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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 374.22-0.2%Nov 21 4:00 PM EST
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To: ecrire who wrote (25799)9/3/2011 3:09:07 AM
From: GST10 Recommendations  Read Replies (2) of 29622
 
Investing is the art of seeing the future and being patient enough to let it arrive. If you cannot see the future -- don't invest. If you are not patient -- don't invest. Investing has actually become fairly easy -- although somewhat depressing. The US is imploding because it is economically on life support and politically brain damaged. The US could have continued to evolve and thrive -- but instead we find ourselves on the road to idiocracy.

Parts of the world that even recently seemed like stone age societies and economies -- compared to ours -- are making remarkable strides in education and business. Politically they leave a great deal to be desired, and the jury is still out on that score. Outside the US there are huge pools of savings -- an almost extinct species in the US. Instead of savings we have swimming pools full of fake money. There is lots of fake money around -- we pour it into the pool each day to assure ourselves that fake money is indeed a very righteous thing on which to base ones economy. Problem is, the rest of the world now gets to vote on that proposition -- and the polls are clear -- they are going to vote against us.

To hold on to the belief that the dollar, much less treasuries, are a 'safe haven' is delusional. As an investor this really helps. As an investor, the extent of this delusion gives you time to get invested based on the future that will follow. In the future, our fake money will be worthless and our credit will be ruined. This will happen because we have no clue as to how to turn the ship around, economically or politically. Obama seemed like a smart guy -- and a decent one to boot. For about ten seconds it looked like he might have the brains and balls to nudge things in another direction. Sadly, we now know that he has no balls -- and without balls he is just a pretty choir boy.

In the current environment you will be ok if you:
(1) Own gold and gold producers
(2) Shun the dollar
(3) Short treasuries if you need extra juice.
and then of course, sit back and wait.

Things are clear -- pathetic but clear. Investing at this point is easy -- you just have to act and then wait.
Happy labor day
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