3:50 am local time, 4:50 HK time.
Woke up usual HK time. Baby jack yelped once, I patted him and he is back down. He is sleeping next to me because he figured out how to climb out of his bed here at the lodge. He is now on the 24/7 watch list. A temporary nanny follows him from 8 to 8, a redundancy by my wife's idea.
The metals are on 4-6 times per 24 hours watch. It is simple when one's effective portfolio is elegantly denominated in noble gold. It is easy to know how every piece of detailing news affects one's portfolio that is tuned to an overarching macro that says, "fiat money inflation, global equalization of gain, planetary leveling of pain, altogether now"
Occasionally we need to re-calibrate per a piece of detailing news, zig to a counter trend, but per overarching that has been tested over a decade, we do not need to react to noise, as we hold true to fundamental premise.
Every piece of news I read, I ask myself
(i) is it a re-validation of overarching macro?
(ii) is it a detailing to the overarching macro?
(iii) could it be a counter trend?
(iv) is it just noise?
Simple and loyal gold is the pooch that has been barking for a decade? Why?
That "why" is the same overarching macro underpinning everything else in the universe.
Gold has been the asset to beat.
While One may not wish to own gold, but for own salvation one should address the "why" of gold's inexorable rise. Gold is keeping an important appointment.
It is difficult to beat gold unless one is gold, or perhaps simpler but more volatile, silver.
Let us count our blessings today, update our money management software, so that we can count again tomorrow.
Guddeeup is back.
We can now look forward to rmb down by soft peg, and now it is up to Japan.
America has the gold and is printing.
China is the top gold producer, n keeps up the printing even as it facilitates American printing.
Japan does not have gold, but can print to buy gold given its reserve currency status; a status it could lose at some juncture. What happens if the Japanese central bank turns on "buy gold" program even as it fires up the printing machine now that it is in trade deficit, competing w/ china for energy and fighting off Korea for markets?
Had thought the euro high given its supposed existential danger. Could not understand yen strength given its imminent demise status. Now all is clear, QE ad infinitum ad nauseam again n gazzilion times more. We now get to test the theory of gold as money in extremis.
Oh my.
Amen, hallelujah, gloria in excels is mundo, etc |
