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<p>[QUOTE="fatima, post: 1361136, member: 22143"]I was trying to understand your use of the word passive. I agree with you. There is no shoot and forget to investing. </p><p><br /></p><p>My opinion of gold differs from yours as I'm convinced now that it has a bigger role to play in what is amounting to currency wars that isn't directly related to inflation. The western world, in fact the whole world that uses western style banking for the most part, is sitting on so much debt that it can't be paid back. The solution, whatever that might be, is going to cause a deflation not to be believed. Those holding title to real assets will at least have that left. </p><p><br /></p><p>There is a news item out there today related to what I said about Greece being the preview. Apparently a local court in Greece has ruled that people don't have to pay their debts back to banks based on a 2010 law enacted to help people with troubled loans. The rationale is that since the entire country is in trouble it now applies to everyone. This means two lines will be forming. One at the court house for people to have their liens wiped, and the other at the banks for people to get their money out whatever Greek banks are left standing before they go down too.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1361136, member: 22143"]I was trying to understand your use of the word passive. I agree with you. There is no shoot and forget to investing. My opinion of gold differs from yours as I'm convinced now that it has a bigger role to play in what is amounting to currency wars that isn't directly related to inflation. The western world, in fact the whole world that uses western style banking for the most part, is sitting on so much debt that it can't be paid back. The solution, whatever that might be, is going to cause a deflation not to be believed. Those holding title to real assets will at least have that left. There is a news item out there today related to what I said about Greece being the preview. Apparently a local court in Greece has ruled that people don't have to pay their debts back to banks based on a 2010 law enacted to help people with troubled loans. The rationale is that since the entire country is in trouble it now applies to everyone. This means two lines will be forming. One at the court house for people to have their liens wiped, and the other at the banks for people to get their money out whatever Greek banks are left standing before they go down too.[/QUOTE]
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