Quote from: cAPSLOCK on July 28, 2025, 11:36:25 PM

Maybe you just want to go to San Francisco and live as a homeless person for a couple weeks and see what that's like.

That would be a pretty scary, and yeah two week? Wow.

There might be certain points in our lives when we might not have anything to lose, and we give homelessness a shot, but I recall a couple of times seeing some homeless guys who had some pretty nice things and they looked healthy and even in pretty good shape.. so like maybe early 30s and in pretty good shape and health, but after several months on the street, they had most if not all of their things stolen and then getting beaten up from time to time takes a toll, even on those who appear to be healthy and strong.. Surely other homeless will likely target the homeless who they believe have more things that they can get.. and if they can get those things without having to ask, then all the better.

Quote from: _act_ on Today at 01:08:02 AM

Before they talk of gold but now also bitcoin
Billionaire Ray Dalio Urges Investors to Allocate 15% of Portfolios to Gold and Bitcoin

Wow. He seems so lost with that level of lackening in specifics. With such vagueness, it is like he is suggesting 7.5% in each... which many of us would consider that kind of 50/50 to be absolutely crazy. Bitcoin is about 1,000x better than gold, yet bitcoin is about 1/9th of gold's current market cap... bitcoin has a lot of uppity to still play out relative to gold, and sure it could take a while, but still, we should not be considering them to be some kind of similar kind of an asset. Gold had already lost in regards to its demonetization in previous times, so why would gold recover from its having had already lost.

I hardly believe that gold is necessary at all, so in that regard, I would say at most with a 15% allocation to both, then 1.36% in gold and 13.64% in bitcoin, and even that might be too much allocated to gold.

I have actually been recommending 5% to 25% in bitcoin since 2020, which if the allocation were to be 25% to bitcoin, then at most 2.5% would then be permitted for gold, even though there still seems to be a some distraction by having that much gold, relative to bitcoin.