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To: NucTrader who wrote (342437)8/31/2007 11:49:36 AM
From: stan_hughes  Respond to of 436258
 
I don't really view the crappy return on cash as 'rigged' so much as confirmation that we presently have lots of company in the "I'm not buying this crap up here" camp, as we all wait for more bankrupt cockroaches to come out of hiding. However, I agree that the official lies about inflation are somewhat perturbing -- I'd rather they not report anything than try to feed me BS.

As for getting forced into investing somewhere other than cash, if the truth be told I would be more or less fully invested here in paper claims on real assets (and up until 4-6 weeks ago, I was) if I didn't think that most of the other idiots on the playing field who ARE invested in those things are going to be coughing them up at lower prices in the coming panic. So I wait in cash & bills, inferior returns notwithstanding.

The problem with parking everything in gold in the short term is that it is a very, very tiny market dollar-value-wise in comparison to the stock and bond machine -- meaning that it could get absolutely crushed in a near term exit for liquidity just as easily as it could rise astronomically in a flight away from paper currency. My current positioning is based upon a belief that we go down first before we go up, although I could very well be mistaken about that and will have to adjust later -- these are the casino dynamics of our time