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(The Year 2012 In Review)
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|User Info||Real People Say "Screw You" To The Markets; entered at 2011-08-26 13:39:09|
Registered: 2010-12-02 East Texas
Agree with Marvin. No financials or futures for me either. Only two positions, CEF and NSH. CEF holds physical gold and physical silver in Canada. The metal is unallocated, but the same manager, Mr. Spicer, has been running the fund since about 1965 and has a good reputation. NSH is building oil pipelines out of the Eagle Ford in Texas where oil is currently having to be loaded onto tanker trucks and then onto rail tanker cars for transport. Also building an oil terminal in Corpus Christi. If you want the equivalent of Brent pricing on crude, the oil needs to get to a delivery location with access to a port rather than Cushing. All the foolishness and corruption that is facilitated by the Fed makes me want deal in something tangible that will quickly find a price in another medium of exchange if the dollar completely fails. These are acceptable proxies since the money invested is in a rollover IRA account.