Thursday, October 25, 2012

gold

I don't usually get into financial stuff but I notice all this
scramble arguing you should buy gold as a hedge against
inflation, or for barter if TSHTF.

But that gold is way overpriced now, which means that
you won't necessarily have it valued in tradeoff at the
same rate you bought it, and it is still valued in the
possibly someday worthless dollars. then there is the
fraud problem with some gold sellers. And paper holding
in gold will mean nothing if you have a really serious
situation.

years ago just on the basis of history, that all bubblies
popped, I knew the housing market would tank, and I
hope it never goes back up, because that is ruinous
to the American dream of owning your own home, and
it also tempts people to more debt slavery when they
have a lot of equity to mortgage.

Justina