Gold!

This ability for a relatively small portfolio component to "punch above its weight" and potentially reach out and shield a much larger portfolio from inflationary losses is both rare and extremely valuable.

http://danielamerman.com/course/a/pgSIXTEENok.html

Good article on the recent yield inversion:

http://danielamerman.com/va/ccc/E1SevenWords.html

Everything's coming up Millhouse today!

This has been my favorite thread of the year. PS returns from silent retreat to proclaim the gospel of 100% equities. For me, what little wealth I have is hard earned and I don’t know if I can do it again. I like having 25% of my wealth outside the system, where the have nots and do naughts can’t to...

There are likely far more African dictators and white collar criminals than Harry Browne types, so perhaps this is one case in which the lack of privacy is progress. (I feel funny just typing that, though). Trust the funny feeling. Reduced privacy for the good guys in order to catch bad guys is not...

I'm pretty sure Harry would have found a very polite way to say "you're insane, good luck you're going to need it" if you had the opportunity to tell him about investing in Bitcoin. That of course is the direct translation of "I wish you well". There are too many known AND as yet undiscovered probl...

boglerdude wrote: ↑

Sun Aug 19, 2018 12:42 am

Right but which coin(s) will survive

Yeah. Seems like the prudent thing to do at this point is to sit on the sidelines unless you have good reason to use the currency. The idea is out there; it's not going away.

Ad Orientem wrote: ↑

Sun Aug 12, 2018 11:35 pm

Bitcoin is the greatest racket since someone started selling pet rocks. Of course when you bought a pet rock, you actually got... a rock.

How so?

As an investment speculation? Yeah, sure, perhaps.

But as a permissionless currency outside the reach of governments? I disagree with you here.

> What are others here with small children doing for college savings?

I'm happy w/ the ESA we opened at Schwab. Doing a PP within the account is a breeze. Wish I could say the same about my own retirement savings.

For inflation protection, how about LAND (Gladstone Land Corporation) mentioned in another thread? People gotta eat. Also, it seems like you're going through gyrations in order to make the final portfolio something you came up with: I believe 25% gold would insulate you from a treasury default, but ...

Has there ever been a legit safe asset for a substantial length of time, in practical terms? From what I understand: The first currency was coins, which have been debased throughout history by pretty much everyone. Even if they weren't, you'd still have to pay someone to store them in the bank. You...

hardlaw

Ah yeah, my bad. For some reason that read as Harvard Law to me. Regardless, my point stands. It's not a secret if you talk about it.