I’ve heard it remarked that The Fed will stop printing dollars when they run out of trees. If you subscribe to either the mother-of-all-inflation or the end-of-days investing thesis right now, then gold is your play.
A lot of guys I talk to on The Street have begun to proselytize and preach the gold gospel. They are starting to sound like the Austin Powers nemesis, Goldmember (“I Love Gooooooooollllddddd!“).
I own some gold-related trading vehicles for clients as trades or hedges, mainly because they’ve been working, but I haven’t started to stock up on canned foods and guns just yet.
I wish I could say that all this gold fever means it’s a top, but intellectually, I can’t agree with that gut impulse just yet.
Other than gold, if anyone knows the names of any publicly-traded safe companies or credit consolidation companies, I’m all ears, as these could be the next big winners as the depression develops.
Yeah, not in a good mood tonight, surrounded by so much destruction. It has permeated my soul at this point.
41 days ’til Cabo…