I hope I have deceived none of you. I am not an economist, nor am I of any particular significance within my field. I am one severely exposed individual, which I think gives me a unique grasp of current events.
Everybody seems traumatized these days, and who can blame them? I feel as if I’ve been at war for six months. But you can’t deny the pattern, people. I know, I know. This time it’s different. Yes? Of course, it is.
In my tiny corner of the world, I hear the same old tired arguments rising up to a crest. Gold. The most precious metal. What a crock! I listen to a lot of conservative radio and some of the personalities go as far as voice-over endorsement ads, recommending people diversify into gold. Suprises me, to hear the most staunch conservatives advocating such an obcenely volatile asset class, with no remorse for peddling it to the masses. It baffles. Commodities are volatile assets, folks, always have been. How then did we come to accept this premise? Are we being duped again by the fear mongering media?
While there’s obviously no limit to the number of dollars our government is willing to print, I can clearly imagine the value decending rapidly towards obsolete. I’ll even one-up that part of the theory by stating it’s a rare few that can fairly value a dollar today, as is. Enter stellar debt and black hole deficits, and most won’t have a prayer. Still, even if you ride that bus all the way to Armageddon, you believe that once the world goes to shit we will suddenly become a nation of barterers trading in precious metals? Krugerrands & bars of gold? Really? I doubt it.
The most precious metal is lead, bar (of gold) none. With lead you can protect your family. Lead has real muscle when it comes to control and power. Life stopping lead, why you can even eat it should the situation become dire enough. Put yourself between your family’s starvation and your last loaf of bread. What would you rather have, a bar of gold or a round of bullets? I think I’d choose the latter. Definitely, more bang for the buck.
But again, I’m no economist. What do I know? Nothing special. I’m just another twitchy eye on the world upside down. I’m as moderate as I can be with my lifestyle and I’m still a gluttonous, capitalist pig. And still, I think I’m only mildly infected.
Take heart: Optimism equals courage. Don’t be afraid to believe that things may work out (despite the communists in power.) Without that belief, things won’t. Go ahead and put the I in resilient. Don’t make the same mistakes. If you can’t find anything great to believe about this country, if you can’t see a recovery on the horizon, then by all means, please, sell everything you have and buy lead.