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Strategies & Market Trends : The coming US dollar crisis

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To: Tommaso who wrote (31025)10/16/2010 5:52:08 PM
From: TH  Read Replies (1) of 71462
 
Tommaso,

I think it is a very good question. And it opens up a good dozen other questions.

I have no answer, but a similar problem.

Two ideas.

1. Next year is of course not the end of debasement, so the simple solution for me is to wait until the Ten is paying 8% and then trade golden things for the <newly controlled fiscal restraint> that comes when you have rates at 8% or higher. Live easy on that 8% plus return.

2. As Richard Russell has said many times, we never sell our gold, for it is wealth.

Clearly I don't know.

GT
TH
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