Quote:
Originally Posted by wig
Do you not see the contraction in the volume of money and credit relative to available goods?
|
What I have seen the past year has been a credit contraction for small businesses, while a credit expansion to consumers. I certainly do NOT see any kind of contraction in the money in supply, perhaps maybe a small contraction in the velocity of money.
Quote:
|
As I mentioned earlier, I invested a lot in precious metals. I got out in 2007 a bit early and then back in near the low in 2008 and then back out when we hit 1070 (we are currently 1094/GCJ10). I still own the physical I have because it is not as liquid, and to go in and out of physical is a pain.
|
Good, good.
Quote:
|
If you exclude the above and futures accounts, I am invested 99% in T-bills. I believe it is the safest place to be (save certain other short-term foreign gov't debt). For reasons I won't elaborate on, I also have some non-futures position geared towards natural gas.
|
T-Bills? I certainly hope my scenario doesn't pan out, because you'd be royally screwed. But I know some people with your school of thought that do the same thing, so we'll see. I have positions on natural gas and agriculture as well.