Diversification for me boiled down to just a few things that I can have faith in. I'm not alone in this camp, I've heard Eric Sprott speak about this as well.

I always look for what could tank my basket of eggs. Today I found one thing I’m fearful of.

The oceans contain about 13 billionths of a gram per liter of seawater. If I did the math right: I estimate that we’d have about 708,738,078 kg of gold if someone found a way to mine the gold from our oceans. Provided that gold wasn't needed and didn't kill off the entire ocean.

According to this ZeroHedge article there are about 24,258200 kg of gold held in reserves. Provided of course, that Moron Bernanke nor any of his idiot predecessors haven’t sold ours.

http://www.zerohedge.com/article/gold-101-whos-got-it-and-whos-finding-it

But, I figure the chances of some genius scientist or inventor finding a way to extract it economically - before Bernanke and the 535 clowns in Congress and the Senate (Ron Paul and the handful of physically responsible adults excluded) destroy our dollar -are slim to nill.

So I sleep just fine. I don't use Ambien anymore - I got Bernanke and 535 clowns destroying our dollar faster than any scientist can create a technology to do the impossible. Thank's Willy-Nilly!

By D. Sherman Okst

Bernardston MA USA

davossherman @ gmail.com

I'm an ex-airline captain with about 15,000 hours and am amazed at all the BS we are taught. Most of my friends still in the business were also taught the wrong aerodynamic principles with respect to what makes planes fly. Aviation or economics, Keynes to Austrian - Bernulli to Newton we've been sold bad goods. It's amazing anything works as backwards as we do things.

© 2010 Copyright D. Sherman Okst - Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Comments

Post Comment (Moderated)

Subject:

Name:

E-mail address (will not be published):

Comment:

Commenting Issue - If on submitting you are returned to the main Index Page (50% chance) then your comment has not been accepted, Follow below steps for 95% chance of comment being accepted.

Click your browser Back button (from main index page).
COPY your comment text from Comment box (i.e. copy to clipboard).
Press PAGE Refresh - You should see the message "You are not authorized to carry out this operation"
Paste your comment back into the comment text box.
Click Submit - If everything goes okay you will remain on the article page with the message "Your comment was held for moderation and will be reviewed shortly".
If instead you are again returned to the main index page then repeat 1-5, alternatively EMAIL to comments @ marketoracle.co.uk quoting the article number.

The Market Oracle is a FREE Financial Markets Forecasting & Analysis web-site.
(c) 2005-2011 MarketOracle.co.uk (Market Oracle Ltd) - Market Oracle Ltd asserts copyright on all articles authored by our editorial team and all comments posted. Any and all information provided within the web-site, is for general information purposes only and Market Oracle Ltd do not warrant the accuracy, timeliness or suitability of any information provided on this site. nor is or shall be deemed to constitute, financial or any other advice or recommendation by us. and are also not meant to be investment advice or solicitation or recommendation to establish market positions. We do not give investment advice and our comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to enter into a market position either stock, option, futures contract, bonds, commodity or any other financial instrument at any time. We recommend that independent professional advice is obtained before you make any investment or trading decisions. By using this site you agree to this sites Terms of Use. From time to time we promote or endorse certain products / services that we believe are worthy of your time and attention. In return for that endorsement and only in the cases where you purchase directly though us may we be compensated by the producers of those products.