"Why you should get out of the US dollar now!" By Justice Litle in CommodityOnline.com
"Get out of the U.S. Dollar. NOW. Do not pass go, do not collect $200, do not stop to conduct an impromptu inventory of your unmentionables." (Continued here)
This article is based on concerns that "China wants the dollar replaced as reserve currency." But regardless of this, printing dollars means inflation, and Peak Oil inflation is just around the corner. All currencies, pensions, retirement plans, life insurance, health insurance, and long term care insurance are promises to be able to buy oil in the future (all depend on oil). As oil supplies diminish, these promises evaporate in inflation and bankruptcies.
Gold and silver are mentioned as possible safe havens, but are not. The prices of gold and silver have not been going up as the world economy collapses. Both are used in electronics and jewelry and therefore the demand for these metals is collapsing. Gold and silver are a bubble waiting to burst.
Showing posts with label gold. Show all posts
Showing posts with label gold. Show all posts
Wednesday, March 25, 2009
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