jfrits

Own Gold? Time to Fold

i gather that Bretton-Woods, 1973, not Madden 2008, is the greatest Ponzi scheme of all time? is the current global signs of monetary instability the first ripple of an impending currency Mt. St. Helens? then producer nations will demand gold from the u.s. in pmt for, say, oil? first step to a global barter system to replace the exploded global currency bloated float? seems to me ANY hard assets, esp. gold, would be preferable to owning dollars, but wouldn't the u.s. govt. make it illegal for their citizens to own any hard assets that would be popular subs for money, as in the thirties, when FDR made it illegal for us citizens to own the most popular hard money sub, gold? still, i would rather own some hard assets, even in paper form, just to hedge against a market panic. at least i might make a killing on a price spike, just like my bear 3x ETF increased in value hugely during the recent stock crash. of course the dollars i profited from the trade would have to survive such a monetary market panic. but isn't that worth the risk? isn't the conclusion from all the above that hard assets, or paper hard assets [ETFs] have better risk-reward than say, gold or mining stocks in most scenarios? it's hard to convince myself that it is so, as the mining stocks soar while bullion indices stumble-- one step forward, two steps back, etc. etc.