item about the whereabouts of the Dutch gold, as a follow up of the questions asked by the Dutch socialist party, you reported about earlier. The central bank’s president Klaas Knot is being interviewed and he finally admits that 90% of the gold is overseas (why doesn’t he just report about that in his annual report). Jim Rickards is also being interviewed.

 

At the end Knot, who’s acting very nervous throughout the interview, says the gold doesn’t need to be shipped back because he trusts the Americans, while earlier he says he doesn’t like much of the new legislation coming out of the US. And he says it’s useful to have the gold in trading places, should they want to sell some, although they haven’t sold in years.

 

Irrgang, the socialist, and Willem Middelkoop, a famous Dutch gold analyst, urge the central bank to reconsider their storage policy.

 

Perhaps you can report about it.

 

http://nieuwsuur.nl/onderwerp/328458-nederlands-goud-vooral-in-buitenland.html

 

 

http://maxkeiser.com/2012/01/07/from-anonymous/

Share this post


Link to post
Share on other sites

One of my Goals in life is to own a small holding. Long way from being able to do that at the moment.

 

 

and to think in days gone by one would be referred to as a peasant

but then they drove us from our lands and replaced the people with sheep

as we were coralled into urban slums and forced to labour in factories

just to pay for them, and they say they abolished slavery !!

Share this post


Link to post
Share on other sites

The clues are there for us all.

 

http://www.zerohedge.com/news/guest-post-has-italy-gone-fascist

 

 

GL everyone. 100% physical and cash out of the banking system.

Errh, well, finally the Guardia di Finanza seems to try finding out why people who officially live under the poverty line drive Ferraris and have private helicopters. :lol: I have to say, I think that is a reasonable aim and just absurd to read when you live in northern Europe.

 

http://www.spiegel.de/wirtschaft/unternehmen/0,1518,807533,00.html

Im Land der steinreichen Armen

...

Italienische Finanzbeamte dürfen neuerdings die Bürger belästigen und stoßen bei Kontrollen auf Erstaunliches: Ferrari-Karossen, 20 Meter-Yachten und sogar Helikopter gehören Menschen, die laut Steuererklärung unterhalb der Armutsgrenze leben. Wie machen die das bloß?

So, like our Greek friends, the Italians now try to become more German. :) They seem to try to check now, that everyone pays their taxes. That's a new thing for Southern Europe, ya know. ;)

Share this post


Link to post
Share on other sites

Errh, well, finally the Guardia di Finanza seems to try finding out why people who officially live under the poverty line drive Ferraris and have private helicopters. :lol: I have to say, I think that is a reasonable aim and just absurd to read when you live in northern Europe.

 

http://www.spiegel.de/wirtschaft/unternehmen/0,1518,807533,00.html

 

So, like our Greek friends, the Italians now try to become more German. :) They seem to try to check now, that everyone pays their taxes. That's a new thing for Southern Europe, ya know. ;)

Agree- the situation there is different to Germany/UK; lawyers, doctors etc. take cash and pay little tax. However the consequences of this are quite handy from a NWO perspective.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×