He that trusteth in his riches shall fall: but the righteous shall flourish as a branch. — Proverbs 11:28
They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity. — Ezekiel 7:19
Why, Dictator Obama will confiscate all of it anyway.
Why not, at 63 I’m already in the metalic age - Silver in my hair, Gold in my teeth, and Lead in my B***. lol
The Fed will do whatever it has to do to make the crash as gradual and smooth as possible. Inflation and currencies in countries that produce real and useful things will rise.
If/when the SHTF the precious metals are not going to be denominated in the US dollar, or Euro’s or any other currency they will be denominated in the price you could get in the third world. These outfits encouraging folks the buy precious metals are just out to take folks money I'd hope conservatives would see through their scam...
Ping
“If 10% of your total investable assets (i.e., excluding equity in your primary residence) aren’t held in various forms of gold and silver, we at Casey Research think your portfolio is at risk.”
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Kind of odd.
10% in PM has traditionally been the standard portfolio diversification percentage in NORMAL times. I would have thought, with the US dollar at the edge of an historically unprecedented precipice, the recommended percentage would be considerably higher, particularly from Gold Bug Casey.