"wei xian" = danger
"ji hui" = opportunity
"wei ji" = crisis = danger + opportunity
fwiw, for context,
i am positioned high (48%) cash (yen, hkd/usd, chf, cad, in order of allocation size)
(9.7%) physical gold/platinum
(10%) energy (petrobank, vermilion, suncor, shenhua, sxr uranium one, canadian oil sand, baytex, peabody, karoon gas, cameco, oilsands quest, ...)
(2.5%) pm shares (agnico eagle, barrick, yamana, golden star, pan american silver, silvr standard, nova gold, northern dynasty, nevsun, minefinders, metallica, claude resource, zijin, impala platinum,
(1.3%) misc resource plays (baffinland iron, noble group, cresud)
(0.4%) real estate plays (MTR - metro in hk, alexander & baldwin, koh samui airport,
(0.4%) proshare ultra short financial
(0.8%) hk hotsie totsies
(27%) rental real estate
i believe inflation is real
debt depression will be put off by deliberate inflation
but will eventually happen anyway
i.e. zimbabwe solution first, argentine outcome later
if to hold only one asset, then gold is good enough. |
