Jubilee Prosperity

Having made good money on copper, gold, platinum and silver since 1999, we will not buy them again until the Big4 do.

Deflation means lower precious metals prices, not higher.

The only argument for copper, gold, platinum or silver is a weak one at best, that they cannot be defaulted. But they can be confiscated and lost. They do have assay, finance, handling and storage costs that can create a negative rate of return or cotango.

China was the last best hope for inflationists.

Those that know what is going on in China know their markets peaked last August with credit controls, while their markets are anything but free.

Anyone who believes more in Castro, Chavez, MaoHu, Marx and PutinMedvedevStalin central command economies than Ben Franklin, David Ricardo and Adam Smith free hand productivity and savings is welcome to place their bets. Good luck….

Regards*Rich

JubileeProsperity@gmail.com

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This entry was posted on Monday, December 21st, 2009 at 7:12 pm and is filed under Market Psychology. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.