For those of you playing at home.
I also correctly predicted that the Dollar would strengthen against Gold.
Glad I bought up all the USD I could.
Helicopter Ben will happily print up some more for you :)
I've been telling folks to buy cash for at least a year.
Buy and hold...both in the bank and under your mattress.
Good move. Deflation is the theme right now. Everyone has antennae up for a replay of fall2008-winter2009 severe downdraft when SLW went to $3. It can happen again but (just repeating others here) this time much worse because this is not about staving off bankster/Wall St. defaults. This is about staving off sovereign nation debt defaults.
Who knows, maybe the Euros with Fed help will find a way to make everything look good and the deflation theme will be replaced by rallying stock and PM prices for a few weeks or months. Euro is up today