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ranbotrader
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Blondie's View

- FOFOA - FoFOA

Ok, I am a "shrimp" who has both worked and saved hard to get ahead. Like many other "shrimps" I too am standing at the abyss looking at the gold option and wondering if gold has had its run, not wanting to be one of the lemmings who always get stung.

"Shrimps are the same ones objecting to “austerity” aka living within one’s means". I get a bit irate when I read this sort of thing. Its not that I do not agree with "austerity". Its just that the end of the food chain always has to pay the price for "living above its means" which these folk invariably never do. When you look at CEOs, directors of companies and the rich you see huge ever increasing lifestyles and wealth. These groups take from the poor to finance their binges and when the pack of cards collapses the well off expect the poor to stump up money to pay. It happened in the US with the banks which were too big to fail and the sub prime mortgages fiasco where not one person was ever prosecuted. It is happening in Greece although one might add that the abuses are systemic there with, as normal, average Greeks the ones in the firing line to pay with austerity.

Ok, us shrimps get the picture. We do not control the game like the GIANTS do with all their bought political influence and ability to manipulate markets with their collective wealth. But as with all crashes even giants suffer, although their stores of wealth mean that they will never be destitute. What does occur is that money stops going round the loop and the big end of town stops making money whilst the rest of society suffers.

Gold? This is one shrimp who is beginning to see that a lump of metal which never ever earns a cent in interest may just be worth adding into the mix as an insurance policy.

Commented 4479 days ago

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Beginning of the headline : I thought Blondie's excellentcommentwas just about good enough to be a post.And when RJ called it Sermon on the Mountmaterial, that tipped the scale.But be careful not to miss the forest for the trees, or the fractal for the chaos, because Blondie pretty much nails it.It's all in the view—the perspective... Read More

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