Posted on 07/05/2014 11:52:55 AM PDT by blam
The dollar is going to die, so you keep 30% in cash as a remedy?
You can either continue to sit in front of your TV, and work your job, and drive to the supermarket, and check your stocks 10 times a day. Or you can put your energy into ensuring that either the system ends, or that you and yours stop depending on it.
Door number 1, you eat your kids futures.
Door number 2, you fight for their futures.
Thats all the doors there are. And theres precious little time left to make your choice
Fine art?
If you can't carry it with you (or at least shoot someone for trying to take it from you), you don't really own it. Will at art hedge fund really be safe when the dollar collapses? Hey, I own 1% of the Mona Lisa! And I want it mailed to me now.
I'm investing in wheelbarrows.
So insist on physical possession of gold but buy art thru a fund. Hmmm....
I pulled out all the equity in my house and mortgaged for 30 yrs at 3.75.
I hope to pay it back with Obama/Yellin/Fauxcahontas mini-bucks.
Tool steel, copper, brass, powder, gold, fuel, food, alcohol.
Sure, you can buy a quarter of an ounce of gold; it is difficult to own a quarter of a piece of fine art.
Guns and ammo
Perhaps this is all good advice but I think it is wise to maintain a perspective that fits the reality.
There is a huge difference between currency that is worth less and currency that is worthless.
I commend you. I must say that flies in the face of everything my parents taught me-but they lived through the Great Depression and WWII. They built their first and only house in 1946 and paid it off by about 1956.
Hey..You just gave me an idea...I could refi my condo, take the money out, pay off my debts ( was out of work several years ago and still paying that off!) and then carry a 30 yr mortgage..duh, with inflation, it won’t be a problem to pay it/.
Only time will tell.
We all know the debt is unsustainable.
But only the really smart (or lucky) ones know when to bet heavy on it.
I am sure George Soros and the other Rat hedge fund operators will know exactly when to sell the dollar short.
Yes. You wouldn't want unfine art, would you?
I want to be the next John Paulson.
Odds of that happening, about the same as Hillary Clinton turning $1000 into $100,000 trading cattle futures.
Iron brass and lead
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