I was up early today thinking a lot about my next financial move. I decided to go with my instincts, and to fall back upon ancient rules of human behavior that have held true for thousands of years, in calm times, and in situations of total financial chaos.
Today I’m buying gold in massive quantities across all my accounts.
I believe this crisis will drive many to gold. Yes, the gold markets are rattled and moving under $870, but I’m not going to be rattled.
The play is gold. We are nearing a critical point where people are losing confidence in banks and in the dollar itself.