The US had a paper currency. We all knew what happened to paper currencies. Over time, all paper money reverted to its inherent value — which was zero. Weimar...here we come!
Isn't this the point where we test the "Dow to Gold" theory? The reading of the attendant chart to =/<5 indicating the crossover point for moving back into the Dow? Ideally, just in time to avoid a major loss of capital (perhaps allowing a bit of loss?) with our investment in Gold?
I stongly suspect a different outcome now, as so many goverments are so deeply in debt that even the idea of another Volcker seems impossible. We'll see.
Bill, I just turned 50. At the turn of this current century, A man named BILL told everyone to buy gold. It took me a while to comply but eventually around 2011, I started my very small accumulation of gold. And added silver, so FOR that I thank you!!!
Isn't this the point where we test the "Dow to Gold" theory? The reading of the attendant chart to =/<5 indicating the crossover point for moving back into the Dow? Ideally, just in time to avoid a major loss of capital (perhaps allowing a bit of loss?) with our investment in Gold?
Today's missive is another great reminder that Bill's beat is money. He should stick to it.
I stongly suspect a different outcome now, as so many goverments are so deeply in debt that even the idea of another Volcker seems impossible. We'll see.
Bill, I just turned 50. At the turn of this current century, A man named BILL told everyone to buy gold. It took me a while to comply but eventually around 2011, I started my very small accumulation of gold. And added silver, so FOR that I thank you!!!