Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

<<For me, gold is all about insurance, as I have about 80% of my assets in cash, I can't afford to have Greenspan take it all away in the form of inflation.>>

At the rate that the dollar will devalue, I don't think being in cash is one of the wisest of alternatives. In my view, inflation is inevitable..... The only question in my mind is whether or not it becomes the double digit variety seen in the early '80's. My guess is that it will. Cash is definitely not "king" in that scenario and I view 80% as unduly excessive.

<<Buying junior golds has a little too much speculation built into it to be classified as "insurance", so I probably will stay out. (I didn't buy Bre-X, but I sure remember it!)

To each his own, but I see the juniors as a way to keep ahead of the Jonses and I think even they are considering buying a few of them as they recently asked me for a list of a dozen juniors whose valuation I think would at least double in the next eighteen months or so. <vbg.

Have you considered buying CD's in currencies that aren't guaranteed to lose as much value as the almighty buck is destined to do?