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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: No Mo Mo who wrote (23993)	11/5/2009 10:11:53 AM
From: Real Man	4 Recommendations Read Replies (1) \| Respond to of 71412

Last 10 years was a secular bear. A secular bull makes everyone look like a genius. However, during the bear everyone loses, even the bears. During such times the main investment objective should be capital preservation (in terms of purchasing power). Gold does it, so it goes up. It's not REALLY going up, thou, it's the dollar that's crashing. -g- It is extremely hard for folks to part with the concept of paper being money that has stable value. Even now, as gold soars to 1,100 they want to exchange it for green paper. In my lifetime I watched paper money to have stable value over a period of 20 years, then suddenly lose 4 zeroes in 5 years or so. The Russian rouble. I have seen government revaluations and defaults. It's all within realm of possibilities, especially when we know how broke the government is.