Quote:
Originally Posted by flatbutt
Who other than the truly rich can afford to but gold? I remember thinking back when it was $900 that there was no way I could afford it.
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You can buy Silver you know. I have been saying for 12 years that it would be a good idear to buy some Gold and or Silver as a hedge just in case.
My message has been you have to play the game like the music is going to last forever, but to be prudent you need to create a hedge of some sort just in case. The probability of a US collapse 20 or 30 years ago was remote..not impossible though. Starting in 08 the unthinkable suddenly became a real possibility, As time has elapsed the debt and the printing presses have run, where it becomes more and more of a probability. Now with this CV crisis the FED and Government has thrown caution to the wind and moved all in to backstop the economy. We are now in a Twilight Zone limbo with all the moratoriums and forbearance on bills and debt. We are waiting for the other shoe to drop when all those accommodation programs run their course. Then the tsunami of default will start to really hit the economy. In essence it is game over, none of the chasing of the almighty buck matters anymore.. The system is ethically, morally, spiritually and economically BK.
If a person were of the religious persuasion they would not be wrong in thinking that we are going to feel the wrath of GOD. We will be left with sack cloth and ashes of what once was.