EP, I think your script is reasonable,what with money printing, emerging growth of the two elephants (especially in terms of resource usage) in the middle of the living room, eventual cost push inflation, and staying traditional in inflation plays. I hesitate on real estate, of several minds, am selling down in California, holding in HK/Japan, and building in Thailand.
I hope to add a geewhizwhoajuliebang platinum grand complication equation of time machine to the portfolio, since it at once addresses several needs: to fondle, platinum, time, machine, workmanship inflation, currency hedge, and portability. Besides, such machines only very rarely go down in price. In fact I have never known them to go down in price. The one I got back in 2001 when Maurice was thinking about the Lexus has gone up in valuation by 279%, just by sitting around, taking it easy.
On capital equipment, not sure, unless they outsource from my part of the globe and are killing their domestic-bound kins, else they are simply waiting to be GM-ed, I fear.
On energy, in particular, I am now anticipating an ever closer Israeli strike against Iran, as Iran gets asymptotically closer to getting the big kaboom. If so, when so, look to oil at 200 USD and higher, and when and if so, look to I cannot imagine what in global economy balanced at the tipping point of monetary ledge.
At some point, the gold price will not only discount dollar troubles, and Yen worries, but begin to take account of anticipating genuine emergencies and true crisis, as it always had in the past, without fail.
Chugs, J |
