I thought you were bullish. Get this quote from a gold bull:
"As an exit strategy, I believe that by the time gold reaches about $600 to $1,000 per ounce, one should begin selling the stocks and investing in the metal, and increase the dollar value of one's metals holdings to be about equal to one's stock holdings. Between a gold price of $1,000 per ounce and $30,000 an ounce, I'd recommend selling all metals stocks, and look to buy other undervalued assets, perhaps real estate, or companies with P/E ratios of 7 to 10."
At $30,000 an ounce, a small island would be nice. Or perhaps a small company like MSFT. I continue to be realistic, but the thought is fun.
I remain,
SOROS |
