Are you buying gold??

EZLivin · Apr 8, 2010

ernurse said:
In my opinion its to late to get on the gold bandwagon

Seriously? That would mean the US$ has seen its low. I believe I will take the opposite trade on that one.

Siglvr · Apr 13, 2010

slideglider said:
Agree with most of what you said except for prices. We are in deflation, not inflation. Assets have declined in value world wide(deflationary sign). INFLATION is an increase in money supply and credit in the economy. PRICE INFLATION is a later result of this. We already went through that (inflation, mainly from the 70's to 2007,tech bubble,commodity bubble, housing bubble). What you are seeing at the pump, food, energy and basically anything that falls into the "necessity" area, is a manipulated increase in prices by the major players to offset losses as well as a setup for cap-n-trade( see here: http://tinyurl.com/yfqecpg).

Credit is not going into the economy (see here: http://tinyurl.com/yk4xvcj). We are a credit based economy. A system of usury based on debt (credit). We have passed peak credit and now the private sector is trying to deleverage while the FED tries to reinflate the bubble.

It's why CASH IS KING right now. It's also why there is an increase in barter.

But I agree, things are going to get worse.

There is a saying from the Great Depression. "Just when we thought it was over, it had only just begun."

Get ready for a lot more global war with some very nasty set-up instances.

If even 1/2 of that is true, and I do not believe it is given that it is 100% opinion with no outside facts linked, then what would you say is the best bet for an individual?

Riot · Apr 17, 2010

billcoe said:
If even 1/2 of that is true, and I do not believe it is given that it is 100% opinion with no outside facts linked, then what would you say is the best bet for an individual?

Invest in things that will save your life first...then worry about currency.