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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (3113)	7/22/2003 10:03:46 PM
From: Cogito Ergo Sum	Respond to of 4904

you can't buy $500 billion of investment gold in a year Actually Darfot, I was thinking just that and what the heck are all these asian countries going to do with these USD ? financeasia.com I wasn't specifically thinking gold though. What about oil ? What about base metals. We aren't talking about Japan here. China has a huge untapped domestic market where they could actually use this stuff. While they are at it why not buy whole companies ? now you are talking billions and at some point they will no longer care if the peg comes off and besides the WTO requires it. I'm thinking if all those thrifty Chinese suddenly have 30% more buying power in the world markets isn't that good too ? Maybe they'll buy Harrods LOL.. Yeah gold schmold. I have gold pureplays (the usual Canadian junior suspects, explorers and producers) but I've also got Ivanhoe which is basically base metals right where the market is, Breakwater more base metals, Northgate(gold and copper), Tenke (more gold and copper)... Novicourt more base metals and a fat dividend. I'm still long almost 30% energy, just less gassy. I've got more in the same vein.. And if they end up moving markets well it's not like they are saddled with a bunch of useless paper. They have stuff they can use. I believe part of the problem here is (I may be wrong but as I recall) you think China will not succeed. I think quite the opposite. investorshub.com It's that damn simplistic trust mentality of mine ;o) So this is the analogy floating in my head.. Buy a common that drops ... well you can sit on the dead money waiting for it to come back.. but if you have units in a solid but out of favour trust and the unit value drops... As long as they keep paying me and can continue to do so... What me worry ? OTOH... I've been wrong before ;o) regards Kastel, a simple guy