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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 386.47

-0.2%

Dec 5 4:00 PM EST

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To: freechina who wrote (1466)	10/23/2005 2:36:01 AM
From: elmatador	Read Replies (1) of 218194

What happened when the bubble burst? People piled up cash in homes. Their reserve of value are homes. Gold would be more convenient. Poeple want a refuge to keep money away from destrcution. I hold cash, but as soon that starts piling up I do something with it. Imagine if instead of getting a promise of a pension, the guy would have got from the age of 22 when he started to the age of 60, a coin of gold? There wouldn't be a penson crisis today. See, pension is a mirage. The real thing is no mirage. I hate mirages. See what the Germans did for 50 years, they were haunted for the hyper-inflation and acted as if it would come to catch them and they acted accordingly. I know damn well what hyper-inflation is because I have -to a certain degree- suffered during the 80s to early 90s. Not having taken the ful hit because I was already working outside Brazil.

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