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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: TH who wrote (267256)	8/7/2010 7:20:26 PM
From: Skeeter Bug	Read Replies (2) \| Respond to of 306849

yes, gold has many good attributes. i agree. i know you have food, water and protection. i hope you have a community of like minded people who will support you when this SOB comes crashing down. my guess is you have plenty of practical barter items. gold and silver on top of that is great. of course, it was much better at $260-$400. ;-) i also think inflation will come - perhaps serious hyper inflation. i'm no expert, but my current view is that this will only happen after the bond market can be represented by a smoking hole. if the government seriously starts printing non debt backed money, the logical reaction is for the private lending markets to freeze and interest rates to sky rocket. when this happens, debt defaults will sky rocket - and that's deflation by definition. denninger's and nicole foss' paradigm resonate with me given the history of the money powers as explained in "the money masters." i'm flexible, though. the whole derivatives thing may require inflation even though it would be painful for the wealthy in the bond market. again, an attempt to inflate may well bring on a MASSIVE debt default deflation first. once the credit situation is resolved (can 95% of money be credit forever?) and the bond market collapses, well, zimbabwe could well happen. the risk of gold (bullion in possession, of course) to the smaller players that aren't as prepared as you are is that they may be forced to liquidate their gold at the bottom of the credit collapse where dollars are very scarce. i fit into that group, so i'm not holding any gold - i just live completely debt free except for property tax - and i might even prepay that for a few years. we live in interesting times.