InvestBaboo

Don't Be Fooled by Inflation

Huh! So Peter Schiff has gone from a future of doom, death and dyspepsia to a future of growth but with hyperinflation? I see that he now grudgingly acknowledges that there is about 2 years of bull market before reality sets in and that reality is probably growth but with hyperinfaltion and more growth in foreign markets than in U.S. markets? Is this what I am reading? So even if through artificial means the U.S. will continue to fool the world and grow and the time of facing the truth may never come or is postponed indefinitely? If that is true then an investment portfolio that comprises of foreign equities, U.S. equities and Gold (as inflation hedge) should perform quite well, right?

Peter Schiff has now become a bull in disguise. I wait for Roubini to do the same. Much like Schiff, Roubini as well has started his shifting is doomsday prediction to one that acknowledges that things are not as bad as they seem and may be getting better!

China Continues To Consider U.S. Treasuries Its Best Option

There are unsubstantiated reports that China may move as much as its 1.8 trillion $ reserves to Gold. China has a lower % of its reserves in Gold than many countries even including the bankrupt Zimbabwe! This report appeared in China Daily and was taken off its pages very mysteriously in matter of hours.