Moody's Downgrades US Credit Rating after market close...
No more AAA credit rating for the USA
zerohedge.com
Basel III takes effect July 1st, moving gold to Tier 1 status, making it
equal to cash, and US Treasuries.
That was the plan anyway...
With this Moody's downgrade now joining Fitch and S&P Global, gold is
now clearly superior to both US Treasuries and cash, and central bank buying,
especially by China and BRICS nations will not just continue, but accelerate.
How does this all end?
Just as Hemingway wrote in The Sun Also Rises...
Slowly, then suddenly.
The market and the media will do their best to ignore, downplay, and spin this,
as it's best not to spook the herd and to shear the sheep slowly while they remain calm.
Time to accelerate growing your stack.
Always build your barter stash of junk silver first, then Gold and Silver Eagles.
Don't even think about buying paper Gold ETFs...
And above all, remember: if you can't touch it, you don't own it.
Mining stocks are fine, just remember the lesson of 2008: during a crash, it all goes down.
The new 60:40 portfolio is 60% PM mining stocks and RWAs (real world assets) like
high dividend paying MLPs and energy stocks, and 40% physical gold & silver in hand.
If you're more concerned with the return of you money rather than the return of your money,
and wealth preservation is more important than wealth building at this stage of your life,
maybe 20:80 hard money RWA stocks and 80% physical.
SOTB
PS: Remember the story of Hugo Stinnes:
wealthplaybook.ca
Teach your children and grandchildren well... |
