Hello Pezz, Morning Report:
I am confused.
I shifted some HKD to AUD and CAD for my business' bank account;
Exchanged some personal USD for Euro;
I really wanted to add Thai Baht, but am too scared of the staying power of the 80-year old king;
Was tempted to buy small amount of physical gold, even as I checked ammo pile to make sure that I am positioned to buy a large wallop of silver ETF tonight; and
Was simultaneously tempted to sell large wallop of paper gold to claim paper profit, so as to pay for small dollop of physical gold, because I have not a clue what currency I wish to sell the paper gold for in the first place.
Such is the evil of Internet-enabled moolah management technology.
Thus confused, I did nothing about gold, paper or physical, so far.
On Iran, I think it is just another trap, but a more consequential one.
Meanwhile, in Iraq, I understand the US is building heavy duty bunker base complexes, like in the good old Crusade days of yesteryear.
The hub-base-and-spoke strategy did not work back then, and I do not see any reason why it would work today; if anything, super bases today are even more vulnerable than castles of yesteryear.
Chugs, J |
