IT'S OFFICIAL: We're Falling Into A Double-Dip Recession

The Business Insider ^ | 6-4-2010 | Robert Reich

[Gene Eric]

bttt & bfl

[RC one]

speculative forces have a way of distorting things. It wasn’t clear if the $1200/oz was speculation or inflation or both. The question is, is it worth it to buy right now at around 1200/oz? That’s the million dollar question.

[editor-surveyor]

The answer to your question depends on how large your present position is.

Everyone should have at least 25 Oz of physical gold in their immediate possession, but the question of ‘paper’ gold depends on the potential needs you may encounter when the crash comes. Gold is going up without question, but so are food and weapons.

[RC one]

Everyone should have at least 25 Oz of physical gold in their immediate possession

Sure, and everyone should have all their debts paid off and a couple hundred thousand dollars in their safety deposit box too. Realistically, not too many folks can afford to purchase, let alone indefinitely sit on, 25 oz of gold.

Gold is going up without question, but so are food and weapons.

Actually, I haven't noticed the price of weapons going up as much as one would think given the current political climate. The market is flush with assault rifles right now. As such, I think it's easy to overextend oneself in that particular commodity especially given their illiquidity Currently, they are keeping up with inflation I think but they aren't beating it yet. I don't think anything really is. It's getting harder and harder to make a buck in America imo. given the battle between inflation and deflation, it's really hard to know which way to go. I gave up trying to get rich.i'm looking to survive the next 10 years.

[editor-surveyor]

” I gave up trying to get rich.i’m looking to survive the next 10 years.”

.
And that is exactly where gold, guns, and grub come in!
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[potlatch]