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<p>[QUOTE="InfleXion, post: 2238618, member: 29012"]Depends on the individual. For me the answer is never, because my goal is not profit in debt based fiat currency. My goal is to acquire real money, and every time I trade away debt notes for real money it is 100% profit in real money since I didn't pay any real money to get those debt notes, rather only my labor.</p><p><br /></p><p>The most recent definition of the US Dollar is in grams of gold or silver, and the most recent definition of a Federal Reserve Note says it is redeemable for metal which is no longer the case. I can't understand why anyone who knows this would care about profits in something so vacuous unless they are either greedy or have no wealth. Anyone who measures wealth in these debt notes instead of real money is at greater risk of becoming obsessed with profits and being a weak hand in the market than those who view precious metals not as an investment, but rather as a divestment out of the de facto currency we use in order to get back to a position of sound money.</p><p><br /></p><p>I suppose for most people, they become obsessed with speculation when they prioritize greed over wealth preservation. Not a safe outlook in my opinion.</p><p><br /></p><p>My own personal allocation is about 1/4 home equity, 1/4 ETFs, and 1/4 physical metal, and 1/4 cash. I would like to be heavier into metal, but I can't liquidate my ETFs without significant penalty as they are my retirement. However, I do hedge that with a mix of gold miners (TGLDX), S&P 2x bear (DXSSX), and basic stock and bond funds. I plan to dump the S&P bear in a few months after equity markets complete their megaphone pattern dating back to the dot com and housing bubbles.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 2238618, member: 29012"]Depends on the individual. For me the answer is never, because my goal is not profit in debt based fiat currency. My goal is to acquire real money, and every time I trade away debt notes for real money it is 100% profit in real money since I didn't pay any real money to get those debt notes, rather only my labor. The most recent definition of the US Dollar is in grams of gold or silver, and the most recent definition of a Federal Reserve Note says it is redeemable for metal which is no longer the case. I can't understand why anyone who knows this would care about profits in something so vacuous unless they are either greedy or have no wealth. Anyone who measures wealth in these debt notes instead of real money is at greater risk of becoming obsessed with profits and being a weak hand in the market than those who view precious metals not as an investment, but rather as a divestment out of the de facto currency we use in order to get back to a position of sound money. I suppose for most people, they become obsessed with speculation when they prioritize greed over wealth preservation. Not a safe outlook in my opinion. My own personal allocation is about 1/4 home equity, 1/4 ETFs, and 1/4 physical metal, and 1/4 cash. I would like to be heavier into metal, but I can't liquidate my ETFs without significant penalty as they are my retirement. However, I do hedge that with a mix of gold miners (TGLDX), S&P 2x bear (DXSSX), and basic stock and bond funds. I plan to dump the S&P bear in a few months after equity markets complete their megaphone pattern dating back to the dot com and housing bubbles.[/QUOTE]
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