Hi KyrosL, On the Aztec Cross of gold, what Maurice has failed to take into account about his 6dotOdd billion CDMA folks is that …
(a) Every ounce sold by CBs, houses, mines, etc, was bought eventually, and retail folks who buy tend not to trade, for anchoring a state of mind;
(b) If there is no demand, why do the mines exist?
(c) Gold has been useless only to the Americans over the past 20 short years;
(d) America is now no longer apart from the world;
(e) Stepping into a time machine, randomly going forward to a time unknown and landscape uncharted, and now, just before, quickly, decide what to place in your single piece of luggage.
Or so I keep telling myself, as does CNBC do with equity LTBH.
The key is allocation percentage, not if.
I keep reminding myself, in relation to Bangkok Bank distressed bonds, Softbank, HK real estate, and Gold, open the cages of ancient sins, be they greed or fear, and the same monsters step out each and every time, without fail.
Human nature is predictable, especially when aggregated in large agitated numbers, surging forth in one frenzied mass, and so will be the end to the equity market and the rise of gold, predictable, especially if one is not fussy about the timing to the specific month.
Chugs, Jay |
