Zeev's Turnips Patch-No Politics (ZEEV)

[Frank Pembleton]

TG ... the rumors that Buffet and Gates are buyers in the silver market are fact: #msg-571381 as for your comments about scarcity, you just have to look in your own playground for that one ... Are semi-conductors commodities? Is there still (after this horrendous correction) plant over capacity? Does this affect pricing power? Would you use semi-conductors as a store of value?

http://www.jsonline.com/bym/news/jun03/151618.asp

For the record; gold is scarce, it's got great shelf life and a history as medium of monetary exchange ... would I be loading the boat with the stuff at this very moment? Nope ... not until I see asset inflation, and gold is the perfect "canary in a coal mine" I commented about this here #msg-1112707

Anyway, with all the debt in the system and all the pump priming the Fed has done-- betcha they're disappointed to see that the price of gold is only at $345. Unfortunately, your comments about Japan seem fitting.