If you hurry and take a peek at Kitco.com, on the right-hand side you’ll see today’s closing price for gold: $666 an ounce. Rush out and get some extra food storage, some duct tape, and a can of WD-40. Then lock your doors. 666 may be here – and this time it’s not just Elvis.
Of course, if you’re smart enough to own some precious metals, this may strike you as good news.
The erosion of the dollar and the depressing instability of the stock market raises serious questions about preparing yourself financially for the future. Real inflation is much greater than the “official” low numbers we are fed. Even if you are beating the market in your 401k, you are probably still ending up with less purchasing power year after year because of real inflation. So what does one do? Well, I think you need to include investments that will still have value if the dollar drops a lot. And don’t forget a hearty food storage program – and please don’t forget the duct tape.