sine270

Why not... so long as you wait for a pulback on light volume

I didn't make a load of money on gold by waiting for pullbacks. Some pullbacks never come.

I'm all for selling at a peak though. The type of peak you have pointed out more than once. In future I may listen.

Thanks for reposting chris ct. Its a good reminder to me why its going to be important to continue to hold gold for many years. The physical stuff preferably. Even just to have it off the radar in my old age.

Well, I do not know if the bull run is over. But I will be hanging onto mu Gold a bit longer. Im still up on My holding with Bullion vault at the moment, Not for much longer if the price carries on going down. But Im willing to risk that at the moment. I May even add to my holding at some-point over the next few months. I would buy again now if I had the spare funds to do so.. Im willing to hold a bit longer to see what happens. I will give it time.

 

I do not have a get out price in mind. Do any of you? Are any of you looking to sell ay $2000, $3000,$5000, $20000 ?? I have to tell you the truth. Im never even given it any thought to what sort of price I would be looking for to sell. I may spend some time doing that now. Im Still worried long term about the world. Not just the money side of things but worried about many of the troubles that we face now and in the coming years.

I am happy to get out around about this level. Its going to take a couple of years though due to cgt so if it gets another wind I'll perhaps be able to take advantage of it. I dont need to get out at the top to feel happy with what has been a great investment. It did help getting in early though so never had to worry about making a loss. I always did think I might end up holding all the way past the top then having to sell on the way down but I see nothing wrong with this. Not that I'm saying the top is past because I have no idea. I'm just saying if.

The only thing that will matter is how many ounces you have. Think in terms of ounces.

This only works if you are thinking in terms of armageddon happening any time soon. And this needs to be coins/bars. No good for GM/BV even.

Otherwise you really need to be thinking in terms of how much house you can buy for your ounce of gold. This has reduced from 6 months ago.

And from my recent experiences I think people need to think more about CGT. ETF's are far easier to buy and sell/ wife & breakfasting etc. Cant do any of that with coins. Devils advocate here as I have coins too.

As everyone knows, there MAY be a problem with ETF's or Paper gold someday.

But thus far they have provided a low cost and effective trading vehicle.

 

So we can say:

+ there MAY be a problem with ETF's or Paper gold someday

+ there MAY be a dramatic collapse in Gold prices someday

 

Both of these are risks that one may choose to take or not take.

Thus far, the bigger risk has been from the downwards move in Gold

As a buy and holder of real and paper gold I have always agreed with this. The risks you have mentioned have perhaps started out small and have increasedd over the years. I have always considered the biggest risk to be downwards moves in gold/silver.

I wanted the liquidity of the ETF's but they were always going to be the first to go. I will have to buy again withing 30 days for CGT purposes but I am now getting out of paper gold as quickly as my CGT allowances will allow me. After that I may follow with my GM holdings and the coins will be the last to go if ever. There is no real reason for my actions now except I need the money and maybe there is a limit to how long one should continue to push ones luck. In effect, I will now be averaging out and it will take a few years to be all out except coins. The way I see it is that just by avoiding CGT I can afford to lose out in not selling at the best times price wise. Also it helps if I have my hand forced to a certain extent because I am not great in judging markets. On the way up I often had a set buy every month and I'd quite like to have the same on the way down. It'll probably work better than me panic selling at all the wrong times and having to pay cgt.

Just to put in a good word for PM ETF's, I dumped 80k worth of GBS and PHAG a couple of days ago. Held them for 5 or 6 years. Had no problems at all (except now the Capital Gains). Paper? Maybe or maybe not but it worked despite what everyone was saying about the dangers of ETF's. Will be buying again soon in a joint account to get twice the CGT but thats for another thread. Point being that non leveraged ETF's are a highly effective way (or at least have been) to buy and hold or trade gold and silver. Dealing costs next to nothing and no hassle.

90% chance it won't touch $140. I think you're projecting your own view onto that chart. The trend is the other way.

I was thinking that. It all just depends where you draw the lines.

I just dont understand what all the arguments are about.

Everyone here is making money on gold right? RIGHT???

So whats the problem? Why not wait until some people have lost their shirts then we might have something to fight about. Personally I find it quite easy to keep my mouth shut and sleep easy. But maybe thats becuse I've been Buy and Hold for the last 7 years. I've bought at peaks, I've bought at troughs and I've bought half way between the two, and its hardly made any difference. It hasn't been necessary to be clever. All it took was to believe in Dr B when he was ramping gold back in 2005

IMPORTANCE Of Intuition.

