Economy
In reply to the discussion: STOCK MARKET WATCH, Wednesday, December 14, 2011 [View all]AnneD
(15,774 posts)at the moment that means all currency with the exception of a few countries. I think the market is chosing a gold standard, no matter what the IMF or world bankers say.
IMHO, I think that it is mathamatical certainty that this ponzi scheme will be blowing up soon. I further think that, while a gold standard may not be perfect, it had worked for thousands of years. I think gold in some way will be a part, if not the basis of any new currency. I am bullish and very long. I think we will look back on this as a buying opportunity and those that don't buy at least some silver will wish they had.
I did not come to this conclusion overnight and I have read more than I care to on the subject. I see gold as a safety net (profit neutral). I may not get the profit (profit positive) that I would like, but I will not lose (profit negative), which is more than I can say for the MF global investors.
Right now, the AnneD household is beefing up cash, PM, and pantry commodities. I still have stock, but I am extremely picky with those I choose. I have no say over my state run Teacher's Retirement System. I am very comfortable with my choices and will gladly change my position should I need too. The peace of mind is priceless.