Thursday, March 13, 2008

Only Gold Can Beat the Credit Crunch

Of course - to any Wall Street power broker, economist, or US policy maker, this headline means the equivalent of "Only Space Aliens Can Halt Teenage Pregnancies". In other words, it's a total non-sequitur to them.

So what? Who cares about Wall Street, economists, or politicians? Individual investors, business owners, workers, fathers, mothers, and college students, they are the ones who must survive if the United States is to survive the mounting credit collapse more or less intact. Why worry about those who caused the mess?

The point is that Wall Street or US politicians cannot and will not save investors. They are not concerned with investors, only with themselves. Investors must save their own little selves - and the only way to do that is by jettisoning the world of contracts, paper, and electronic currency blips.

In other words: in this mounting flood, better not wait to get bailed out. Start swimming, find something that still floats - and hang on to it for dear life!

Gold investors, on the other hand - or what usually goes under that name - are having their own problems. Their favorite paper plays - gold stocks and mutual funds - are under siege as well. Big time.



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