Coxe: Grab A Blonde ...

Not really clear to me for what reason, but I revisited the "Basic Points" by "Farmageddon" Don Coxe, the global portfolio strategist at BMO Financial Group, written in February 2008. Probably because the U.S. is publishing its consumer price inflation today? In fact, deflation in monthly figures is widely expected... Or "terror alerts"? Whatever the reason, Don Coxe was writing about gold and inflation forecasting then:

When gold ran from $36 to $850, we were told by those who had long predicted the collapse of paper money that it was headed far higher and that the dollar would become worthless, because an era of Weimar-style hyperinflation loomed. Their hairy-chested survival strategy was summed up pithily, “Grab a blonde, a gun, a bar of gold and a goat, and head for the hills.”

Those who lined up to buy gold as the Triple Waterfall was peaking were wiped out by disinflation, or, at times, outright deflation. Thirty-year noncallable Treasurys, yielding 14 to 15%, (which could be called the perfectly inverse assets to gold), outperformed all other major asset classes for the next quarter-century.

Ehhh, “Grab a blonde, a gun, a bar of gold and a goat, and head for the hills.”? At least weekend is approaching ...