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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?


To: Valuepro who wrote (53886)8/3/2016 2:10:06 PM
From: Wade  Read Replies (2) | Respond to of 60900
 
No apparent inflation around you? Wait till the velocity of money to go hyper. haha

Back at Roosevelt's time gold was money. USD was back by gold. Even those who turned in their gold at $20 they could have made a killing by buying dirt cheap stocks. This is the reason why I have posted at here a few times during the last several years that I actually welcome the gold confiscation. The president has to give good reasons why he wants to do that. Of course, it will be at least a partial gold standard, such as, DSR or a new currency. This action will show the determination of building a healthy currency that will stabilize the economy and stock or real estate, or even bond market at the bottom. I am all for that announcement. Good luck to me. LOL

If you are completely unprepared for it that would be your own choice of risk management.