 

Coming back after seven months in Indian villages, I saw the craziness of the Western world as well as its capacity for rational thought. If you just sit and observe, you will see how restless your mind is. If you try to calm it, it only makes it worse, but over time it does calm, and when it does - there's room to hear more subtle things - that's when your your intuition starts to blossom and you start to see things more clearly and be in the present more. Your mind just slows down, and you see a tremedous expanse in the moment. You see so much more than you can see before. It's a discipline; you have to practice.

 

A bit along the same lines as Dennis McKenna's comments in one of the above interviews. He says life is a hallucination because everyone see's it a little differently depending on upbringing, genes, dna etc. Some see it very differently, I think in his example what an amazonian hunter sees as he makes his way through the forest is entirely different to what you or I would see. Likewise we are comfortable in the city whereas he might find it very nerve wracking.

Perhaps it can be taken further by considering the case of animals. Many get run over by cars. Could it be that the way they hallucinate in this world is so different to the way that we do that they cannot even comprehend the idea of a large mechanical object speeding towards them. Their mind therefore does not take the correct action to preserve their life even though self preservation is the main activity in their life. With dogs/cats it is different as they are more atuned to us.

It is simple: I am open-minded,

but also aware of who I am and am comfortable in-my-own-skin, without trying to be someone else,

I find that pretty complicated.

Are you a parent yet?

 

(PS That wasn't meant to imply that you did something else under the influence of san pedro that night , just that unconditional love does exist, but is often only realised once the little-uns arrive on the scene).

Yes but its very different. There is something very eternal about the other.

I've never heard it put that way, interesting view .

 

But in answer to the question, it's probably (sadly) as much to do with the fact that they don't tax it as not having our interests at heart.

I'm surprised you haven't. They are just there for the picking if you know where to look (which I dont unfortunately). I think up until 2005 or so you could buy them online but now thats all been knocked on the head too. Holidaying in Peru is a good way round that I think.

JD did you listen to the Dennis McKenna interview as posted by last ninja? He more or less says that you have to take a really large dose of the mushrooms if you want to see anything significant. Otherwise its just a party drug.

Once one by-passes the tedious three dimensional past present future illusion, then watching the mayans and the evolvement of the microchip at the same 'time' should keep one on a high, until the council tax bill drops on the mat. (The UK can be so relentlessly cloying).

 

With guidance from the elders, one could recall (rather than learn) one's place in the universe with substances; but not in this spiritually bankrupt culture.

Priestcraft has so much to answer for. Technical progress tends to mask the stench of stagnation 'elsewhere'.

However with an eternity to perform in, and the unconditional love of the 'Is', we will all remember, one day.

Recalling through the DNA perhaps? Or so the shamans will tell us if we ask them how we can see visions of things we've never seen or imagined before.

As for this three dimensional past present future illusion, Dennis McKenna agrees with that in the above interview. Its only the way we see it because of the chemicals in our brain, and we all have approximately the same chemicals in our brains, well most of us do. Hope you're right about the eternity to perfom in. Strange though that in this illusion the unconditional love is lacking. I only ever felt it once with a little bit of help from san pedro;)

^^Interesting footage. I believe its real. There are plenty of fakes around but that looks and feels genuine to me. It ties in with what I've read about these awakened people who are afraid to allow their "powers" to go public.

You're a hard one to figure out Mr Bubb. You seem fascinated by the whole expanding/changing consciousness and meditation etc but there seems to be a line you dont want to cross. At the end of the day unless you've spent your whole life meditating everyday you're unlikely to break into other realms of consciousness without a little bit of additional help.

How can plants/mushrooms that grow of their own natural accord without even being cultivated be classed as illegal to consume? I am new to this way of thinking. Something to do with the realisation that the people who make the laws dont actually have our best interests at heart. They dont want us to realise things. Yes they want us to think there is a god but they sure as hell dont want us to go looking for him.

The Paratopia podcast interviewed Terrence's brother, Dennis McKenna:

 

http://paratopia.org/?page_id=10

 

I like Paratopia, it has a good mix of humour and scepticism while exploring a lot of ideas. There's an interesting episode on the subject of ayahuasca (the Brandon D one) too.

 

I had such a crazy nightmare when I fell asleep listening to that one. They mention a common theme in ayahuasca trips is a sense that there is some kind of demonic parasite always with us wrapped around our soul that we're not normally aware of, it's so familiar that we don't distinguish it from ourselves. I was asleep as I heard this but lucid and I thought if you can see this demon in altered states perhaps you can see it when asleep so I sort of turned inside my head to look for it, and there it was. I completely freaked and tried to wake up and sleep paralysis kicked in which I interpreted as this demon locking me down as some kind of demonstration of power.

