And to think, a different decision a few months ago might have lead to a brighter future.
I think it will really depend on the mood after the election. We’ve yet to see the absolute gnashing of teeth that is going to happen in September as the elections wind up. If the people that end up getting elected are all about less bloat and insanity, I think that will change the mood of a lot of people for the better.
Unless it doesn’t matter who gets elected because they panic anyway (it’s not just the elected that set policy.)
So buy gold now and when hyperinflation sets in trade your gold for blue chips. If we survive we get rich.
I was thinking more along the lines of big mulitnationals. It’s a pretty big arrogance of some people I’ve seen posting to assume that just because the economy were to go down the toilet here it will elsewhere.
However, someone on ZH made a good point that some powerful people have good reason to see the US economy not tank. This is why I was thinking election – if I had a billion dollars to spend, I would possibly look to that, rather than all the talk we are having now, as the decision whether US Treasuries still appeared to be a good investment.
That is an outstanding article. Riveting, actually.
However, someone on ZH made a good point that some powerful people have good reason to see the US economy not tank. This is why I was thinking election – if I had a billion dollars to spend, I would possibly look to that, rather than all the talk we are having now, as the decision whether US Treasuries still appeared to be a good investment.
I wouldn’t. “Good reason” isn’t going to justify squandering your wealth to hold back the tide. A billion dollars is a drop in the bucket compared to the US economy or the obligations that the federal government has assumed. If the US economy ever goes into hyperinflation, throwing a billion dollars (in current valued hard assets) in wouldn’t even be noticed.
Karl, yes, I was just throwing out a large number there in an attempt to make a point of; not a normal investor, and one that can look at large sums of money on a different scale.
The idea is that the tide being held back is a collapse of confidence (s ince that’s what hyperinflation is anyway ), and that if substantial changes happen, we might be the high water mark in the momentum of collapse. I was attempting to say that those people that have already thrown a lot of money in might be willing to put in a little bit more until a point at which they are certain that the collapse will happen.
I recall the Fed chairman saying this last week that deflation was more a concern. He also thinks that injecting more ‘liquidity’ might help to kick start the economy. I think he’s dead wrong on both accounts.
As far as an inflation hedge, I’m thinking silver may be a better investment. Gold is currently priced far in excess of the price of production.
After hearing a classified briefing several months ago from a cyber security specialist, I (halfway) joked that my new retirement plans involved buying a few good acres, building a small efficient house on it, and stockpiling food, guns, and ammo.
It appears that I should not wait until retirement to implement those plans. Things look like they’re going to get very ugly before too long.
And to think, a different decision a few months ago might have lead to a brighter future.
I think it will really depend on the mood after the election. We’ve yet to see the absolute gnashing of teeth that is going to happen in September as the elections wind up. If the people that end up getting elected are all about less bloat and insanity, I think that will change the mood of a lot of people for the better.
Unless it doesn’t matter who gets elected because they panic anyway (it’s not just the elected that set policy.)
So buy gold now and when hyperinflation sets in trade your gold for blue chips. If we survive we get rich.
I was thinking more along the lines of big mulitnationals. It’s a pretty big arrogance of some people I’ve seen posting to assume that just because the economy were to go down the toilet here it will elsewhere.
However, someone on ZH made a good point that some powerful people have good reason to see the US economy not tank. This is why I was thinking election – if I had a billion dollars to spend, I would possibly look to that, rather than all the talk we are having now, as the decision whether US Treasuries still appeared to be a good investment.
That is an outstanding article. Riveting, actually.
However, someone on ZH made a good point that some powerful people have good reason to see the US economy not tank. This is why I was thinking election – if I had a billion dollars to spend, I would possibly look to that, rather than all the talk we are having now, as the decision whether US Treasuries still appeared to be a good investment.
I wouldn’t. “Good reason” isn’t going to justify squandering your wealth to hold back the tide. A billion dollars is a drop in the bucket compared to the US economy or the obligations that the federal government has assumed. If the US economy ever goes into hyperinflation, throwing a billion dollars (in current valued hard assets) in wouldn’t even be noticed.
Karl, yes, I was just throwing out a large number there in an attempt to make a point of; not a normal investor, and one that can look at large sums of money on a different scale.
The idea is that the tide being held back is a collapse of confidence (s ince that’s what hyperinflation is anyway ), and that if substantial changes happen, we might be the high water mark in the momentum of collapse. I was attempting to say that those people that have already thrown a lot of money in might be willing to put in a little bit more until a point at which they are certain that the collapse will happen.
I recall the Fed chairman saying this last week that deflation was more a concern. He also thinks that injecting more ‘liquidity’ might help to kick start the economy. I think he’s dead wrong on both accounts.
As far as an inflation hedge, I’m thinking silver may be a better investment. Gold is currently priced far in excess of the price of production.
After hearing a classified briefing several months ago from a cyber security specialist, I (halfway) joked that my new retirement plans involved buying a few good acres, building a small efficient house on it, and stockpiling food, guns, and ammo.
It appears that I should not wait until retirement to implement those plans. Things look like they’re going to get very ugly before too long.