All great point. Some thoughts though:
<We have not seen a frenzy or fever in gold stocks on this last run of 8 years.> Maybe there is a reason we have not seen this. I remember the perma bugs talking this same story back in 97,98,99,00,01,02,03.... well you get the picture... Always waiting on Joe to come stampeded in and cash out the smart ones who got in early... "When gold gets to xxx, it will explode..." lol
<Sure oil is finite too but.......people will drive less in this economy.> US uses 25brls per cap, China 1.2, India 1.5... US could stop driving all together and demand will continue to grow simple b/c of the scale of demand... The world will go to war over oil, never gold...I don't see any increased security around the vault at Ft. Knox... ;) Just a thought...
<Americans are cashed out and toy and debt heavy> <I think the 401 K people and the IRA people may not have as much juice to invest with the economy the way it is> Then where is the money going to come from to fuel the pending gold fever?
Can't have it both ways... Either Joe is cashed out and broke, or he is sitting on a ton of cash just waiting for the moment to run to gold and save the days....
<Lot of deficits still, lot of trillions thrown around as billions are passe> American has been here b4 and, in fact, worse off than this... History shows this...
US has the only positive birth rate in the developed world. In fact, there were more kids born in the US in 2007 than any other year.. This positive birth rate will continue to support the US and drive it as the flight to quality.
US still has 16 of the top 20 universities in the world... no other country comes even close... Sure some kids are dumb shits.. but many are not...
I guess all I am saying is betting on the demise of the US is a suckers bet... imho... Sure that fear sells a lot of news letters but betting w/ the doomers is a waste of time.
Just think about it... Americans developed, designed, invented implemented much of the modern world we all love and enjoy today. Many, including the jealous bitch about it, and the manner it is provided... So be it.. This might not last, but it def is not going away anytime soon... Cultures don't change on a dime... China had the second largest world economy in 1895... and it has basically the same today... Hows that for progress.. Compare that to the US.. Apples and oranges in this modern world.
People are not risking their lives to enter other countries, quite the contrary...
Sure their might be some shit sandwiches to eat over the next few months and years.... but, its a small price to pay for the opportunity this country offers...
I am betting long US knowing there will be some bumps along the way... The US is soo far ahead of anyone else in nano and bio tech, just those two sectors alone are worth a long bet..
But, I could be wrong... ;)
Mac |
