The attempts to get you to buy gold are off the charts! EVERY "conservative" TV and radio station has a different gold company running the ads, with the hosts claiming "X is the only company I trust". It seems like whenever there is a huge push for something like this, it is all part of a behind-the-scenes plan to rip off the average joe. My feeling is that if the SHTF and the economy collapses, what good will $100,000 in some gold company stock/fund do you? Is anyone else going to buy your $5,000 /oz gold? My theory is that this huge gold push is to drive the price of gold up to a point where the big boys DO sell out, make a killing, and leave everyone else scrambling to get out before it drops below what they bought in for. Please post your thoughts on this. Thank you.
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That's what I was thinking. The mortgage is fixed, so my PM which have increased in value due to the decline of fiat value would be used to pay for a mortgage that is now woefully undervalued because it is fixed.
Of ocurse, if my employer keeps pace with the value of the dollarand is paying me 3 to 1, for example, that would also help with the mortgage but would also help with necessities. But I doubt this will happen.