In his latest Forbes column, Gary Shilling writes:
Moreover, commodity prices are collapsing as global demand falls and as those who thought commodities were a legitimate investment rush out even faster than they charged in.
Okay, so in his opinion, commodities are not a *legitimate investment*.
So, Gary, what the heck is?
Mutual funds? Currencies? Your house? Floridian condos?
According to Rich Karlgaard, in this comment thread, Gary Shilling:
...has made the bulk of his returns, he claims, in 30-year Treasuries, which he rolls over every year.
Good luck with that one Gary! When the long bond market implodes I am coming at you with *Treasuries were never a legitimate investment*.