His last post was in October. Since then, he's been living in a shopping cart under the underpass without internet connection.
I agree...until the Fed stops printing money, and how the hell can it since it has put itself into a total corner, gold is shooting higher.
it's amazing to me that we are in the 21 century, the internet age, when people still put value on some useless metal. you can not eat/sleep in gold. it's only worth as much as the next fool is willing to pay. something that carries a yield is a much better and TRUE hedge.... like farm land, timber land, rental house etc.
stocks are just useless paper but if you buy them you can sell them at a higher price perhaps. Does not matter if gold is just a metal (which it is not) or if stocks are just paper(which they are not), all that matters is that it has value which is recognized all over.
Bit like every other asset then eh? Not 1 single fiat currency out of the thousands tried in history has ever failed to collapse...and the current systems will be just like all the others... its rarely different this time is a lesson people rarely want to learn.
I am not against the necessity of inflation hedge... see my post. I am suggesting stuff with real value, instead of perceived value.
Oh so, Gold is being valuable. Am glad that I am not married and especially to Asian women who love Gold. Pity the Asian men, who need to buy the Gold and am jealous of those who already have the Gold.
--->Not a liquid asset. ---->Not portable. ---->Not easily hidden from the gov't, stupid lawsuits, etc. ---->Not a barter-able asset in Mad-Max type civilization collapse. ---->You have to pay property taxes and upkeep. ----->You have to work and perform other hassles in order to collect that 'yield'. You can't simply stash it somewhere and forget about it until a rainy day. ------>Yo, I had my dentist hook me up wit 'farm land' fronts grillz, but all the homeys laughed at me.