[the invisib1e hand]

Even a rather wobbly reserve currency is a better asset than gold

no gold bug, me, but this doesn't jive.

[Leisler]

" Americans will work more, spend less, and save more. America may have the worst of both worlds: currency devaluation and price deflation, as in the 1930s.

The rate of return on American assets will continue to grind lower under this scenario."

Low to no corporate profits, low to loss on home sales, lower home/commercial property valuations to tax.....so..ah...where are our local tax sucking authorities going to get their heroin tax fix from? I mean, NY city is a pooch with a sore butt.

OK folks, BOHICA!

[Fred911]

Uh.....8 years ago I started buying gold at $400/oz.....I’m pretty happy with the results.
Obama’s out of control spending will guarantee inflation and gold will continue to rise.

[demsux]

Wait til Israel hits Iran’s nukes...then you’ll wish you owned golf...even if just a gold ETF