[Old North State]

I have no problems with the analysis in this piece, but I'm not sure about the conclusion - buy gold. The government has, and will again in my opinion, confiscate gold at a fixed price as they did in 1933. Why? Because without a gold alternative to fiat money the government has complete control of the money supply and hence the economy; which will be a preferable alternative to devaluation and austerity for politicians bent on staying in power as long as possible by offering bread and circuses to the masses.

[Trod Upon]

If they issued the mandatory gold buyout order, would you comply? Didn’t think so. Nor will your neighbors or anyone else with a brain.