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<p>[QUOTE=&quot;ToughCOINS, post: 26773847, member: 20480&quot;]Not only is the national debt at $40T, but household debt is at $18.8T. Think about those numbers for a moment . . . that&#039;s over $150,000 for every man, woman and child in America.</p><p><br /></p><p>While prices continue to rise with increases in cost, they are not rising because of price elasticity, and growing margins . . . a bad omen for growth of businesses, and an indicator that stagflation is taking hold.</p><p><br /></p><p>Most other nations are in similarly dire straights, so the outlook remains the same for their economies as well.</p><p><br /></p><p>This drop presents more buying opportunity, so I&#039;m still very long on gold. Reflecting my mindset is the fact that, as gold sets new highs I&#039;ve been inching prices upward, and when it pulls back I&#039;ve not been dropping prices . . . I&#039;m letting the inventory weather the short-term correction, and waiting for the highs to return.&nbsp; I think it will be a long time before conditions change my perspective.[/QUOTE]</p><p><br /></p>

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