[peterb]

I think this is the next revolution. Govt at the state and local level is gonna get down sized. There’s no other way. The pensions are completely unsustainable and their current levels of employment are as well. It’s got to happen.

[peterb]

I think this is the next revolution. Govt at the state and local level is gonna get down sized. There’s no other way. The pensions are completely unsustainable and their current levels of employment are as well. It’s got to happen.

[peterb]

I think this is the next revolution. Govt at the state and local level is gonna get down sized. There’s no other way. The pensions are completely unsustainable and their current levels of employment are as well. It’s got to happen.

[peterb]

I think this is the next revolution. Govt at the state and local level is gonna get down sized. There’s no other way. The pensions are completely unsustainable and their current levels of employment are as well. It’s got to happen.

[peterb]

See if there’s a local dealer in your area. PM’s are carrying kinds of wealth. So I take no chances. Get them in my hands and put them in my safety deposit box. Hell, there’s not even serial numbers on them. Pure and simple purchasing power in its rawest form. Man, the libertarian in me loves the stuff.

[peterb]

See if there’s a local dealer in your area. PM’s are carrying kinds of wealth. So I take no chances. Get them in my hands and put them in my safety deposit box. Hell, there’s not even serial numbers on them. Pure and simple purchasing power in its rawest form. Man, the libertarian in me loves the stuff.

[peterb]

See if there’s a local dealer in your area. PM’s are carrying kinds of wealth. So I take no chances. Get them in my hands and put them in my safety deposit box. Hell, there’s not even serial numbers on them. Pure and simple purchasing power in its rawest form. Man, the libertarian in me loves the stuff.

[peterb]

See if there’s a local dealer in your area. PM’s are carrying kinds of wealth. So I take no chances. Get them in my hands and put them in my safety deposit box. Hell, there’s not even serial numbers on them. Pure and simple purchasing power in its rawest form. Man, the libertarian in me loves the stuff.

[peterb]

See if there’s a local dealer in your area. PM’s are carrying kinds of wealth. So I take no chances. Get them in my hands and put them in my safety deposit box. Hell, there’s not even serial numbers on them. Pure and simple purchasing power in its rawest form. Man, the libertarian in me loves the stuff.

[peterb]

Just echoing what I’ve read that reflects what I am actually observing. I tend to agree with Van Eeden about a good price for gold at around $760. But it could be a very good bubble play for the next year. So I am sitting tight at 30% of my portfolio.
As for other currencies…take a look at the coveted Euro or Renminbi. These currencies and the underlying economics are fragile in their own ways. The Euro is no great shakes. Just check out the FT on a daily basis, big bank failures are on the way and RE bubbles a bursting. China is down to 2% internal GDP(ex exports). So without exports, it’s facing public unrest and very high unemployment. Their stock market is down 50% from it’s highs this year. This is a global melt-down and there aint no decoupling going on. Saudi’s are looking at global slow down for oil and price reductions are coming again.
It’s an interdependant world and the US$ happens to still carry the day. This may change in the next decade and probably will. But for now, it’s the game of choice. Fear rules the markets now.

I would also be careful of traditional technical analysis right now as it’s not working too well. This is history time, so I would lean on historic evidence to place my bets. It’s been uncanny how accurate this has been for the last year.

[peterb]

Just echoing what I’ve read that reflects what I am actually observing. I tend to agree with Van Eeden about a good price for gold at around $760. But it could be a very good bubble play for the next year. So I am sitting tight at 30% of my portfolio.
As for other currencies…take a look at the coveted Euro or Renminbi. These currencies and the underlying economics are fragile in their own ways. The Euro is no great shakes. Just check out the FT on a daily basis, big bank failures are on the way and RE bubbles a bursting. China is down to 2% internal GDP(ex exports). So without exports, it’s facing public unrest and very high unemployment. Their stock market is down 50% from it’s highs this year. This is a global melt-down and there aint no decoupling going on. Saudi’s are looking at global slow down for oil and price reductions are coming again.
It’s an interdependant world and the US$ happens to still carry the day. This may change in the next decade and probably will. But for now, it’s the game of choice. Fear rules the markets now.

