Replies

I got out of commercial real estate funds awhile ago, but still not soon enough :(

The next fund I’m concerned about is one that is more conservative in these times - invests in government bonds and gold. The gold is okay, and according to my broker, the bonds are safe “as they are backed by the full faith and credit of the Federal government”. I laughed at him. I don’t think he liked it. But, for awhile longer I think it will be okay.

And like he said, “Well, if the government defaults, everything is screwed”.

I think the credit cards and banks will be the next thing to fail before the government finally does.