Gold and Silver II

To expand on my recent post about Gold & Silver investments [see February 27, 2008 post], I keep the asset class percentage between 5% and 10% of my Krypto Fund. During the recent run up in gold and silver prices and concommitant decline in stock prices, that percentage went to 14% - maybe more as I don't check allocations daily. So as posted, I am selling as fast as possible to get that asset class size down. Physical gold and silver must be sold slowly or the weights and $ amounts can overwhelm me for former and the coin dealer for the latter. So I've been selling for weeks while the price continues to rise. That is good !

Thinking about this situation, the fact that gold and silver are now (1) at my long term price objectives, (2) generational highs, (3) and have parabolic charts, I now intend to cut my gold & silver allocation to 7.5% and may cut it to 5%. That means a lot more selling - weeks even at triple loads per week. But at these levels and the news and public interest, my instincts tell me to sell a lot more.

I'll be buying stocks with the money, more banks plus high quality industrials with large export businesses and perhaps some transports. And some municipal bonds if prices are right. But Mrs. B's broker said that the public is waking up to these municipal bond prices. We were going to buy some more, but they were sold before she could give the OK.

Words of the Day - "A" Words

"Ascribe" - verb [$10]; and "Ascription" - noun [$10]
(I read the term "ascription" in my book about Byzantium yesterday and thought I knew the meaning, but did check and neither this word nor "ascribe" was in my card file. I probably knew "ascribe" as a young man, but thought I should add it to the file now as the root of "ascription").
Ascribe means to attribute to a given cause, source, or origin; 2. to assign as an attribute.
Ascription means the act of ascribing; 2. a statement that ascribes.
Sentence: Political advertisements must by law contain an ascription regarding the payor.

"Asperity" - noun [$10]
Asperity means 1a. roughness or harshness, as of a surface, sound, or climate: the asperity of northern winters; 1b. severity, rigor; 2. harshness of manner; ill-temper or irritability.
Sentence: As the race between Obama and Hillary approaches the convention still practically tied, Bunkerman wonders if they will show increasing asperity in their comments on each other.

"Assiduous" - adjective [$10]
Assiduous means 1. perservering, hard working; 2. attending closely.
Sentence: "Marx was quite assiduous in that he was not a philosopher." from "Great Ideas of Philosophy", part 4, notes pg. 33 under Marx.