I would also be careful of traditional technical analysis right now as it’s not working too well. This is history time, so I would lean on historic evidence to place my bets. It’s been uncanny how accurate this has been for the last year.

[peterb]

Just echoing what I’ve read that reflects what I am actually observing. I tend to agree with Van Eeden about a good price for gold at around $760. But it could be a very good bubble play for the next year. So I am sitting tight at 30% of my portfolio.
As for other currencies…take a look at the coveted Euro or Renminbi. These currencies and the underlying economics are fragile in their own ways. The Euro is no great shakes. Just check out the FT on a daily basis, big bank failures are on the way and RE bubbles a bursting. China is down to 2% internal GDP(ex exports). So without exports, it’s facing public unrest and very high unemployment. Their stock market is down 50% from it’s highs this year. This is a global melt-down and there aint no decoupling going on. Saudi’s are looking at global slow down for oil and price reductions are coming again.
It’s an interdependant world and the US$ happens to still carry the day. This may change in the next decade and probably will. But for now, it’s the game of choice. Fear rules the markets now.

I would also be careful of traditional technical analysis right now as it’s not working too well. This is history time, so I would lean on historic evidence to place my bets. It’s been uncanny how accurate this has been for the last year.

[peterb]

Just echoing what I’ve read that reflects what I am actually observing. I tend to agree with Van Eeden about a good price for gold at around $760. But it could be a very good bubble play for the next year. So I am sitting tight at 30% of my portfolio.
As for other currencies…take a look at the coveted Euro or Renminbi. These currencies and the underlying economics are fragile in their own ways. The Euro is no great shakes. Just check out the FT on a daily basis, big bank failures are on the way and RE bubbles a bursting. China is down to 2% internal GDP(ex exports). So without exports, it’s facing public unrest and very high unemployment. Their stock market is down 50% from it’s highs this year. This is a global melt-down and there aint no decoupling going on. Saudi’s are looking at global slow down for oil and price reductions are coming again.
It’s an interdependant world and the US$ happens to still carry the day. This may change in the next decade and probably will. But for now, it’s the game of choice. Fear rules the markets now.

I would also be careful of traditional technical analysis right now as it’s not working too well. This is history time, so I would lean on historic evidence to place my bets. It’s been uncanny how accurate this has been for the last year.

[peterb]

Just echoing what I’ve read that reflects what I am actually observing. I tend to agree with Van Eeden about a good price for gold at around $760. But it could be a very good bubble play for the next year. So I am sitting tight at 30% of my portfolio.
As for other currencies…take a look at the coveted Euro or Renminbi. These currencies and the underlying economics are fragile in their own ways. The Euro is no great shakes. Just check out the FT on a daily basis, big bank failures are on the way and RE bubbles a bursting. China is down to 2% internal GDP(ex exports). So without exports, it’s facing public unrest and very high unemployment. Their stock market is down 50% from it’s highs this year. This is a global melt-down and there aint no decoupling going on. Saudi’s are looking at global slow down for oil and price reductions are coming again.
It’s an interdependant world and the US$ happens to still carry the day. This may change in the next decade and probably will. But for now, it’s the game of choice. Fear rules the markets now.

I would also be careful of traditional technical analysis right now as it’s not working too well. This is history time, so I would lean on historic evidence to place my bets. It’s been uncanny how accurate this has been for the last year.

[peterb]

My shorts and puts are up almost 40% for the year. But I did lose about 20% before I confirmed it was bear and started to trade it more. But I got out of RE in late 2006 and have been 60% cash ever since. 30% gold and 10% in the market. Stuff just keeps getting cheaper in US$ from where I sit. So it’s been pretty good. And if this last quarter of 2008 works out like I hope, it will have been a very good year for me. And believe me, I am not schooled in this. Purely an interested observer.

[Author]

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