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Message: All That Matters...

All That Matters...

posted on Sep 03, 2008 05:16AM

...in a few years is how many ounces you own. How many shares you own. The rest is sound and fury, signifying nothing.

If your head isn't right, go read the Invisible Crash by Dines. Go read one of the various falling dollar books. Remember, a few years ago, housing was invincible for most people. The place to be. Now, it's back to being a "risky investment", and the lower the prices go, the "riskier" it becomes to the MASSES. They still are skeptical about energy and the PMs after all these years and gains.

But what happens when prices go down? Properties and other assets get accumulated by strong hands with strong balance sheets who have the courage of their convictions to HOLD ON for higher prices. As prices go down, whatever went down becomes a better and better value. You can't trade this market easily. Certainly not the juniors.

The government is talking about getting rid of TIPS because it costs the government too much money. In other words, they couldn't lie much more through Statistics about inflation, and want to cheat bondholders through higher inflation that doesn't force the government to pay out. I just sold a copy of Dying of Money for $300. Books about inflation are going up in price, while most book prices go down.

What Jim, John, Eric and guests have taught us is to FISH for a lifetime. They're not handing out fishes. They focus on fundamentals, and it's YOUR job to time WHEN to buy. If they get cheaper, don't be envious, buy more, and keep more capital ready in the future instead of being all in, all the time.

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