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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: arun gera who wrote (47842)	3/26/2009 9:58:32 PM
From: Maurice Winn	3 Recommendations Read Replies (2) \| Respond to of 220294

Hi Arun. Speculative gamblers always think that their little pouch of tulip bulbs, biotelecosmictechdot.com "eyeballs", 110% mortgage documentation, kiwifruit, Tokyo real estate certificate and Nikkei holdings [1989 version], and any number of other wishful thinkings [Globalstar comes to mind though there REALLY was going to be a great return from one of the world's best and certainly the biggest business measured in physical size] will make them rich! RICH!! RICH!!!. So it is with the gold bug Aztec tribalists. <The gold bugs probably believe they will be able to buy a house with a little pouch of gold coins.> No doubt that's true. If their dream comes to pass and the world's state run fiat currencies are given the Zimbabwe treatment, then indeed their little pouch of coins will be worth $millions. But houses and land development will still cost a fair bit of human effort and resource allocation, and it might be easier to dig another little bag of gold coins out of the ground than build a house, so I don't think people will be buying a whole house [McMansion variety though mud huts will be cheaper] with a little bag of coins [bag of 100 x 1 ounce coins at current prices is about $100,000 - McMansions won't get that cheap in US$2008]. I'll buy a few at that price. Just last year there was great speculation on oil going "to da sky" or at least $200 and our great mate TJ was a proponent of that idea. Everyone was going to get rich on photovoltaics and other alternatives and Athabasca tar and all sorts of silly ideas [ElM being drunk with the idea of ethanol from Brazil]. Having spent time in developing alternatives in the early 1980s, it was a replay, with all the same hysteria. Sure enough, it came to nothing. I suppose most of the Newbies were too young to really be aware of the oil price and events of the 1970s and early 1980s. Same with CO2 - the raving over the last few years seems silly after having been involved with it quarter of a century ago. It's as though CO2 was just discovered. Mqurice