Time to move some Money

[sparrowlink]

Hi All; I Think it is time. To warn People, to move some money into a more diversified form. After the Election, I think we will see all the Bad News. That the Market has been ignoring. Keeping Just some oil stock in USO. I moved all Monies out of the Market. I have bought about 26K in Gold & Silver to keep around the house. and am moving 40K to Ever Banks World Market commodities CDs (Held in other currencies):) . I also am keeping the Bulk of my funds in, Weiss short term Treasury only fund. Just in case I will need to move Fast. My worst fear is that Japan, China or some other Country will start selling US Treasury Bonds, That would start a panic in the Dollar. I also bought 10K in the BEARX FUND. I hope to make up for any money lost in the down turn of the market.:) Can anyone think of any other precautions?

[Jim Nickerson]

Hi All; I Think it is time. To warn People, to move some money into a more diversified form. After the Election, I think we will see all the Bad News. That the Market has been ignoring. Keeping Just some oil stock in USO. I moved all Monies out of the Market. I have bought about 26K in Gold & Silver to keep around the house. and am moving 40K to Ever Banks World Market commodities CDs (Held in other currencies):) . I also am keeping the Bulk of my funds in, Weiss short term Treasury only fund. Just in case I will need to move Fast. My worst fear is that Japan, China or some other Country will start selling US Treasury Bonds, That would start a panic in the Dollar. I also bought 10K in the BEARX FUND. I hope to make up for any money lost in the down turn of the market.:) Can anyone think of any other precautions?

Welcome, sparrowlink.

Are you calling the top in the equity markets? If yes, then perhaps you will turn out to be correct. So far, anyone that I have read anywhere who has stepped up and attempted such calls appears to have been wrong so far, but at some point someone has to be correct.

I think as long as you can find people calling for a top, the calls will continue to be wrong, except at some point a lone voice in the wilderness will be calling the top and will hit the nail on the head.

Think about it, or research it (I am too lazy), how many people were putting up calls of a bottom this past July? No one, that I recall at the moment. If there was a lone voice in the wilderness back then--at the bottom--either I did not hear it, or I did not believe it. I think it will be the same at whatever turns out to be the top of the current run.

I think if you read a lot of iTulip, you may conclude owning some precious metals might not be bad, and if you have enough money to no longer need to work, 26K in coins may not be much in PM's--there are gobs of assumptions in the latter part of that statement, so it probably is not worth thinking about.

Good luck.

[spunky]

I have been doing a similar plan, to yours sparrowlink, for 4 months now. Just keeping enough US dollar around for emergency purposes. I have 0% US equities , 15% international diversified funds.

I think silver has a bigger upside than gold. You wont miss the train in silver like gold if a big central bank makes a move overnight. Plus silvers industrial applications hedge you . If the Indian and Chinese economies keep chugging the commodity aspect is still there.

[jk]

fwiw, i'm 19% in gold and related [mostly gld, some miners], 6.5% silver and related [slv and paas], 27.5% currencies and foreign bond [unhedged] funds, 12.5% canadian income trusts-mostly oil/gas, 30% hsgfx [hussman fund-exposure to u.s. equities but fully hedged for some time].