 

Eventually I shook myself awake but I was still convinced it was real and that feeling just gradually faded. I'm still confused as to why I thought it was so real after I awoke. The dreams associated with my sleep paralysis episodes get more elaborate every time.

Thanks for that Last Ninja. Very interesting talk from Dennis McKenna. I hope JD and Dr Bubb have listened to it. I think he addresses many of JD's points of scepticism.

Interesting about your dream. I've also had experiences like that before with sleep paralysis and demonic type presences. All pretty scary but also a little exciting.

Because at that time, I didn't have a care in the world. Now, older and with responsibilities, (and from knowing enough others that have tried such things again, later in life), I'd end up paranoid and on a bad trip .

I'm not so sure that a bad trip is any more harmful than a bad dream. Perhaps it would make one question things a bit more which would surely be a good thing.

As for paranoid, it seems unlikely to happen to a normally balanced person. It implies the opening of a door that cannot be closed again which probably does happen to some. Perhaps in the case of "Schizophrenic" people who seem to shout out at noone perhaps that is what has happened.

 

Not at all. I just try to separate philosophical theories from scientific theories. That's all. There is a place for both.

 

What I “poo poo” is those who try to use science (and scientific terminology) to claim things which are clearly not scientific and have not been studied in a scientific manner. There is a difference.

That makes sense to me. Its a pity there's not more scientific study into things which haven't yet been understood properly.

In the case of breakthoughs in human thinking and expanded consciousness etc this would be a difficult study as there will be few who have ever achieved such a state. Any who have are apparently reluctant to take part in a study.

What I believe is that one cannot take much very seriously what is written about this, and if you really want to know about it then its necessary to take steps in the process towards a personal awakening so you can see it for yourself.

Yoga, meditation etc is a good starting point.

I listened to that, twice, admittedly while writing software ... what is he talking about?

 

He mentions that he arrived at the same date as a Mayan calendar's end date? How did he arrive at the date? He seemed to be going on about an amazing coincidence - that he had done something, or derived something, that came up with the same end date as a Mayan calendar - but I didn't 'get' what it was he says he did to arrive at it?

 

Can anyone explain?

I also listened to it twice (admittedly while watching tv). I think you understood correctly but he did make it very confusing.

He says he arrived by this end date by taking psychodelic mushrooms (or possibly ayahuasca knowing him). What he refuses to say is how he was told.

Perhaps it was

 

(Oh, we were far too young to have cars back then)

So why not try again now that you are older and more educated?

Not that I've read all the posts that you and Bubb have fired back and forward but I can see that you like everything to have a scientific explanation and you are quick to poo poo anything that some would see as "unexplained".

Oh, not just the termanily ill, I thought they were great (I had never seen a cow smile before ), but a friend of mine ended up in hospital cos he thought his quilt was trying to eat him . Didn't have any more after that.

 

Of course, we were very young and daft at the time

Maybe the cow really was smiling only you dont normally see it.

Young and daft people drive cars too with the results often not good then either.

Interesting though. He's not an easy guy to understand. What I thought he was saying is that he had visions during magic mushroom sessions which made him understand what the Mayans understood.

What do you reckon? Is there anything worthwhile to be learned from psychodelics? I heard that giving magic mushrooms to the terminally ill had a miraculously positive effect on their psyche.

Not sure if it has been posted elsewhere, but I came across this from Frank Barbera on Chris Martenson's site a couple of weeks back.

 

gold-surging-buy-mining-stocks-not-so-fast-says-frank-barbera

Very interesting thanks.

Modest uptick the last few hours of trading yesterday. I'm guessing even at this level people feel they will sleep better over the weekend if they are "in" rather than "out". Consolidation anywhere around this level would be quite a result IMO.

Gold £900.30

 

Silver £25.00

 

Yes, silver up 126% in the past year. If you tryed trading that, you'd loose a lot more than just your knickers

Capital Gains question about gold held with GM or BV.

Dont know if this has been discussed before, but can CGT be avoided when selling GM or BV holdings by selling and leaving the proceeds there in the pot and only withdrawing it to the nominated bank account at maximum CGT allowance each year? Thanks.

Good Luck with that pullback romans you still holding on.

I never could work out this "buying on the pullbacks" thing that people seem to talk about.

What if the next pullback is to $1300?