Just to help you guys out. I am not even talking about one...

Just to help you guys out. I am not even talking about one default.

I am talking about multiple defaults.

I think it is inevitable and at the end of the day nothing in Europe, Japan, USA etc.. gives me confidence.

In fact I think it is a formality and always was even prior to the initial GFC I just think in terms of timing it must be getting closer and I can't see the dow bubbling along any higher so some must be taking short positions.

Love AZH but this an many companies is not immune of the incompetence of governments that will shortly destroy wealth across the globe IMO.

So I will keep a low position in AZH and a stronger position in the physical for now . Just the way I see it.