I'm not using this blog just to cast a dark vision over your other-wise joyful heart. I hope to share solutions that I find along the way.While doing some research on inflation-hedges, I ran across an article with this comment: "For a number of reasons, wars usually occur in tough economic times. Governments always like to find foreigners to blame for their problems, and that includes other countries blaming the U.S. In the end, I wouldn’t be surprised to see violence, tax revolt, or even parts of the country trying to secede. I don’t think I can adequately emphasize how serious this thing is likely to get. Nothing is certain, but it seems to me the odds are very, very high for an absolutely world-class disaster." I hope you'll take time to read the whole article and consider it carefully.
Although some folks (after reading earlier blog entries) suggested I might be melting my precious metals down to make bullets (more on that later), I still am thinking that holding more precious metals might be a good thing as Plan B world wears on.
Others like the idea of commodities as hedges against the inevitable inflationary cycle.
A friend recently parried my whining about Carter with the question, how would your life be different if Carter had not been president. 'm not up on my parallel universe reading (still having trouble with this one), but I'll look into the value of precious metals vis-a-vis the collapse of a national currency. I think it happened in Bolivia.
ReplyDeleteBut what I'm really concerned about is not so much the collapse of a third-world economy (which probably didn't send as much as a ripple through the world markets) as the collapse of a nation - not just the currency. Again, I'm not sure if I'll be able to find pertinent empirical data.