DEAR LAU, EXCELLENT AS ALWAYS. YES, MONOPOLY TAKES ME BACK TO MY FIRST EXPERIENCE WITH THAT GAME MORE THAN SEVENTY FIVE YEARS AGO. REALLY FUN!
EXCELLENT INFORMATION ON “INVESTING”. I BREAK THAT DOWN INTO FOUR COMPONENTS—-LONG TERM INVESTING, SPECULATION, TRADING AND GAMBLING. ONE DAY, I HOPE TO WRITE AN ESSAY GIVING MY TAKE ON THOSE TOPPICS. BUT FOR NOW, JUST LET ME STRONGLY RECOMMEND AGAINST GAMBLING.
Hi John, good question. What I wrote in the essay applies to resource stocks. Gold is different. Gold isn't a trade you get in and out of. You don't go all-in on it in the sense that you never say 'that's it, that's my full position.' You just keep stacking it. In the face of relentless money supply expansion and runaway debt, you just can't afford not to. That's how I view it.
thanks for the confirmation Lau.I am relieved to see the response.. It has been very tough recently with the drop in AU and AG. BTW, even the Soviets and Maoists back in the 50s knew that AU was money…
Yes, I saw, Vince. That one cracked me up. He also said there's no money in the newsletter business. Funny coming from a guy who made the lion's share of his fortune from it.
“The worst thing you can do is use the wrong tool on the wrong stock” sums it up, for sure, although I’d broaden it to encompass the wrong tool on any stock. Thanks again for practical, real life, advice.
VISION BAD PARDON CAPS
DEAR LAU, EXCELLENT AS ALWAYS. YES, MONOPOLY TAKES ME BACK TO MY FIRST EXPERIENCE WITH THAT GAME MORE THAN SEVENTY FIVE YEARS AGO. REALLY FUN!
EXCELLENT INFORMATION ON “INVESTING”. I BREAK THAT DOWN INTO FOUR COMPONENTS—-LONG TERM INVESTING, SPECULATION, TRADING AND GAMBLING. ONE DAY, I HOPE TO WRITE AN ESSAY GIVING MY TAKE ON THOSE TOPPICS. BUT FOR NOW, JUST LET ME STRONGLY RECOMMEND AGAINST GAMBLING.
SINCERELY,
LIA\M OF LIAM’S LADDER
TYPE BY HIS ASSISTANT, LEJO
Hi Lau, good advice. What about Gold? does your logic about not going all in also apply to AU?
Hi John, good question. What I wrote in the essay applies to resource stocks. Gold is different. Gold isn't a trade you get in and out of. You don't go all-in on it in the sense that you never say 'that's it, that's my full position.' You just keep stacking it. In the face of relentless money supply expansion and runaway debt, you just can't afford not to. That's how I view it.
thanks for the confirmation Lau.I am relieved to see the response.. It has been very tough recently with the drop in AU and AG. BTW, even the Soviets and Maoists back in the 50s knew that AU was money…
The Soviets certainly did - just ask the Spanish:).
The funniest thing that comes to my mind when hearing the words RARE EARTHS, is trying to imagine them spoken in French by Steve Martin/Clousrau lol
Good one. 😂 I can picture it now.
Ole Doug Casey just said that you never owned a brokerage account! So, I guess your article was correct? But, he was being rather pithy
Yes, I saw, Vince. That one cracked me up. He also said there's no money in the newsletter business. Funny coming from a guy who made the lion's share of his fortune from it.
Dude, I’m just breaking your balls. You’re going to be fine. Don’t sweat it
These balls are made of steel, Vince. Forged and tempered behind the Iron Curtain. But I appreciate it ;)
Great advice, thank you. No doubt it resonates with many investors in precious metals today. Good to know for the future
“The worst thing you can do is use the wrong tool on the wrong stock” sums it up, for sure, although I’d broaden it to encompass the wrong tool on any stock. Thanks again for practical, real life, advice.
as great as the “monopoly” submission.
thanx
DFH
Appreciate it, Frank.
All in in BTC in October 2026?
Think about it.