Topper wrote:I was at a resource investment conference last week and there were people just like that there. Some folks were wondering if it is OK to bury your gold 3' underground in your back yard or if you need to get it deeper, say 10', to avoid detection by the government scanners. A company on the trade show floor was selling home survival packs of freeze dried food, generators, battery packs, guns, ammo and what ever. Great humour.
One speaker told these folks that when shit hits the fans, they will survive the first wave, but when they emerge from their bunkers, the second wave will be Mad Max and their chance of survival becomes nil. He was boo'd off the stage.
These folks are all writing in Ron Paul.
Schmautzie has a lot of company out there.
I honestly don't know how much legitimacy is in that line of thought. I know financial guru's such as Robert Kiyosaki and Mike Maloney are saying the same thing (i.e. the "tipping" point for the U.S. has been reached, and they will continue to try and 'print' their way out of debt, and this will cause hyperinflation 10 years from now, and all fiat currency in the world will end......resulting in the masses all turning to Gold and Silver to protect their wealth...........which will lead Gold/Silver to have massive amounts of purchasing power for things like Real Estate, barrels of oil, etc., etc.). The creation of the Federal Reserve is apparently, the root of all of our problems.
It's an interesting theory, and the guy's peddling this line of thought often cite the period between 1974-1980 as a result (but stating that this time around, things will be WAY WAY bigger). Many historic examples are also used about how many empires collapsed when Governments got greedy and started 'inflating' the currency...........which ultimately lead to massive rush back to Gold/Silver in the end.
My only problem with these guys "selling" us this line of thought, is
1) If Gold and Silver are really going to be this valuable in the future, why the fuck are they telling us?.........because it damn sure ain't out of the "goodness of their heart." Obviously - they are selling physical bullion for profit.....right?
The "plan" for a lot of these guys is to sell their physical gold/silver when it reaches it peak, and then re-invest into cash flowing real estate and/or high dividend stock yields.
To me.........it sounds like a lot of 'hot garbage'.........and this is coming from a guy that proposes some of the worst hockey trade proposals in message board history.