May 13, 2011
5 money moves one gold bug is making now
Inflation-proof stocks, bets against dollar, Treasurys, drive de Vaulx’s view
By Jonathan Burton, MarketWatch
SAN FRANCISCO (MarketWatch) — What’s in your wallet? Less buying power, for starters.
Inflation is taking a bigger bite out of household budgets, and as an investor who broods about worst-case scenarios mutual fund manager Charles de Vaulx is worried.
“There’s so much debt in the system, you have to be out of your mind to pay no attention to the big picture,” de Vaulx said. “When there’s a credit boom, you never know when the party will end. All you know is that the longer it lasts, the harder the fall.”
So de Vaulx is avoiding what he sees as the market’s potential land mines: momentum stocks, debt-riddled businesses, pumped-up emerging markets and companies and bonds that are likely to wither when both inflation and interest rates climb.
Article continues: http://www.marketwatch.com/story/5-money-moves-one-gold-bug-is-making-now-2011-05-13
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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