Yes, definitely a good point to ponder. It is his last line of defense and it must be funded above all other markets.

This is from BR above.

it seems that is evident when looking at a chart of the DOW in Gold terms.

It’s like an 84% decline right now since 1999-2000.

Traditional individual investors are also a lot more likely to embrace what were once “alternatives” such as commodities than they were, say just a couple years ago. Just my opinion but I think I’m right. If someone can prove I’m wrong, then I’m wrong.

You would make that argument right after you reveal that after the new $40 dollars in your check, you immediately find a way to spend almost all of it. Now THAT is what I call American baby!

good for you man. I suppose if I saw all the “improvements” you did, I’d be spending more too.

to comment on the discussion above where BR thinks rob “could” be right about retail getting suckered back into the banks. BR, rob is exactly right, that’s what’s going on right now. There is also a fresh batch of papers going out this quarter from Fidelity, Vanguard, Oppenhiemer, Columbia, etc. about how market timing will destroy you and then they go on and discuss lots of compelling data on some fancy charts, all of which just so happen to begin in the year 1982.

However, if one looks out at the reports out this week and next, we see there is anecdotal signs we may see some ‘green shoots’ you know, them weeds Bernanke was alluding to a few weeks back. Yep, we should see some green shoots, but when momma’s green shoots grow up to be weeds (cowboys), dats when we gots problems

wow! that is a incredible amount of info- man- I knew you had the inside track on Peru- I will need to print and peruse at a later time so I can take it all in-

thanks- i really appreciate it

thanks for the input- all sounds great- I am always into cheap destinations

I was joking. Regarding Peru:

Trujillo- go see Chan-Chan, las huacas, el templo el brujo. Don’t go to Huanchaco alone, go to Chiclayo and find a way to get to Batán Grande. BG was a huge hacienda (caña de azúcar) owned by the Aurich family, it was also the center of the Siccan culture, the largest necropolis in LatAm can be found there. Go to Cajamarca-Baños del Inca, Ancash–Conchucos Chavin de Huántar (the route from Pativilca to Huancabamba- Caraz, Anta Huaraz takes you through Cañón del Pato- look it up-fascinanting, if you are adventurous go to Chacahapoyas and check out the Kuélap ruins and the Pozo de Yanayacu, if you are really adventurous try to get to Santiago de Chuco and ask some one to take you Cachicadán. If you get there dile hola a viudita de mi parte,

Of course Lima and Cuzco and Machu Picchu you’ll love it. In Cuzco I have a pal named Chalo who owns a 57 chevy (he was a mechanic briefly in Germany and now works as a tour guide for Teutons) I can get you his contact info
Peruvian cuisine is delightful and delicious. Got to La Mar- for the shnutty- or go to CantaRana in Barranco or the place some call El Catamarán (jajaja)
In Lima go to Barranco and go to De Rompe y Raja- peña or Don Porfirio da lo mismo
Go to Arequipa. My father-in-law runs the restoration project in that city which was founded in the 1540′s (Arequipa comes from Quechua and it means ‘Yes you may dwell there’ more or less. pheww- there’s more- want it?