This morning that answers some important questions about just HOW diversified are the worlds CB's in supporting economies? Survey of some 60 CBs bank's reveal they are buying baskets of currency & bonds, even the weak ones that many others won't touch. To the tune of 27 trillion fiat! Now throw in "equities" just for good measure! Quite an expanded balance sheet compared to previous decades. His point was what happens should several of these holdings go south at the same time? My first thought was where is the counter balance of holding mostly traditional GLD to support the currency------and confidence? Second thought was all these global CB's have obviously changed/expanded their priority to economy building taking over the politicians job. The question is just how long, & how well will this work out before we hit a very serious pothole? I can guarantee that market's manipulated to this extent never end well. CB's have raised the ante to a scary degree IMO. Can, & will they exit these holdings in a smooth & co-ordinated fashion? BEFORE the rush to the only truly safe haven of wealth preservation--- PM! [land is pretty good too] Personally I started using the metals 4-5 years ago strictly as a short term trading vehicle. Regardless of the shorter term volatility, after watching the way global conditions are unfolding i'm thinking a longer bullish time horizon is certainly called for right now. 'NESS,the comm. market is only a piece of the manipulation that is going on right now.
"buy land, they ain't making any more of it" will rogers sometime in late 1920"s on investments. forested land, no house. next to a federal wildlife refuge best thing i ever bought. have agricultural exemption on property taxes for growing trees, no permits needed for building as i am a tree farmer
IMO you have been bullish since this stock was $11. IMO you keep your bullish attitude on the belief that one of these days you have to be right. You will be right at some point but by then all your money will be gone. IMO your peers have retired and are riding off into the sunset. You gambled and are now paying the price. GLTU. SS