I remember the 70s. People bought land, gold and silver. Inflation was eating up buying powers, as were high taxes. If you don't have 25% of your liquid assets in gold and inflation protected govt. bonds you risk being blindsided by volatility in a year or three.
On Mar 24 12:20 PM SmBlkBob wrote:
> Simple really. > > You can't print endless money without it being worth less at some > point. Worth less means items cost you more to buy. > > Gold might be the play but will still not match the amount of inflation > coming. Will just make it easier to bear. Stocks won't come close > to breaking even long term. > > Bob
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I remember the 70s. People bought land, gold and silver. Inflation was eating up buying powers, as were high taxes. If you don't have 25% of your liquid assets in gold and inflation protected govt. bonds you risk being blindsided by volatility in a year or three.
Mar 26 02:06 am
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All Comments by Skeptical Ben »Will the Fed's Overkill Succeed? [View article]
On Mar 24 12:20 PM SmBlkBob wrote:
> Simple really.
>
> You can't print endless money without it being worth less at some
> point. Worth less means items cost you more to buy.
>
> Gold might be the play but will still not match the amount of inflation
> coming. Will just make it easier to bear. Stocks won't come close
> to breaking even long term.
>
> Bob