I am really hesitant to post my silver/gold/rare earth/uranium stock portfolio.
The writing is on the wall….
8/29/10 China Backs Rare Earth Controls
7/25/10 Uranium Bottoming as China Boosts Stockpiles
Nice chart to keep in mind for those who think $1200 is too high.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/8/27_Gold_-_The_Big_Picture.html
When you are in bubble, you can not see it. I agree US Treasuries and US dollars are in a bubble. I like to tell people to think of gold as a fixed price. It is the purchasing power of the US dollar that is going down which is why the price of gold went up in US dollars. The masses are asses. If the crowd says gold is in a bubble and the us dollar is safe, then I am running in the oppistie direction. Again, my paycheck is in us dollars, do why would I want to use leverage by purchasing a US bond or CD? Buying gold/silver for example is my US dollar paycheck hedge since the saving rate is a joke.
ReplyDelete