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tomcat16
1 Comment
Calling It Quits on Gold, Platinum - It's Time to Go Financials! [view article]
Very bad advice... This is exactly what the Fed et al. is hoping people will do so they can stall and - in their mind - prevent the correction that is going to happen from their reckless financial policies. All it's going to take is a major creditor (e.g., China) to say 'enough is enough' and cut us off... and the dollar will plummet, taking financials into the dumper with it.The Fed has been playing a very dangerous game in trying to manage the devaluing of our currency. It comes down to who do you trust? Our government? LOL... The Fed or the central bankers? (again laughable)... Or commodities that are all becoming scarce?
Personally, I'll take gold.
Reader beware: follow this article's advice at your own peril. May 02 04:00 PM