Today gold is over $1200 already. The dollar can reverse short-term but long term it's going much much lower. Next year we could have a brief pause in dollar slide (to prevent disorderly decline) but any bounce in the dollar is meant to be sold and the trend does not change. Other than physical gold, I'm going to start stocking up food. Food prices are set to go higher in the next 2-3 years. Someone passed me a good reading material today: http://research.stlouisfed.org/publications/review/06/07/Kotlikoff.pdf
YEs. I agree.. .. what all can I store. RICE i know for sure.. for 5-10 years. what else. can u store for long ? he he. canned food. I dont like it.. i think buying land or some stake in some agricultural venture where u get produce would pay off big time in the long run..
Just a friendly reminder *NOT* to buy those ETFs as a long term investment. For short-term trading it's okay. Physical goods (real gold, platinum, silver, etc) are the only hedge against further dollar devaluation. It is no secret that JP Morgan holds a huge short position in silver too. These gold & silver ETFs are nothing but paper. They know this moment is coming and they're trying to lure in as many people as possible to buy these junk stock certificates. I believe the US equity market is close to topping now.