If you were surprised by what has happened over the past week, then you need to re-examine your belief systems, where you get your news, and who you trust for financial information.
Good point.
What you are witnessing is the demise of the United States currency towards worthlessness. Protect yourself from that and you'll be fine.
I suspect the problem may be harder than just converting dollars into gold. If US currency becomes worthless and the economy tanks, stuff will not be manufactured anymore, so you wouldn't have anything to buy with that gold.
RA, stocks, gold - are not reliable in this economy anymore, they can permanently go down with the dollar any moment. IMO, only real goods, which are hard to wear off from moderate use, compact, and in a good demand is the way to go. In the USA (hoping for the firmness of the 2nd amendment holiness) I can think of guns only.
FWIW, when the Soviet Union collapsed and their currency became worthless, guns weren't the most popular items at all.
Previous Topic
Index
