Fan is spinning
Windows n doors are wide open
Lunch should soon be
Kids scampering all about
Grand parents here there everywhere
Four-hands massage booked for before onset of afternoon nap
Gold giving us a chance to add
BBQ scheduled for tonight
Perfect day to be followed by wonderful night
I dream:
(i) India, w/o gold mines, must buy physical gold on open market to fund oil import
(ii) china, before commandeering own gold mines, may well enter open market to do same, using hard-earned dollars and euros
(iii) japan, w/o gold mines, and already at trade deficit, may use printed yen to buy unprintable gold in order to trade for unprintable oil
(iv) Iran needs to sell gold for other things
(v) the trade in gold shifts bias from paper gold towards physical gold
(vi) the world sees Japan using printed yen to buy physical gold and takes note
(vii) India, china, and Japan starts buying gold mines
(viii) game on, full on
(ix) as gold and crude increases in worth, platinum mines of s.africa raise price or go out of biz
(x) as t-bill, jgb, and euro bond yields stay low, triple-a rated HK real estate remain value-laden, pressure builds on hkdollar peg
(xi) managers of university endowments, leaders of insurance companies, allocators of corporate and public pension funds all are asked about the outsized steady gains achieved by university of texas and its billion plus allocation to the fourth reserve currency of the planet
(xii) pimco buys gold
(xiii) Buffett revisits silver
All is well that ends well. |
