Wednesday, December 13, 2017 3:22:28 PM
Another high paying short is cash. While it seems counter intuitive to buy dollars as the economy craters, "cash is king."
The news will call it "a flight to safety" but that's the opposite of what's happening. Banks can't find qualified borrowers who are dumb enough to borrow. Lines at lending windows disappear, so with a debt based currency the currency supply evaporates. That makes "vintage" bills, the ones with lots of inflationary zeros printed on them, extremely rare and valuable. Cash is a solid, explosive position because the economy burns so much faster than it builds.
Also important, IMO, is to trade for value and not to fixate on price. All prices will fall, making them unimportant. IOWs, if I lose half my income and prices halve too, who cares? Gold is a counter intuitive winner during deflation which most people can't comprehend.
Example:
Now, 400oz of gold might buy a 5000 sqft house priced at $500K.
Later, that 5000 sqft house might trade for $200K, and your 400oz might buy two of them, meaning the gold price fell.
Recent NAK News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/19/2024 10:57:25 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/15/2024 05:35:58 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/23/2024 07:33:48 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 03:26:58 PM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 12/29/2023 08:52:47 PM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • ELMGF • Sep 10, 2024 11:00 AM
Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM