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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Wyätt Gwyön who wrote (109474)9/15/2008 5:25:50 PM
From: carranza21 Recommendation  Respond to of 206222
 
'Steady as she goes' require titanium testicles and the self-confidence of a bullfighter not to mention the coolness to watch your PF go down as much as 50% and not flinch.

But if SASG is based on dynamics which are almost not subject to dispute, i.e., peak oil, the inflationary pressures created by the huge debt we have placed on ourselves in the public and private sector as well as the inevitable unwinding of the Yen carry trade, then it makes sense. I would add the eternal probity of the Swiss in protecting their currency as well as the ultimate rise of commodity prices to those three.

A possible candidate is the ultimate health of the Chinese stock market, but I am not qualified to comment on its relative value.

But the ride shall be rocky and the potholes many. Who wants a boring ride anyway?



To: Wyätt Gwyön who wrote (109474)9/16/2008 9:27:34 AM
From: Salt'n'Peppa1 Recommendation  Read Replies (2) | Respond to of 206222
 
Wyatt, your post screams to me "BUY GOLD".

It is the only vehicle with intrinsic value through the ages.
As countries continue to print money hand over fist, the dilution to global currencies only makes gold worth more and more.

S&P



To: Wyätt Gwyön who wrote (109474)9/16/2008 9:39:38 AM
From: zebra4o1  Respond to of 206222
 
Wyatt, great post. In an ideal world we could all be invested in index funds. Bonds would pay enough interest to reward savers. The dollar would be a store of value. Instead we are forced into the casino, just to stay even.

Also agree that peak oil changes everything.