Message:

<p>[QUOTE=&quot;Rono, post: 2275042, member: 6492&quot;]Howdy,</p><p><br /></p><p><br /></p><p><br /></p><p>Hardly a gold buy bullionist.&nbsp; Cripes, I&#039;ve been collecting coins for about 60 years and bought my first gold bullion in 2002-3 when it broke out.&nbsp; I might have bought some in the late &#039;70&#039;s, but could only afford silver which I cashed in to help pay for my GI bill financed degree in Econ.</p><p><br /></p><p>Sorry for my miscommunication.&nbsp;&nbsp; Some times in life you read a lot of differing opinions and how I&#039;ve learned to sort them out is by which fit what seems to me the best approximation of reality.</p><p><br /></p><p>The issue with massive unfunded liabilities is not new.&nbsp; It&#039;s be around for well over a decade and the options for dealing with it by the government (ours) are limited to breaking promises or paying it off with cheaper dollars.&nbsp; </p><p><br /></p><p>There used to be an expression, &#039;the revolution will be televised&#039;.&nbsp; Whelp, the revolution is on our bloody smartphones.&nbsp; We&#039;re witness to history.&nbsp; We&#039;re seeing broken promises.&nbsp; We&#039;re seeing QEnth and continual printing of greenbacks. </p><p><br /></p><p>Will this destroy the dollar or the economy?&nbsp; Ah, that&#039;s the nut.&nbsp; To this question, I assign probabilities&nbsp; and frankly, rate financial meltdown as very, very low.&nbsp; Say 15-20%.&nbsp; More likely is that we&#039;ll muddle along and they&#039;ll somehow steer through this mess.&nbsp; &nbsp; However, the potential costs of the meltdown are so freaking enormous, that a prudent person has to take out some sort of insurance policy.</p><p><br /></p><p>My insurance policy is wee percentage of my wealth that I have in physical bullion.</p><p><br /></p><p>and so it goes,</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in