Gold as Insurance for Bad Times.
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  1. #1

    Feb 2008
    Texas
    Minelab SN/XS
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    All Types Of Treasure Hunting

    Gold as Insurance for Bad Times.

    If the USA goes to a "Banana Republic", it will be gold and PM's that keeps one's head above the stormy waters. The bank that holds your money, owns your money....you're the 'unsecured lender' to the bank. If it goes under, you are highly unlikely to get your money....

    See what you think.

    "Chance Favors the Prepared Mind."
    Louis Pasteur

  2. #2
    us
    Feb 2008
    Great Lakes State
    dirtfishing
    10,796
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    silver surfing
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    For the long term, ok, because I believe this could drag on for a long, long, time.

  3. #3

    Apr 2008
    3,618
    448 times
    Great article to show that as a country we are moving in the right direction and cleaning up are "debt" act so to speak (NOT!). Will make you feel warm and fuzzy to read (only if you are holding PMs).

    Maybe we should all buy bitcoins instead of PMs? LOL

    Hey TreasurePirate, can you honestly tell us how long this can go on? Forever, another 10 years, 5 years, 1 month? I honestly don't know but hope you can help enlighten.

    Treasury Forced to Issue $1T in New Debt in First 6 Weeks of FY14 | CNS News

    Jim
    Last edited by jim4silver; Nov 19, 2013 at 11:38 AM.
    R.I.P. Rich Hartford

  4. #4
    us
    Jan 2012
    589
    194 times
    All Types Of Treasure Hunting
    Quote Originally Posted by jim4silver View Post
    Great article to show that as a country we are moving in the right direction and cleaning up are "debt" act so to speak (NOT!). Will make you feel warm and fuzzy to read (only if you are holding PMs).

    Maybe we should all buy bitcoins instead of PMs? LOL

    Hey TreasurePirate, can you honestly tell us how long this can go on? Forever, another 10 years, 5 years, 1 month? I honestly don't know but hope you can help enlighten.

    Treasury Forced to Issue $1T in New Debt in First 6 Weeks of FY14 | CNS News

    Jim
    It's been going on in one form or another for over 40 years so I would say your guess is as good as mine....

 

 

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