Would you buy an ounce of gold for $50? They wouldnt!

You are very welcome!

 

I think you guys are totally bonkers

 

Well that trade didnt last long.

 

Don't bet against the chairman. In the fed we trust. Dollar to zero.

 

Sure didn't.

 

Think of it as a 50 dollar long call option on 1 ounce of gold deliverable.

If it is real, your good to go. If not you can then deduct the 50 dollar loss against capital gains

 

If you're lucky, when the world goes to shit, you'll be glowing and you'll be able to illuminate your house for free, if it's still standing.

 

http://en.wikipedia.org/wiki/North_American_currency_union

 

I understand how someone might think it is strange for people to be putting their weakening dollars into gold and silver coins, buying weapons for self-protection and preparing to be self-sufficient in the event that there are disruptions in the food, water or energy supply. Especially since the stock market is going up and life seems to be stable in the US.

However, the Argentina YouTube video cited earlier in this thread seemed eerily similar to the financial events unfolding in this country. Obviously, you cannot directly compare the US to Argentina, but there are other societies in history who have also gone through similar patterns of prosperity, followed by debt and decline.

Our brilliant political leaders continue to attempt to spend our country out of an imminent depression by throwing vast sums of money at failing banks and large corporations. They are creating an unpayable debt that will come due. The debt will only continue to get larger, the dollar will continue to lose value and the basic necessities of life like food and gasoline will become so expensive that many people will be unable to afford them, especially if unemployment remains high.

Unfortunately, it seems plainly obvious to me that we are on a collision course with financial disaster, which may lead to civil unrest. I wish it were not so, but since that is the direction we are headed, I think that it is wise to protect oneself physically and financially. It is also vital to be as self-sufficient as possible.

It is difficult for me to understand how someone who understands the idiocy of the economic policy of our country and the magnitude of our national debt can believe that life is going to continue as usual in the US.

 

If US defaults, then you will be given an M16 by Uncle Sam, you will be getting tanned somewhere close to Chinese border eating oat cakes also provided by Uncle Sam.

Life is too short to worry about how bad things may get, just enjoy it I say