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by technovelist
Sat Mar 28, 2020 8:54 pm
Forum: Other Discussions
Topic: Federal Reserve Notes
Replies: 6
Views: 81

Re: Federal Reserve Notes

Smith1776 wrote:
Sat Mar 28, 2020 8:31 pm
Mike Maloney used to make this joke all the time.

Not Federal. No reserves. Not a note.

It's counterfeiting and illegal.
Sorry to have to correct you, but it is legal counterfeiting.
Unfortunately.
by technovelist
Sat Mar 28, 2020 5:04 pm
Forum: Permanent Portfolio Discussion
Topic: The tech-dumbell portfolio
Replies: 7
Views: 105

Re: The tech-dumbell portfolio

Actually it's not exactly that. It is 1/3 cash and 2/3 gold but the cash isn't all T-bills: I forgot about the Swiss Francs.

So right now it's about:
1/6th Swiss Francs
1/6th T-bills
2/3rds gold.
by technovelist
Sat Mar 28, 2020 4:57 pm
Forum: Permanent Portfolio Discussion
Topic: The tech-dumbell portfolio
Replies: 7
Views: 105

Re: The tech-dumbell portfolio

dualstow wrote:
Sat Mar 28, 2020 1:00 pm
Does your other half own stocks?
No, I’m the portfolio manager. She’s the chief medical officer.
by technovelist
Sat Mar 28, 2020 12:52 pm
Forum: Other Discussions
Topic: What does it mean to vote for someone?
Replies: 7
Views: 130

Re: What does it mean to vote for someone?

If you vote (or would vote) for someone, does that mean that you must uncritically support everything he does? I cannot answer the question as phrased. I have no problems criticizing those above me in workplaces because I actually do possess more information and knowledge than they do when it comes...
by technovelist
Sat Mar 28, 2020 12:49 pm
Forum: Other Discussions
Topic: Federal Reserve Notes
Replies: 6
Views: 81

Re: Federal Reserve Notes

"A note is a legal document that serves as an IOU from a borrower to a creditor or to an investor. Notes typically obligate issuers to repay creditor the principal loan, in addition to any interest payments, at a predetermined date." (https://www.investopedia.com/terms/n/note.asp) Can anyone tell m...
by technovelist
Sat Mar 28, 2020 12:47 pm
Forum: Other Discussions
Topic: Daily "Check In" Thread For Us
Replies: 99
Views: 924

Re: Daily "Check In" Thread For Us

Day 14 here.....and for the record....I last had any alcohol in December 1974 (45 years ago) and, also, no other recreational drugs since. Vinny So that's your problem. Makes sense to me. Obviously I don't consider it a problem. Always looking at the financial aspect of it, a ton of money that got ...
by technovelist
Sat Mar 28, 2020 12:41 pm
Forum: Gold
Topic: Precious metal coins no longer available
Replies: 21
Views: 792

Re: Precious metal coins no longer available

I heard an interesting perspective on this situation. Erik Townsend from the Macrovoices podcast believes there is no shortage of physical gold, specifically 400oz good delivery bars. The shortage is because mints are unable to take delivery fast enough because of demand spikes and supply chain dis...
by technovelist
Sat Mar 28, 2020 12:39 pm
Forum: Other Discussions
Topic: Presidential poll
Replies: 28
Views: 286

Re: Presidential poll

Good grief! Someone actually voted for the shrill screecher. I think the poll could be cooler if Calvin Coolidge and Aaron Burr were on it. ;D There's no reason for me to not self-identify myself. I'd have voted for her 1,000 times out of a 1,000. Vinny Just bc you live in MA doesn't mean you have ...
by technovelist
Sat Mar 28, 2020 12:35 pm
Forum: Other Discussions
Topic: Presidential poll
Replies: 28
Views: 286

Re: Presidential poll

LOL, poor Biden. He was already battling senility, but now he’s been #MeToo’ed. He’s done. The only question now is who's gonna get the nomination. Not Bernie, that's for sure. It's looking more and more like Cuomo will somehow get in there without ever campaigning. ??? Hillary. No tongue emoji, so...
by technovelist
Sat Mar 28, 2020 12:29 pm
Forum: Permanent Portfolio Discussion
Topic: The tech-dumbell portfolio
Replies: 7
Views: 105

Re: The tech-dumbell portfolio

What is the approximate date of inception and performance since then? I can't imagine not owning stock but I've been fascinated by your portfolio since I first found about about it. I don't have records that would make that easy to calculate. However, the earliest records I have (10/1/1997) show me...
by technovelist
Sat Mar 28, 2020 9:59 am
Forum: Gold
Topic: Sold out
Replies: 15
Views: 275

Re: Sold out

I'm of the opinion that the very concept of price gouging is specious. I guess as long as fools are willing to pay a ridiculous premium when there are many other ways they can get gold exposure that are not a rip off the "gauging" will continue. But at the end of the day, buying retail coins from a...
by technovelist
Sat Mar 28, 2020 9:17 am
Forum: Gold
Topic: Sold out
Replies: 15
Views: 275

Re: Sold out

I notice people calling gold ETFs paper gold. I always thought these gold ETFs store real gold in a vault. My thought on the shortage of gold coins is that maybe mom and pops are going to their coin dealer to buy gold due to the massive money printing that's happening, but the coin stores didn't ha...