I reply that you have a reasonable strategy IF “cash” means you are converting money into physical gold, or some hopefully safe form of currency (Euros? Yen?) instead of dollars.
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While I agree with you about investing in gold in the near future (as I believe it’s bound to be driven up when the average guy catches on to how bad things really are and runs to investing in something tangible)- I don’t agree with investing in foreign currency. If you think things are going to be bad here in the next few years, I’m sure it’s going to be much worse for the rest of the world that relies so heavily on the health of the U.S. economy.
