Gold awareness campaign
I do my own non-scientific research to determine the future potential upside for gold. Here’s how it works — I tell everyone who will listen that I’m buying gold and silver, not just mining shares and exchange traded funds, but actual physical metal, then gauge their reaction. The more ridicule I get, the bigger the potential upside remaining in the gold bull market. I’ve been doing this for about 18 months and I still don’t know a single other person who has begun to accumulate metal, but I can definitely see the tide turning. People aren’t laughing as much anymore, they still aren’t buying, but they are listening. When owning gold to preserve capital is as common a practice to these ordinary people as it is to me, that will be the appropriate time to start exiting the market. Gerald Celente predicts the collapse of 2009
Legendary trend analyser and the man who predicted most major events of the past several decades is now warning Americans (and the world) to prepare for a broad economic collapse, potential bank holidays, ghost malls, civil unrest, food riots, and possible revolution by 2012. The only possible salvation is a new technological innovation as revolutionary as fire or the wheel.
The next bubble: Gold
The government is looking for a new bubble to entice hoarders of cash to spend. Those who believe in gold as the ultimate investment (a growing community) are the only people consistently prepared to dump dollars at first opportunity. Rather than depress the price of gold to maintain stability in currency markets, could a massive deliberate devaluation of the dollar versus gold be the more appropriate policy to stimulate spending and boost the velocity of dollars? Gold fever will cause dollars to move, there’s no doubt about it. If software developers ruled the world
Yesterday I discussed the incredible benefits of open source software in terms of reducing costs for startups and promoting competition in the marketplace… but the real magic of software is the concept of abstraction, it’s when a developer can consume a service using a single stable interface regardless of how the producer chooses to implement the service behind the scenes. The multitude of choices in the software realm (compounded by the open source world) necessitates standard interfaces for these components. I wonder if other industries could also benefit from similar ideas. One industry to rule them all
Every time I take another dabble in the open source world I am amazed at the depth and breadth of truly top quality software available at absolutely no charge. I’m developing a new project that requires some enterprise quality infrastructure, so I took a good look at the Spring framework, Apache project, and the Open Symphony project… Now I’ve used some of their products before (as well as several vendor frameworks) but these tools are now almost plug-n-play good. Marc Faber is wrong
I have a ton of respect for him, I read all his reports with great interest, his track record is as solid as they come, but I think on this issue he is wrong. Who, either Americans or foreigners, will feel the most pain as a result of our current global economic upheaval? Why I won’t sell despite the carnage
When economies collapse, the people don’t spontaneously combust and neither do their stuff. When trillions of dollars worth of paper fantasy money has evaporated, only the farms, mines, oil wells and factories that produce consumer staples will remain. Those are the places you want to keep your money and those are the things you want to buy when the price is right. We are approaching that point today, commodities can not drop below their cost of production for very long and that floor should also extend to stock prices. When you go to buy some shoes, are you upset when the price drops? Of course not, when you are a buyer you want the price as low as possible. I am not looking to retire in the next 6 months so I couldn’t care less what the market thinks these things are worth today, all I care is that the companies in which I invest and their industries survive. What I care about is profit — will these companies generate positive cash flow in an inflationary environment. The ones that make it through this mess will grow in market share and prosper. Let me make this clear, I won’t sell BECAUSE there is carnage. Update: Many people in my office who don’t invest are today discussing the crash. That’s a very bullish sign. “The bailout is bullshit, you broke it, you buy it”
Is this another contrived crisis?
I have been talking about the collapsing US economy for years (before this blog existed) but the way in which Paulson and Bernanke are trying to pass this bailout bill has caused me even greater concern. After years of saying the credit crisis was contained and no big deal, all of a sudden they want to ram through Congress in a matter of days near dictatorial powers for the executive branch? The power to spend unlimited amounts of money with no oversight? They admit the bill was written months ago, so why the haste? As obvious as the pending collapse was to see, the repulsive scent of fraud and corruption is obvious to smell. Did they really believe they could handle the situation, or is this actually proceeding exactly according to plan? There is something we’re not being told about their true objectives. I don’t trust it for a second. |
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