Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
alekad
on 01/11/2017, 21:30:57 UTC
Quote from: BobLawblaw on November 01, 2017, 09:21:11 PM

Huh ? Wha ? The only way I'm going to get any "contribution" to my financials from liquidating my GLD holdings, will be a deduction to offset capital gains.

If an asset performs as badly as GLD has, for as long as it has, my strategy is to put it into something more aggressive. I'll be liquidating my GLD holdings this year, and reinvesting.

Any investment not likely to pull in greater than 8% a year bores me.

I've tried to be "responsible" by holding GLD for as long as I have on principle, but, fuck it. Life is too short.
There is something behind the scene happening to gold and silver for several years. China has been buying gold for 3 years, JP morgan has been buying silver for 5 years. S&P 500 is overheated as never. Wait, don't sell it! Whales want all the minor fish to come out of precious metals.
China is going to implement gold-backed yuan very soon. And China will not want gold to be cheap.
Just hold it, bro, be patient Wink