Okay, true enough, I am voting with the majority with the Dow at an all-time high and that breaks my rule number one. What's even funnier is that I am repeating exactly the same purchase at almost the same price, in the same name, Globalstar, with the same "they should get it right now that they have seen reality up close and personal" wishful thinking.
Those real estate quotes you gave made me feel queasy.
We had a Toaster Invitational to price QCOM in 2006. I was amazed at the optimism in SI. I am set to win the competition 'high for the year, low for the year, and end of year'.
For almost a decade now, I have been worrying that there could be a cascading financial implosion, and not only that, I am planning just that, though my Qi is still some time away from deployment [somebody else could be going to turn it loose on the planet tomorrow for all I know].
We are monkeys in a real-time, never in human history, experiment in megalopolis living with umpty $trillion in interwoven financial instruments with a fantasy currency based on politicians' promises and electorates' goodwill and good sense. At least a lot of people are heavily armed, including with umpty thousand nuclear weapons [sometimes called "peacemakers". If we are going to have fun if the experiment goes bung, we might as well have a LOT of fun.
So, yes, I am running with the herd in one way. As you know, there is nowhere outside the monkey cage. Owning gold is just sitting in the herd too. There are no hills to head for. The planet is round. We can only pick positions and strategies which will limit damage in the case of catastrophe which I agree has a far-above zero probability, though far from 1 in my estimation.
Some cringe in a cave in Montana, clutching their Aztec totems, or sit on top of a mountain, waiting for the rapture and second coming. Some prance around in Hong Kong, having fun as Rome doesn't burn but matches are struck all around. Some whistle past the graveyard and carry on regardless, planning on having enough on the other side to carry on. I note that you have not sold all possessions to deposit gold bullion in many locations around the world, and have not purchased an aircraft for prompt escape. So you are not totally convinced that carnage is coming.
Iraq is just a sideshow. Horrific and unnecessary for those affected, just as the Twin Towers destruction was a sideshow and purposeless in the grand scheme of things though Osama and co thought it was better than launching Globalstar.
Mqurice |
