Pat494
Legendary member
- Messages
- 14,614
- Likes
- 1,588
NR mentioned deflation. This is one school of thought. The problem with the deflationary cycle is that it is fairly easy for governments to overcome it. Simply print & spend.
Others talk about 'the end' - I am not thinking of 'the end', I am thinking of countries inflating themselves out of debt. I did give hyperinflation as an example because it seems just regular inflation doesn't seem to get anyone's attention.
If REAL inflation was at 10% a year - that'd already be a HUGE worry to me and something I'd need to protect myself against BUT not with products issued by someone that could default (i.e. a government) or paper products that might not really be backed up by the commodity (i.e. various forms of Gold investment).
Let's face it - governments main focus is staying in power, everything they do, they do badly. As for the financial industry - you simply cannot trust them at all. Merril have already been caught charging people holding fees for Gold that didn't exist (which they'd also sold), so I still feel the need for a more solid footing...
Damn almost forgot to mention it but you could put your "nest egg" in the very capable hands of that good looking, highly competent, honest as the day is short fellow ....er...you know ...what's-his -name....oh yes.....well ME actually :whistling