hello carranza2, i remain on my earlier programmed auto-pilot course, namely to get out of usa assets, usd, usa custodial institutions, and as much as possible, usa splash damage zones (china, japan, mexico), as well as to stay clear of europe to the extent that i can.
i remain true to energy;
faithful to gold;
am adding food; and
adding hk physical real estate.
because
the true direction of the genuine trend is as before, i figure, namely GuDd morphing into GuapDo (gold up, all paper down), and a forced debt deleverage process by weak players about to go belly-up while others trying to catch a bouncing knife trade is to be welcomed - the gift must be taken, so that blessings can be counted later.
what allows me to sleep soundly is as below:
32.77% cash (23 out of 33 is hkd/usd, yielding zip)
16.17% pm (yielding nought)
30.79% real estate (yielding maybe 6% on cost)
20.28% equity (27% short wagers against china, financial institutions, real estate, mexico, and even a bit against gold, and rest comprised of longs in the usual stuff).
i figure i should remain as is, as long as (i) the market seems to be saying that the bear market in financials that was an 18 year orgy is over, (ii) recovery discounting is now, (iii) even though energy will be spanked going forward due presumably to soon to be tanking prices, (iv) food inflation is not for real, and (v) the empire can get on with the happy program that was dollar printing, we think they sweat, and war making.
because (i) through (v) cannot be simultaneously true.
i am still preparing for the worst, and so will take the respite in gold space to further and meaningfully up my physical gold hoard (which by the way remains essentially bid-only in hk physical market), move away from paper money, and go for real estate yield in balancing out the equation, and all the while get away from counterparties to the extent one astutely can and must.
road markers to watch for? fiat money inflation, capital control, taxation / redistribution, default / confiscation, and evaporation.
chugs, tj |
