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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Square_Dealings who wrote (49407)	4/8/2006 2:14:36 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 116555

Closing the position is always the best, most precise "hedge" there is. Of course then you have to deal with the cash produced, but that's usually not a tremendously difficult problem.

To: Square_Dealings who wrote (49407)	4/8/2006 3:35:51 PM
From: shades	Respond to of 116555

There's too many variables. The best you can do is try not to be in debt and have some cash reserves and/or a good job. Once 2 billion chindians can do my skills and only want bicycle or hyundai and I expect a porsche - we have a disconnect. At that point I would also like to be in happyland with the goldbugs thinking all I have to do is walk over to a coin shop and I will be able to keep eating my steak dinners and driving my porsches when my skills become worthless. Sadly that aint how the world works and I am quite frankly astonished so many otherwise intelligent people think like that. Are buggywhip makers supposed to stay wealthy if all they did was walk over to coin shops - that is not how capitalism works from everything I have read. The gold bugs tell me NOT ONLY will the buggywhip guys stay wealthy - they will get WEALTHIER for walking over to a coin shop - what shit. You don't get special treatment for walking to coin shops - any lazy ass can do that. When a doctor runs a tube up your butt for a colonoscopy - not just anyone can/will do that - that is why they drive porsche's and mish drives hyuandais - regli tells me so! You know what is so amazing to me bubblemeister - most of these goldbug folks understood when they were younger you only get rewarded for what you give back - a 2 way street - if you were a fat slob in highschool you didn't get the hot cheerleader - no matter how many twinkies you could offer her and had horded - even if you had strawberry and vanilla ones - you had to do 4 hours of exercise a day too and keep your body in shape - but somewhere in life they forgot the lessons of life and now think they can sit on thier ass and collect coins and this will make them rich in the future. I predict those that still have skills/knowledge that people want and need will be well off in the future - those that don't and only have shiny metal are going to get a rude awakening in the future - their gold may go up 100 kazillion percent - but that doctor bill smelling thier stinky butt will go up 500 times more than that - so you don't really get ahead hording. The only way to truly stay competetive with that doctor is have something that will go up as much as his prices - I hear in zimbabwe that hairdo's were the ticket.