Hello Pezz, Today’s Report
I will be going to the land of wine and cheese in a few hours, and I understand that a river boat cruise is quite safe from asymmetric warfare that is enveloping the Middle East.
It is a strange feeling, to know that I will be without a PC and less a few clues over the next umpteen days, at such an event-filled juncture.
I hope I can relax, knowing that I have gold, in pure physical form, by paper representation, and have claim via a few shares in entities that mine the stuff.
I would say the shares are not doing well, but no particular harm noticeable as of now.
A pal pointed out that this current battle in the Middle East may stealthily engulf the region, given that there are not a whole lot of folks able and/or willing to broker a peace.
Stratfor seems to think Syria and perhaps even Iran can get dragged into the conflict, and if so, … well, let us not go there and think such thoughts.
Who knows, perhaps it will soon be a time to pause, or, letting the imagination run wild, to retreat in the war against inflation.
I exchange paper money for a bunch of small denomination gold coins, to use as emergency money or just token rewards for the boat crew, especially the chef.
The real trade was I unloaded a few more shares of Modern Beauty finance.yahoo.com, at 1.40, since I had wagered on the beauty at an average price of 1.07 only so many days ago, to claim my 30% gain. I have allocated a portion of the share holding as "sell on double".
For my journey, I am taking with me three Nero Wolfe mystery novels, and one book by John Kenneth Galbraith, titled “The Great Crash – 1929”. I figured a refresher course of reading and follow-on reflection may steady my nerves, pep me up even, so that my paper gold can live to see USD 1,000 / oz, when oil is at USD 100/barrel.
Chugs, J |
