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MisterEC

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MisterEC

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Re: Irons3 post# 36380

Tuesday, 09/09/2003 1:09:41 AM

Tuesday, September 09, 2003 1:09:41 AM

Post# of 92667
You buy gold and silver as an inflation hedge. There will be another word to describe what happens when the debt of the US swells past the almost $7 Trillion it is now. All the jobs are sucked overseas, and then the boomers retire in mass and demand social security, which is all invested in the same US debt.

I don't think owning gold will help much. If the dollar totally collapses, what will be left to buy?

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