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To: Grampa Dave
America has turned from a net creditor 15 years ago, to a net debtor for many decades to come. In fact we will never dig out from the mountains of debt, the currency will have to be devalued as with any banana republic.

The guvmint will try to reduce that debt, through inflation.

That's why gold is 'as good as gold' for decades to come, until we have rediscovered the merits of hard work and saving.


BUMP

121 posted on 06/01/2006 9:09:24 AM PDT by capitalist229 (Get Democrats out of our pockets and Republicans out of our bedrooms.)
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To: capitalist229
That's why gold is 'as good as gold' for decades to come, until we have rediscovered the merits of hard work and saving.

Stock in good companies can also be a hedge against inflation. Don't forget dividends!

127 posted on 06/01/2006 9:13:50 AM PDT by Toddsterpatriot (Why are protectionists so bad at math?)
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