User 30121

Deleveraging Pushes the Dollar Up

You raise a concern many I have talked to have also voiced. And my response is: "It depends". Should we get to that point, our economy will indeed be in shambles, which means that the ONLY useful method of wealth will be gold, silver, and similarly valued metals, diamonds, etc. "Spending" will take on a whole new meaning. You see, my dear, whatever needs you have, those able to fulfill them, will be GLADLY accepting your gold and silver, make no mistake about it.

God help us if we get to that point, because like one astute friend said to me the other day, we will REQUIRE THREE THINGS: gold/silver, gun, and seeds!