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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Hawkmoon who wrote (101415)	2/17/2009 4:09:13 AM
From: Skeeter Bug	Read Replies (1) of 110194

>>But you might be completely correct if those "animal spirits" get riled up. But I'll tell you what.. if it gets that bad, I'd be stocking up on long-storage food and ammunition before I thought about gold. If you think about the gold rush, it wasn't the miners who made fortunes, it was the merchants who sold them everything they needed to survive and mine another day.<< just for example... ask a zimbabwe merchant whose assets are in zimbabwe currency how it worked out for him. i bet he wishes he had gold. i'm kind of like you in that i don't "get" gold intuitively. my problem is that i do "get" the idea the dollar is going to zero much faster than before and i'm looking for plan B outside of trusting the dollar or any other weakened fiat currency. i think i might make a bigger play for silver, though, as i see silver as more of a currency that can buy stuff vs gold as more of a store of value. i can see how others got gold throughout history, so i will likely defer to the lessons of history above my own intuition. gold holds value - it is worth almost $1000 per ounce right now. name one fiat currency that has held its value over the last 100 years. the dollar is down about 94% in 75 years - and accelerating towards $0.00.

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