Quote:
Originally Posted by gregpark
If you looked at the US economy as a business and ran the numbers, I doubt you would buy stock in that business. And that is precisely how the rest of the world is viewing the US economy. This point in time is way different than the '80s. We were one trillion in debt then. It has ballooned to 37T and counting. 1 trillion dollars pays the annual interest on our debt now
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Well, I thought the dollar was completely sunk in 1981 and bought gold at $400/oz but apparently my crystal ball was fogged up. The folks who bought in 1980 at $800/oz had to sit on that 50% loss for 30 years and I don't have 30 years to wait. If you still like gold, buy gold. You do you.