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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (10318)	10/20/2006 12:09:34 PM
From: carranza2	Respond to of 217847

All I said is that "all economic hell" will break loose in the event of a nuclear device, clean or dirty, being exploded in NYC or DC, and that Warren Buffett said in 2002 that such an event is inevitable. I agree with Buffett. I do think "all economic hell" will break loose when it occurs. Exactly what form of "economic hell" we will have is uncertain. One thing IMO is certain, namely, that when the first such event occurs, there will be an expectation that more will take place. Markets will not do well under these circumstances. Traditional hedges against uncertainty in troubled times, i.e., gold, will do well as it is the currency of the fearful and the cautious. I own no gold. But I don't think it is a bad idea to have a bit of a supply. You might recall the scene in Dr. Strangelove in which Slim Pickens inventories the emergency supplies given to B-52 crews: "three prophylactics, one set nylon hose, one .45 caliber automatic pistol, three $20 gold coins..." or someething like that.