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But the point he is missing is, before we get to that unlikely scenario, the US dollar will and is getting hammered. You don't want to be Bernanke's target, so you need to get out of dodge.You can hold other somewhat ''solid/stable''currencies (such as the swiss franc wich the swiss politicians are trying to link to gold again).You can also hold a minimum amount of US dollars for your daily needs.But my point is, if you have some wealth (+500k), you got to protect it in these current economic times.And remember, even if the US politicians make a 180 degree change and start having sound economic policies again, gold is not going back down to low levels. With all the money they printed, there is no way that could happen.
But the point he is missing is, before we get to that unlikely scenario, the US dollar will and is getting hammered. You don't want to be Bernanke's target, so you need to get out of dodge.
You can hold other somewhat ''solid/stable''currencies (such as the swiss franc wich the swiss politicians are trying to link to gold again).
You can also hold a minimum amount of US dollars for your daily needs.
But my point is, if you have some wealth (+500k), you got to protect it in these current economic times.
And remember, even if the US politicians make a 180 degree change and start having sound economic policies again, gold is not going back down to low levels. With all the money they printed, there is no way that could happen.
