From the article:
“Gold is the absolute best and only bet against currency collapse—which is coming, courtesy of central bank irresponsibility.”
PHYSICAL gold and silver are the absolute best and only bet against the greatest financial/economic collapse in known world history that is well on its way.
Food, water, a (self-sufficient, fully equipped) remote farm and like-minded friends are still more important.
This is the Greatest Depression.
- Gold is a Crap Investment—Unless… (Gonzalo Lira, July 15, 2013):
About gold as an investment, Barry Ritholz said it best:
This is not to say gold is not affected by Macro issues. But that is very different than saying Gold has a fundamental value, an intrinsic worth. It does not. [. . .] Gold is not, and can never be, an investment. It has no true intrinsic value, no cash flow, no earnings, no coupon[,] no yield. What people call fundamentals are nothing more than broad macro analysis (and how have your macro funds done lately?). Gold is the ultimate greater fool trade, with many of its owners part of a collective belief theory rife with cognitive errors and bias. [bold emphasis in the original]