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Pastimes : The Philosophical Porch

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To: westpacific who wrote (6108)10/5/2010 1:53:14 PM
From: John  Read Replies (1) of 26251
 
Do not be discouraged by the attacks on your message, West. One may not be able to determine the day, week, or even month of the coming collapse, but it is clear that the world is in a very serious state of disarray and the unrest is growing and spreading.

I agree with you completely about the necessity of holding physical gold outside of the United States.

With regards to the U.S. equity markets, I am starting to question if there will be a cataclysmic collapse as several prominent figures have suggested. The coming disaster may manifest as a gradual, universal collapse in the value of all paper currencies, in which equity prices would not change much due the relative low-cost of acquiring stocks.

I think it will be interesting to monitor the ratio between all major paper currencies and the corresponding prices of equities in their respective markets.

Of course, if/when a global war breaks out, all bets are off.
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