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<p>[QUOTE=&quot;Rono, post: 1090464, member: 6492&quot;]Howdy folks,</p><p>&nbsp;</p><p>I don&#039;t really see some sort of financial meltdown happening.&nbsp; Sure, it&#039;s a possibility we&#039;ll see hyper inflation, but I&#039;d give it a 15-20% probability.&nbsp; I&#039;d also give the same chance to them fixing the economy with their current policies and gov&#039;t.&nbsp; That leaves 60-70% chances we&#039;ll muddle along for another 10+ years in a sort of stagflation.&nbsp; We&#039;ll have significant inflation but not&nbsp; hyper.&nbsp; Unemployment will stay high until the baby boomers start dying (I&#039;m a 62 yo boomer).&nbsp; Stock market will do well as long as Uncle Ben keeps injecting liquidity.&nbsp; JimRogers once said, give me a trillion dollars and I&#039;ll throw a great party too.&nbsp; &nbsp; </p><p>&nbsp;</p><p>I don&#039;t even attempt to trade the bullion market.&nbsp; I&#039;ve been long since &#039;02 and ever pullback has been severe and over so quickly, it&#039;s almost impossible to avoid being whipsawed.&nbsp; [selling with the intention of buying back cheaper only to have the investment quickly reverse while you&#039;re sitting in cash and missing out on the gains].&nbsp;&nbsp; Nopers, I&#039;m fundamentally bullish on gold and even more so on silver, so I&#039;m sitting tight on any reversals.&nbsp; I am shopping for some silver mining plays to hit when I&#039;m sure this correction is over.&nbsp; It looks like it today, but we&#039;ll see.&nbsp; I want the market heading in the right direction before I add.&nbsp; But, for physical bullion, there&#039;s a great sale going on if you&#039;re buying.</p><p>&nbsp;</p><p>As for the personal security/survivalist approach by those fearing the EOTWAWKI [end of the world as we know it].&nbsp; Chances are very slim.&nbsp; BUT, the consequences to friends and family so dire should we have a meltdown that it&#039;s only prudent to have some safeguards and protections in place.&nbsp; It&#039;s your basic risk/reward matrix.&nbsp;&nbsp; A lotto ticket costs $1 so my risk is fixed at $1.&nbsp; The possible reward is millions.&nbsp;&nbsp; Good bet.&nbsp; &nbsp; How about the reward of that 3rd beer in the bar after work?&nbsp;&nbsp; Compared to the risk of getting pulled over?&nbsp; Not a good bet.</p><p>&nbsp;</p><p>We&#039;ll the chances of an economic meltdown are very slim but it would be so nasty that it doesn&#039;t hurt to prepare a bit.&nbsp; &nbsp; A little land with a garden.&nbsp; No debt.&nbsp; Investments and wealth well diversified with a lot of &#039;real stuff&#039;.&nbsp; Some gold and silver.&nbsp; I like an 870 Rem but everyone has their choice of home protection.&nbsp; Emergency funds.&nbsp; Etc.&nbsp; What many leave off their list is being involved in the community and with neighbors and friends.&nbsp; Shopping local farmers markets.&nbsp; Getting your butt back to school to sharpen your skills.&nbsp; Staying engaged and in touch.&nbsp;&nbsp; None of this is crazy and if we don&#039;t have a meltdown - none of it will hurt you.&nbsp; </p><p>&nbsp;</p><p>peace,</p><p>&nbsp;</p><p>rono[/QUOTE]</p><p><br /></p>

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