Gold Investments – Global Equities Collapse
2010 January 15
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For what it’s worth, I think global equities may collapse again 1) within the next 12 months and 2) before the real economy begins to recover and this will cause another flight to U.S. Treasuries. Sometime after the next equity collapse, the real stagflation will begin in the U.S. economy and USD and that will be the time to take a long position in gold and silver.
Gold is a long term holding, and may be one way the way to play the coming collapse in U.S. Treasuries and the USD.
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This financial mess has me spooked. In spite of the too late hodge-podge and piece meal actions of the Fed and Treasury, equities are death. Anyone in their right mind would be getting out of all paper assets and closing their bank accounts. I’m out of equities and I’ve closed all but one bank account leaving only enough cash to pay next month’s bills.
Gold and silver are the best bets now.
Australian Gold
Why isn’t the gold standard a financial system flexible enough for our global economy? I’ll see a gold standard financial system more stable and eliminates unnecessary man-made fluctuation which is risk. This in turn eliminates necessity for hedging and other complicated instruments that takes care (but they don’t) of this part of the risk.
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