This chart says it all. Take a look at the fiat currency depreciation against Gold since 1900.
- In present time, nothing has changed.....er, improved. Nothing has been 'fixed'...in fact, things look beyond fixable now.
WHY would any sane person hold fiat (and be "all in" as most are) instead of Gold (and hold zero bullion, as most are)?
WHY would any sane person trade paper bullion on the COMEX?
- Last week's market violence may have 'shaken up' the call holders, but with options expiry at the COMEX tomorrow it is now time to skin the put buyers.
So, ignoring the 'sturm und drang' of short-term gyrations and manipulations, one is better advised to look at the truly BIG picture and have some perspective.
- The context is all important, not the daily white-noise from FTV and the MSM.
Monday, 25 June 2012
Why?....................from Rico
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1 comment:
Rico,
Would you kindly provide a percentage breakdown of your assets, and how they have changed over the last five years.
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