Imperial Metals (IPM.T) Message Board

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Gold/Mining/Energy : Imperial Metals (IPM.T)

IPM 1.940

+1.0%

Nov 7 3:59 PM EST

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To: Paul Senior who wrote (1105)	6/23/2012 1:01:49 AM
From: Italian Investor	Read Replies (1) of 1366

Paul welcome to the refugee and Italian investor board would be nice to have a 3rd member to share his views. I see you’re a commodity bull wish I could say I am too. I am a strong believer that we are approaching peak everything and all commodties are going higher looking out many years from now, but I also believe they can go much lower in the short term due to the global mess we are in, so I am not betting the farm. I am pretty much lost right now I don’t really know what I like and that is why I have a large cash position. A lot looks cheap but may not be cheap due to what a mess the developed world is in spend spend spend looks like it is on very borrowed time. I don’t see how this ends well! Faber might have it right massive wealth destruction is on its way and you really need to position yourself so you lose less money. Prem Watsa deflation bet looks like another great call as most everything has been going lower. He believes the times we are in are similar to Japan and the great depression and I don’t disagree. Bob R does not have much faith and expects a major blow up in the coming years. Being like Buffet and Berkowitz and ignoring the macro stuff and investing mainly in America is how I always invested but I have my doubts now I don’t think the next 30 or 40 years will be anything like the past and it would be a huge mistake not having a macro view and gearing your portfolio to the developing world. I don’t ever remember Buffet taking trips around the world like he does now, Berkowitz bought a few Chinese companies and stated he was slow catching on.The latest from Burry below who also seems bearish, so you have a few of the best macro guys giving major warning signs for the world economy and IMO it would be a huge mistake not to listen up. Michael Burry gurufocus.com

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