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1 Comment
Ian McAvity on the Economy and Gold [view article]
The T-bill play works like this:As the markets crash, the value of the funds placed in the market decrease. If you look, you will see that even gold stocks take a hit when the market goes down significantly. This is because certain holders of gold stocks sell them for cover on positions in other markets, or to take advantage of perceived "values" in other markets. So in a crash when everyone is running for the exits T-bills are the currency of last resort. When they are not honored, only the gold and silver under your bed will have value. Of course you better have a stock pile of beans, rice and ammo too! Mar 15 07:38 AM