Trichet is or was one of the best central bank governors. He did not like to print money like the dumbo author of the letter would like him to do.
A good comment from someone:
Anyone writing a letter like this is obviously caught 'long' and very scared. His only hope of not losing his...
During the tech and housing bubbles, tech and housing were always a topic of conversation with non investor types.
I've never been in a conversation with anyone like that regarding gold/silver.
After he bought Wells Fargo, the stock went down 50%.
The problem is of course he is a value investor. Value investors are notorious regarding their bad timing. They are usually right in the end, but often go though a lot of pain. People on here are 'traders' and like to watch every tick...
A little less than 10% of net assets. I intend to bring that up to 25%, if and when gold goes to around 1100ish and silver at $20ish. I think the odds are reasonable that they can go to such levels.