tag:blogger.com,1999:blog-3104840428657680638.post5014864527437088583..comments2009-06-09T18:25:44.472-07:00edpinnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3104840428657680638.post-83167719125846736062009-06-09T18:25:44.472-07:002009-06-09T18:25:44.472-07:00Check out Marc Faber&#39;s recent June 1, 2009 market commentary. (He could actually use a spell checker and a professional doc/pdf writing software...)<br />http://www.levelofindustry.com/articles/doom/june09.pdfamadeirahttp://www.blogger.com/profile/10037855578955462214noreply@blogger.comtag:blogger.com,1999:blog-3104840428657680638.post-53586301063874067972009-06-08T08:19:04.868-07:002009-06-08T08:19:04.868-07:00TIPS are only as good as the underlying CPI. Further scrutiny shows that the CPI is more often rigged than not. Moreover, the CPI usually lags its own distorted metric of inflation. Consequently, TIPS are not considered a serious protection against real inflation.<br /><br />Note that inflation is already happening -- look at the price of commodities since last fall. The monetary supply has doubled in just one year. This gigantic pool of money will inevitably come home to roost as more money will be chasing the fewer goods we make leading to rising prices.<br /><br />Serious investors protect against inflation by trading futures in commodity-related assets or buying commodity-related indexes. No wonder gold has stayed surprisingly strong when compared to any other asset class. Precisely for that reason, other commodities look substantially more attractive than gold right now like silver, sugar, cotton, and others. BTW, Silver is a great buy on any pullback (personally I will be buying frantically if it dips to $12).amadeirahttp://www.blogger.com/profile/10037855578955462214noreply@blogger.com