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I didn't have gold in mind, but a basket of commodities in demand
already --not because of fear-- but because more countries/people need
them, and would run up in an event of a global war, and would not crash
during a catastrophic event like terrorism, or a spontaneous financial
meltdown.
Of course, if you would rather tie your money up with the best and the
brightest, rather than pork bellies, you can always hedge an S&P
position with volatility futures.
-F
Jimmy wrote:
I've never been able to do that. Like buying gold out of fear. Not
my deal.
Jimmy
Tuesday, October 5, 2004, 1:06:09 AM, you wrote:
FF> Oops, sorry. Mouse-click dyslexia I suppose. Anyway, investing in
FF> certain commodities for catastrophic events is like investing in a stock
FF> before the unexpected good news about the company is released. You just
FF> sit and wait.
Jimmy wrote:
Now that is a leap. So ok buy a basket of commodities and what you
didn't say is what some other guys have been saying is sweep your
futures account every month. Cool I'm ready. When is it going to
happen? That is always the question isn't it?
Basically all wars are based on scarce resources aren't they? Well
maybe not some like Vietnam. That was just a war for fun or exercise
I guess. Maybe a test of equipment or something. I'm not up to date
on it all. Scary stuff. Good thing we have the best toys.
Everybody get ready.
Jimmy
Monday, October 4, 2004, 9:04:06 PM, you wrote:
FF> Today's global cultural/foreign policy morality debate will be
tomorrows
FF> war over scarce resources. Just buy a basket of commodities and
wait it
FF> all out.
FF> I wouldn't keep your blood money parked in cash, because, like
after the
FF> 1929 crash when people went to the banks, today you log on and notice
FF> your broker unable to find your cash account.
FF> Cleveland wrote:
Barry Kaufman wrote:
I am asking for advice on how to insure against a market crash.
I trade intermediate term to long term end-of-day (10 to 40 trades per
year). And trade only market indexes, namely index funds and ETF's for
SP500 and Russel 2000. I can also proxy a short of SPY or RUT by buying
RYDEX or PRO Funds that go against the market. Most of my money is in
Keoghs and IRA's and subject to no shorting regulations.
My trading systems work fine for me but what scares me is a potential
big, violent crash due to unexpected catastrophic news, namely
terrorism. I am thinking about the market close after 9/11, the abrupt
down draft in 1987, and didn't the market close for three months when
world war 1 started?
So, what kind of insurance is there? Leap put options on indexes might
be the answer but I don't know anything about them. I am asking to be
lead in the right direction to do research.
By the way, if the exchanges did close for an extended period, then
would option expiration date be extended?
Thanks, Barry.
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