Yes, like the bad days; very bad days. Some pundits and talking heads post about the total world economic collapse. While it's possible, I don't think it will be that bad. If I did, I should be loading up supplies and ammo and digging a hole to hide in.
On the other hand, I don't think the general public is aware how bad it is going to get. I am thinking much of the economic news is propaganda manipulated to calm the masses. The very worst is yet to come.
In the 80's gold moved opposite of the market. Dow goes up; Gold goes down; Dow goes down and gold goes up.
Now gold operates attached to the dollar. As the dollar goes up, gold goes down, etc.
This is because investors are looking for liquidity and not long term safe haven. They see the dollar as safe. The dollar is showing the strongest compared among EU and Asia currencies.
But the dollar is so stretched and America's debt so inflated, there will have to be a fallout sometime. With congress ineffectual and Europe ready for an economic disaster, when reality sets in, the fallout will happen and it will be joined by out of control inflation.
I am betting gold will detach itself from the dollar faily soon, and will once again be the safe haven as the dollar deflates. Many governments and their national banks are already starting to hoard gold.
I am holding on to my bullion with a death grip.
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