Quote:
Originally Posted by CoachKandSportsguy
Gold still looking good for awhile, more govt debt and lower interest rates with a lower USD, and China and India buying hand over fist,
DYODD
|
The world has changed and is changing quickly. Gold is now a long-term play. The USD is being weakened daily by the printing presses and the likes of BRICS. The USD will lose all buying power. Yes, it will collapse and buy nothing. Gold is being
bought by all of our enemies to back other currencies. The USD is no longer backed by gold and is nothing but paper. When the dung hits the rotating blades and people no longer accept our worthless paper for real tangible needed goods (food, fuel, etc), what will you do? At $35Trillion of debt and another trillion being added every 3-4 months, the end result is indisputable. Don't be one of those who says "I didn't see it coming" or "too big to fail". The USD will fail. Want to read future news now? Get a copy of:
When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany
by Adam Fergusson and Fergusson Adam
Or stick your head in the sand.