Bailouts, Inflation and a Golden Future [View article]
The government decision makers will always make said decisions primarily for the benefit of themselves and the elite 1% of Wall St and big business who have purchased their allegiance. Meanwhile their spin doctors will work overtime to convince the rest of the population that all of this is really for their benefit. When this doesn't turn out to be beneficial for the majority, the elite has always been able to find someone else to blame. Gold is probably as good a place as any to hide, long term, in the upcoming financial disaster. Long GG, GFI, SLW, CDE.
Wall Street Breakfast: Must-Know News [View article]
The problem lies more with Obama than with Geithner. Besiders his tax preoblems, Geeithner is a member of the Fed and part of the old financial establishment. Why would Obama appoint him while talking nonstop about "change" ?
No, the "truly last resort" is guns, ammo, and stored food. I would be concerned with the liquidity of physical gold in a chaotic and lawless society. Meanwhile, as an investment that produces no income while holding it, it is inferior to other commodity type investments like oil, coal, agriculture, non precious metals, etc. If a person is totally hooked on precious metals, I would think platinum is the better buy right now.
Bailouts, Inflation and a Golden Future [View article]
Gold is probably as good a place as any to hide, long term, in the upcoming financial disaster. Long GG, GFI, SLW, CDE.
Wall Street Breakfast: Must-Know News [View article]
Gold as a Truly Last Resort [View article]
Meanwhile, as an investment that produces no income while holding it, it is inferior to other commodity type investments like oil, coal, agriculture, non precious metals, etc. If a person is totally hooked on precious metals, I would think platinum is the better buy right now.