[NRx]

If you think gold is going to be trading in the $800 ozt range when the entire world is drowning in debt, all I can say is I will buy whatever you have at that price. Which I might add is well below production costs in most of the world. We have over $100 Trillion in debt and unfunded future liabilities. There is not enough fiat money in the world to cover that. Abolishing the entire government except the IRS would not cover that. A 100% income tax cannot cover that. There are only two ways this can be handled. Overt default (i.e. Thank you for lending us your money or believing our promises to provide you with your golden pension and social security, but we are stiffing you. Have a nice day.) or massive money printing. Given the spineless nature of politicians, my money (literally) is on the latter.

[JudgemAll]

Not sure if they will print that much.

The deep state does not want a deflated salary but would sell out the country to China to be paid in Yuan just as the French government is paid in DeutschMark/Euros in excchange to surrendering french industry to be replaced by German industry

[bkopto]

We have over $100 Trillion in debt and unfunded future liabilities. There is not enough fiat money in the world to cover that.

People cannot fathom these astronomical numbers. People think that this game will go on forever, like the sun always rising. It cannot.

When the music finally stops, there is going to be a huuuge transfer of wealth from one group to another.

The eternal question is WHEN will the music stop. No one knows.

[greeneyes]

Yep I’m with you. Always good to have a little gold and silver for a hedge against bad times.

Obama’s Fed printed dollars like there was no tomorrow. It didn’t work, because the economy had structural problems such as too many regulations and too high taxes. As the economy recovers, inflation will be lurking. Hard Assets is a good hedge.

The other thing they can do is devalue the dollar (import inflation). Still a good hedge.

[Carriage Hill]

No ones’ Life, Liberty or Property is safe, while the legislature is in session.

[Beagle8U]

“There are only two ways this can be handled. Overt default (i.e. Thank you for lending us your money or believing our promises to provide you with your golden pension and social security, but we are stiffing you. Have a nice day.) or massive money printing. Given the spineless nature of politicians, my money (literally) is on the latter.”

How soon one forgets the other option, like the one O’bastard used during his 8 yr reign of terror.

Just fake the inflation numbers to zero and hose everybody on SS.

[Elsie]

Yup!

The crash WILL come; it merely depends on WHEN

[FreedomNotSafety]

But I earned my pension. I am owed my pension. It was a solemn promise. Cut out all the wasteful spending and it can be paid. What about all the people who are not working. We are paying illegals. I was promised.