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| May 07, 2007 9:45 pm |
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re: re: QUOTE OF THE WEEK: |
Adam Antoszewski
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The blood is already in the water, the stable door wide open.
The Paradigm shift began when Wall Street started losing money in ealry Chinese Investments, a new dynasty is rising in the world, and it is more important to align oneself with it.
This may appear to deviate hugely from the central thread of the post, but nonetheless, the end of an era is a messy affair. The industrial revolution ended a long time ago. The economies that thrived then can no longer rest on their historical position (decadence) there is only so long that an economy can survive after it's value has diminished with it's savings account haemorraghing to support itself.
What more can one say, the sun rises in the east, day has ended in the west!
Halliburton is relocating to Dubai, that in itself should make a very clear point.
I guess what I am saying is solid and tangible assets are tried and tested and safe. Creating a new and funky bank instrument has a short growth effect on a portfolio, but a corporation and even an individual needs to have exposure to Gold, especially at this stage in the cycle and also have capital allocated to the emerging markets.
These are new economies that are dawning in the world.
With the value of the US economy diminshing and inflation rising the dollar is simply not equipped to deal with the cost of living, it is in debt. So effectively any dollar denominated has to wade through taxes and inflation. You can see immediately that any investment position needs to be generating atleast double digit returns to breakeven. The underlying funds of most pension plans available at present simply do not propse good value for money in the long term. Therefore Gold needs to be in every person's savings portfolio, not just the astute investor.
We could write a book here, maybe we should! Which way the USD will swing is anyone's guess right now, Government will put together a good press release, but the fact of the matter is Sanjoy is right the government has a very major problem on it's hands and China is way to strong to tolerate the usual BS deployed on weaker nations. US is too dependent on cheap 'er' Chinese products for it to be able to extracate itself from the realtionship unscathed. The US has met it's match and is quickly realising it is outgunned and outflanked.
What does this mean for you and I. Wake up!
Best.
A.Private Reply to Adam Antoszewski (new win) |
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