did an important trade Message 25114218
then got caught up on the news flow
ice coffee and adrenalin, sense time to rise to the opportunity, by and by
while very excited, but
went through portfolio to mark to market on real estate, just for the heck of it, to see what would happen should i really wish to unload today on everything as many in hk must soon enough do or die
my result is theoretically tolerable
that cash mountain sure is nice
and that cash mountain includes gold
but if one actually must live through 8 years of the dark interregnum, and especially if accompanied by japan-style zirp policy, the living would be uncomfortable, as monetary inflation dilutes cash, tepid stock and real estate markets provide no protection against dilution, and one has to spend down nominal cash
conclusion, babyboomers without savings (as opposed to tanking investments) competing against new job mkt entrants, and rewarded by ever longer hours of toil, and imploded 401k, and at negative cash flow on 'investment properties' and leveraged, are victims #1 through millions
prc banks are fine.
hkg banks may not be so fine.
all govts will guarantee all deposits when push comes to shove, but will pilfer from same accounts even as they 'guarantee' them
i am staring at my gold ledger, and note that against everything else except for the dollar, they did absolutely fine, and between the dollar and gold, before, now, and going forward, i take gold, by and by
my thoughts on yen, its rise will be short lived
the issue to me is not how to scale into yen, but how best to ease over to still more gold
also born before 2008 :0) |
