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Saturday, May 28, 2011

Once bullish, contrarian Jim Grant likes cash now

Hold Cash. Interest rates going to 10%. Stocks prices will decline, they are generally overpriced. Gold, you should own some; however there is risk that gold could decline if rates move to 10% and stocks decline. However, gold is better than long term bonds, in particular US government bond   Was a bull, but now  contrarian Jim Grant likes cash now 

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