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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
 Posted - 02/10/2009 : 16:40:36
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From 321gold.com
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I like the last paragraph:
"Finally, forewarned is forearmed. Our economic outlook could prove to be too pessimistic, but if you prepare for a depression -- by, for example, getting out of debt and building up substantial reserves of cash and gold -- and things turn out better than expected, you won't lose much. On the other hand, you will probably lose a lot if you prepare for a rosy scenario and a depression actually occurs."
This is what I have been trying to tell people...basically save/prepare for a rainy day and if the rainy day never comes, you can sell your PM's, eat your food preps, etc without much of a loss. If the rainy day comes, you are ready for it moreso than your friends and neighbors.
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My hobby: collecting real money 1 copper cent or nickel at a time.
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The Coming Great Depression
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