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To: TobagoJack who wrote (36)2/12/2007 6:43:26 PM
From: orkriousRead Replies (2) | Respond to of 1718
 
I am at
Cash 40.36% (CAD, AUD, Euro USD)
Metal 19.29% (physical and paper = highest watermark point ever)
Bonds 1.79%
Real Estate 25.91%
Equity 12.65%


I am at:

Paper gold and silver: 132% (I am waiting for May/June for LT cap gains to sell margin position)
physical gold 4%
short homies/lenders 29%

and people think you are bearish. <g>



To: TobagoJack who wrote (36)2/12/2007 8:16:57 PM
From: 8bitsRead Replies (1) | Respond to of 1718
 

<<Renewable energy can almost compete with oil at last year's highs, so there will be no catastrophe due to energy shortages>>

... at some point folks will have to decide whether they will have expensive food or expensive conventional carbon energy.


Potentially correct for renewable energy (or perhaps the world should consider eating less meat (especially as much meat as the average American and European consumes..) to produce a pound of beef requires a large amount of energy and grains..)

Also there is nuclear energy and coal to liquids technology. Both are a problem of infrastructure more than availability of necessary fuel.