[quote=partypup] Diego, get a grip. This crisis, like everything else in life and in our universe, is moving in STAGES. That means that you won’t get killed for your precious can of beans, and I won’t be killed for my gold, anytime soon. What it DOES mean, however, is that your standard of living will erode rather rapidly, as will those around you, and over a period of months and years it will become increasingly expensive for you to buy the things you need, and as more time passes, those items may not even be available. And that’s when the real trouble starts.[/quote]
Stages or not, it’s the end point that I find unrealistic. From reading your text above, then you’re saying that you don’t expect the US govt and the dollar to collapse? I ask, because that (total collapse) is what most gold bugs believe.
But apparently you don’t expect total collapse of law and order, but rather a slow deterioration in our standard of living as the dollar, euro, etc. lose value against gold? If that’s the case, then land is a far better option than thinly traded gold that is already quite expensive.
If we’ll enter a period where currencies lose value rapidly (high inflation), then not only gold, but also land, and stock prices will go up very steeply in nominal terms. The key is simply to not hold cash.
