Gyroscopic Investing

So there you have it:

http://finance.yahoo.com/blogs/breakout ... 11335.html

That was Marc Faber, not Mebane Faber.

Good stuff, though.

MediumTex wrote: That was Marc Faber, not Mebane Faber.
Good stuff, though.

D'OH!  My bad.  Ah well, you see one Faber you've seen 'em all. 

rocketdog wrote:

MediumTex wrote: That was Marc Faber, not Mebane Faber.
Good stuff, though.

D'OH!  My bad.  Ah well, you see one Faber you've seen 'em all. 

Mebane Faber is like a Greco-Roman-style wrestler, while Marc Faber is more like a WWF-style wrestler.

Speaking of Mebane Faber..... in this post he recommends buying way OTM Nikkei calls for roughly 40bps/yr as a hedge against hyper inflation.

http://www.mebanefaber.com/2013/02/12/the-other-tail/

http://thehardtrade.com/blog/wp-content ... -15-10.pdf

I don't know options well enough, but I'm assuming there would be counter-party risk associated with that strategy, but it's a much easier option than storing gold oversees.  Not to mention there is risk in that as well, IMO.

I suppose there are many creative ways to cover inflationary scenarios with options such as OTM puts on DX futures, or opening a small but highly leveraged short position in the Yen. 

MediumTex wrote:Mebane Faber is like a Greco-Roman-style wrestler, while Marc Faber is more like a WWF-style wrestler.

That helps.  I've always had trouble telling those guys apart.