patio

The End of Gold

my "play" has been to stay in CD's the past 18 months. Not sexy, but safe, and I think my puny 3% was better than losing 40-50% in some asset like stocks. Plus, I agree with you totally, we're in deflation and will remain so. So my 3% ( and return OF capital ) has actually more buying power.
Shorting gold? I like your logic, but too many gold bugs will keep it up IMHO, at least for a while.



On Jan 26 07:17 AM dlaw wrote:

> Thanks for all your comments, as always.
>
> Mr. "Socrateazz"'s suggested to me that it might be useful to explore
> the deflationary attitude that has taken hold in America. I will
> do so in a follow-up to this piece.
>
> Clearly, there are many people who think that deflation is unlikely
> or unlikely to be of any duration. I would simply suggest that whether
> or not he believes there will be significant deflation, a wise investor
> would nevertheless have a deflation game plan, given the present
> economic circumstances. So far I have not read of a better deflation
> play than going short gold, although I'm sure they exist. If you
> think of one, make it. Oh, and then please write about it.
>
> Thanks again.