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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: jrhana who wrote (20256)	9/12/2003 8:40:21 AM
From: austrieconomist	Read Replies (1) \| Respond to of 39344

deflation/inflation. I'm conflicted on this one as well. It is obvious that the U.S. government massages all the statistics to minimize the CPI price increases -- not only is this good PR but it reduces real cash outlay for Social Security and other CPI related obligations (inflation adjusted Treasury debt being just one of those). Keeping the cost of housing out of the price index is another example. Higher prices in many computer related items and automobiles is quality improvement adjusted to bring down the price. That said, the absolute level of debt is a drag and we haven't seen what will occur when that debt goes over the tipping point with possible widespread defaults. I am just keeping my mind open on this and positioning my investments to go either way. I think that gold is a winner either way so my personal portfolio in mining stocks is heavily tilted to gold miners, with special situation exceptions like CNI (one of only 2 overweights in my portfolio) thrown in.