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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 379.91+0.4%4:00 PM EST

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To: TobagoJack who wrote (32455)4/8/2008 1:45:21 PM
From: Lazarus_Long  Read Replies (1) of 217673
 
gold, a bubble?
At $35/oz? That was a bad hoke and we all knew it.
At $1000/oz? It isn't there any more, is it?
finance.yahoo.com
When you get the sort of excitemnent and buzz that surrounded gold lately, you'd better consider a bubble. 5 years from now, gold might be fairly priced at $1000/oz (if the US$ keeps up its dismal record- -and it's hard to se how it can avoid it).

ltbh as opposed to trades - the following positions are of the same wager
Depends on your assumptions. LTBH is a sucker's game if inflation keeps moving.

cash: chf and gold and silver
chf?

resources: food and platinum and energy of all sorts
Is China also a bubble? If so, that could be a bad bet.

equity: presumably debt collectors, alcohol, prison reits, and weapons makers
People are getting tired of paying $60K a year to lock up scumbags. This could easily backfire.
Weapons makers? What you got planned? :-)

real estate: positive carry in genuinely free societies with tiny and fearful governments with enormously large hinterlands driven by once in 800 years and deeply thorough systemic reform of every sort
That eliminates the US. We haven't been here 800 years.
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