I respect your opinion.
My view is that I buy physical silver & gold, waiting for economic honesty and sanity to return to the globe. In the meantime, a large % of world growth is debt capital-- meaning someone is being stolen from in order to create redundancy else where. The big shift is those being stolen from rush to the exits of bonds and fiat, and so they have no where to go but hard assets. Paul Van Eden explained today that 90% of oil's price rise has been inflation (and that is only using the liar CPI-U, much more than 90% if he used SGS):
youtube.com
Honesty equity == silver & gold, waiting for death of fiat liar economy bubble
Greater fool investing == commodities in general, waiting for rush to hard assets as the insanity of the debt bubble rushes to climax.
Paul Van Eden has some other good points about how most of China's growth is exports (at least up to 2005) and about debt capital illusions:
paulvaneeden.com
We will get growth in global economy, but at least on the margins (most of the growth) is redundant, debt driven growth, so indeed it is a function of monetary inflation (debt bubble), so I look at the largest current losers in that paradigm (bond holders) and if they move out of bonds as Bill Gross of Pimco is advising, then that is the "greater fool" force coming:
gold-eagle.com
MMG is well positioned, both on honest value (silver) and on that greater fool bubble money coming, given it's superlatives for Zinc, and listing on major USA exchange.
That is my opinion for now (and since 2006, when I told Aloha that I preferred silver over Zinc...which turned out to be correct). As I said, let's look back in 2 years and see if I was a kook. Maybe I am. |
