If you stocked up on non-perishables gradually when on sale prior to 2010, you made out alright due to food price increases since then, so long as you purchased items you’d use anyway.
If you bought gold prior to 2010 you did alright too, but should have sold last year. I was expecting a decline to $1,200/oz gold this year because so many authorities with the ability to move the needle telegraphed exactly that intention. But, we’re there and still declining, so it looks as if the next floor would be $1,000 to me. I can’t bring myself to pay even that.
Comletely freaking out over some possible worst case scenario is not advisable, but pondering the repercussions of it is a good thing to do. It’s not hard to see the instability inherent after the 2008 real estate bust and financial crisis. These are not normal times and it’s not going to be business as usual for some time yet into the future. That calls for some level of preparedness but just what that level might be varies from one person to the next.
>> “ But, we’re there and still declining...” <<
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Nope!
Nothing remains the same, and that is how money is made by those that recognize that simple fact. Sell on the rise, and buy on the dips.
The wise have been buying all the metal they can as it falls, and will sell it for more than the money they put into it will be worth, whether the panic is inflation or deflation.
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