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<p>[QUOTE="coleguy, post: 856548, member: 9167"]Sounds like an interesting book I may have to pick up. I do agree that the two biggest bubbles are still there, but I disagree with the notion that gold is a long term solution for investors trying to prepare for a bubble pop. Look at Argentina a decade ago. Government debt ruined their economy and essentially the country went bankrupt. Most national debt was erased. The currency was re-structured. If you had bought gold before that pop, you wouldnt have retained no more wealth than if you had held cash as a re-structuring of a monetary system after a financial meltdown would result in the currency retaining only it's last known value. The dollar isnt a bubble waiting to bust. It s a measure of something, like a weight. Debt, however, that is the scary one.</p><p>Guy~[/QUOTE]</p><p><br /></p>
[QUOTE="coleguy, post: 856548, member: 9167"]Sounds like an interesting book I may have to pick up. I do agree that the two biggest bubbles are still there, but I disagree with the notion that gold is a long term solution for investors trying to prepare for a bubble pop. Look at Argentina a decade ago. Government debt ruined their economy and essentially the country went bankrupt. Most national debt was erased. The currency was re-structured. If you had bought gold before that pop, you wouldnt have retained no more wealth than if you had held cash as a re-structuring of a monetary system after a financial meltdown would result in the currency retaining only it's last known value. The dollar isnt a bubble waiting to bust. It s a measure of something, like a weight. Debt, however, that is the scary one. Guy~[/QUOTE]
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