$1,000 it is!!!

warren edward buffett - the world's richest man
gold jewelry
silver jewelry
gold has finally reached the promised land!!! it has finally breached the 4digit level. :) according to the charts the minimum upside of gold is $1,020 and who knows what will happen after that??? but looking at the long-term charts of gold like way back 70's and 80's the minimum upside that i could see from the charts is $1,250 and i know what's going through your mind that i might be crazy or something but hey im just telling you what i can see from the charts. :) hehehe i remember when i told my dad this the first time it was like almost 2years ago i was driving and he was in the front seat and he violently opposed! hehehe but now he's a believer. ;) because if you now look at it fundamentally it is now very much possible with the recession in the us and also being an election year you can't expect the next president to immediately make an impact in the economy because those things take time. :) so expect the same from the us in the next 2 to 3 years which would mean a stronger peso against the dollar and higher commodity prices. so the question right now is.... do you buy or do you sell??? the answer i believe that whichever way you go you just have to remember that there should always be a margin of safety in whatever course of action that you will take. :)
     i am now inclined to tell you a story about a friend. i decided to tell you their story as a lesson for all of us. let us remember the important principles of value investing margin of safety and preservation of capital.  this friend and all of her siblings did'nt practice these important principles which in the end made them broke. it is really a sad story to tell but it is something we can all learn from.  after the death of their mother the my friend and her siblings got a sizable inheritance and instead of investing the money into something that could give them good returns they threw it down all in the drain. the most important rule in investing is that you should never lose whatever money that it is that you or in short preservation of capital. :) and then margin of safety they also did'nt practice this because of putting up a business or working to earn a decent income to support themselves they instead decided to live the good life and spend their money and spend it until they got broke. when they got the inheritance their relatives advised them not to spend and take good care of their money but all of these fell into deaf ears. if theu listened to the wisdom of their elders this tragedy could've been avoided. the sad part of it all is that the elders that they didnt listen too are now the people they are running to for help. i really dont know how i could help my friend but if i do help her she should at least have the will to help herself.  let us remember that life is not easy and it is those challenges that we have in life that make life more colorful and give us character. lets go and fight the fight. :) good luck to everyone looking for bargains in the market because there are a lot. God bless.
p.s. for any comments, suggestions or questions you can email me at compounder888@gmail.com
a friend texted me and asked if metrobank is having a bank run. i told him of course not because if the biggest bank and one of the most stable banks in the country does have a bank run it would surely mean the end of our country and everybody in it.
i would like to end this article on the lighter side. what is the difference between a penis and life??? answer: life is always hard!!! hahahaha
good luck manny pacquiao! go out there and make us proud. :)