Dow Theorist: Sell Everything Liquid, You Won't Recognize America By The End Of The Year

The Business Insider ^ | 5-18-2010 | Joe Weisenthal

[albie]

The book “Aftershock” says the same thing as this guy. No “stock motives” in that book. With debt as high as it is and going higher, with jobs vanishing, with Obamacare pushing insurance through the roof already and with a record number of banks closing their doors I’m not sure what to think.

If you own gold it’s gone up in value by some 30% over the past 18 months. Levin, Beck, everyone talks about buying it as “leverage”. But leverage for what? To trade for food? Who would want gold for food?

[mountainlion]

Who would want gold for food? That depends on how bad the dollar gets. I could also ask who would trust the dollar? An ounce Gold coin is now worth about $1300. With hyper inflation it could be worth $20,000. A hamburger could cost $300. Gold is the original money and like they say has never been zero. Barter will probably be most common. There is still lots of value to small businesses so lots of them could still function.