Originally Posted by haha
Thanks for posting this , Michael. I read it, and it is definitely interesting and to the point of what drives gold prices.
GMO is a high quality source for sure. Jeremy says buy natural gas, copper or copper producers, and phosphate producers. Which last basically means buy Morocco, so it is not easily done.
I hope if anyone on the board is in the copper industry, or knowledgeable about copper, he or she will post about copper producers.
Purportedly, China has been stockpiling copper as its growth tamps down (I won't say weaken). Same with steel. That said, I like the materials, energy, and ag rather than gold, although I own a very small amount of the miners (about 1.5%) and have watched all the gains of the last two years melt down in about 4 months. Gold is a fear trade, to a lesser degree inflation, but I'd prefer the materials (and real estate) to gold for inflation. If one is afraid of apocalypse, buy rice, beans, ammunition, drugs, solar panels, and a lot of whiskey. And figure out how to farm and where.