Gold & The Panic Phase

[poppa bear]

Everyone has been betrayed on a colossal scale and we must defend ourselves by exiting all assets and hunkering into cash. We've been betrayed and lied to by bankers, politicians, military brass, and corporate chiefs. By the way, cash is prescribed in that perfectly crafted document called the US Constitution. Gold & silver are the only forms of money that can legally satisfy debts public and private.

My rational and considered belief is that gold, as well as crude oil, will be anchors to the next global reserve currencies. What better route to stabilize both financial and commercial price systems?

[LargoWinch]

Re: Gold & The Panic Phase

That is of obviously the course we are on since the world got off the gold standard back in 1971.

This is the solution of last resort for all governments operating a fiat system, hence it is not at all certain that commodity-based money is around the corner. My point is that the key question is when not if.

Other things to consider (among many): How will governments benefit from this and how can it be achieved?

[metalman]

Re: Gold & The Panic Phase

Everyone has been betrayed on a colossal scale and we must defend ourselves by exiting all assets and hunkering into cash. We've been betrayed and lied to by bankers, politicians, military brass, and corporate chiefs. By the way, cash is prescribed in that perfectly crafted document called the US Constitution. Gold & silver are the only forms of money that can legally satisfy debts public and private.

My rational and considered belief is that gold, as well as crude oil, will be anchors to the next global reserve currencies. What better route to stabilize both financial and commercial price systems?

i panicked into gold in 2001. how much longer can i last?

[GRG55]

Re: Gold & The Panic Phase

i panicked into gold in 2001...

Sorry to hear that. I think they now have pills to treat the symptoms...;)