MSGI - I sold most of my base metal stocks in late spring and took a good part of the summer off. I started buying the heck out of gold, silver, oil, natural gas, and a little fertilizer and moly. Sitting on cash felt a little hazardous watching the dollar plunge. I was getting really po'ed with all of the gloom and doom posts a year or so ago, but have since done a 180. It looks to me like we are going to puke up a trillion $ or so in mortgage, CDO, and SIV losses, and another huge amount of residential real estate "wealth effect" loss due to plunging home prices. The markets may gain in "points", Dow 15,000 sounds good, but if gas is $6 a gallon and Milk is $10, have we really gained anything? There is a reason gold is at $830 today. I heard tonight talk on Bloomberg that our USD is the next "carry trade" currency of choice. Borrow dollars, buy commodities, watch the commodity price rocket, pay loan back with depreciated dollars. The way the FED is printing the USD there will be plenty available to trade. If you had moved your cash into the Canadian dollar or Euro you would have made north of $500,000. We are having our savings confiscated by inflation and most people don't even realize it. POOF!
We have some good inflation/weak dollar plays over on the Jr. Energy and Metals boards.
Good luck in whatever you do with your cash, at least you have it to work with!
Kipp
