C2, I can't see why the rest of the world or anyone who doesn't own the US$ [meaning those who print it, not those holding the bag at the moment, including me] should save it.
The USA has enjoyed the world's biggest never scam with the US$. Those who have had to use it for lack of anything better have provided vast wealth to the owners of the currency for decades. That includes me. I don't intend to act to save the owners of the currency. I hope to save me rather than the owners of the US$. Which means I have to figure out something to do with my Tonka Truckload of US$ before they decompose further.
I sold a Tonka Truckload [meaning all] of my Globalstar Inc shares a month or so ago, at $9, just before the drop to nearer $6 a share, so that worked out better than betting against US$ using GSAT.
I notice shares with debts and no profits instead of loads of cash on the balance sheet are losing ground. QCOM remains steady as she goes, paying dividends all the while.
Originally, I guessed gold might go to $2000 an ounce if there was a good cleaning out to be done [when it was at about $400 or so]. I still doubt that $10,000 is in the offing because that implies a very much more serious decomposition of the world's financial system than is apparent to me yet.
But things do spike when there's mass hysteria, just as gold did back in 1979 when there was mass hysteria over oil. Many people are too young to remember the fun of 1974 and the similar fun of 1979. They are now excited about biofuels, alternative fuels, gold, and all that jazz.
Plus ca change,
Mqurice |
