Forget Gold, buy this instead... 

(Sep 26, 2009)

i want to subscribe

Also, if Treasury Bonds are 'THE short' of the century, then what could be 'THE buy' of the century? My bet is the Berkshire Hathaway stock, which last closed at USD99,000. What do you think?

I believe Marc Faber had stated that Treasury Bonds were the short of the century and not the U.S. Dollar. A defaulted treasury bonds would lead to a depreciated dollar, but still its not the same as shorting the dollar. Please verify against your sources before publishing.

I believe in the idea. But there are practical difficulties - how much physical silver one can buy and store? There are no ETFs available for Silver like GOLD etf.

Liquidating physical silver will again be a hazzle...

Different insight of silver,hope this stratergy will work out

intresting,about silver portfolio for long term investment

Dear Ajitbhai
Referring to 00.53, it is just like climbing a steep mountain
for NRI even in opening a damat. It took more than two months
for leading broker and another fortnight to operate the account. Mountain un-necessary paperwork and repetition of the same info is not only mind-boggling and time-consuming
but wasteful of resources. It seems we are still living in the past in spite of leading in IT. There is a crying need to reorganise on this practice and inbuilt mentality.

Regards

Pravin

Pravin

It is mentioned in your chart of the day that in India a business can be started in 30 days. India is even better than China on this count. But I find it too good to be true. A few years ago, I started a very small grocery shop (of the street corner type) less than a kilometre away from home. A licence from the local Panchayat was necessary. Though I had applied for it three months in advance, the licence was not issued before I started the business. One of the members of the Panchayat was, however, apologetic about the delay and asked me to go ahead and start the business without waiting for the licence. Reluctantly though, I heeded the advice and started the business. A little more than one month later, the licence was issued. If a grocery shop that employed none took more than four months to get just one licence, there is no way a larger business, employing many hands and needing clearences from a multitude of authorities can get all of them in a matter of 30 days. The ‘single window’ clearence system might be functioning well in some areas, but there could be areas where the ‘single window’ doesn’t open at all for months on end! I have always felt that manufacturing ventures shouldn’t need any prior clearence. Entrepreneurs should be free to start such ventures right away on condition that (1) the commencement should be reported to the concerned authorities in a single, simple format, within a fortnight and (2) within the next six months, the formal registrations with the concerned authorities should be done. The hundreds of laws that exist now should be enough to guide the entrepreneurs during the initial six month period. Thus India will become perhaps the first country where the number of days needed for starting a business is zero.

In your article 'Bomb Scare of a Different Kind', I had commented that developing countries could try to divert attention or to have their control indulge in getting the world environment into further disaster by probing for a war & that's what Marc Faber seems to have also higlighted here. After all, a country like US would never wish to lose their controls or preferential status just like that. We should pray that they do not indulge themselves into dirty tactics and pull the world into it maybe a BAD WAR.

Interesting read