Saturday
Any spare dollars that you can scrape up from anywhere, now is the time to get rid of them for money. As many ounces as you can get. Gold if you can afford it; silver if you cannot. Both are good.
Dollars will continue to slide in value. It will take more and more of them to exchange for real money. One day in the foreseeable future, no amount of dollars will be able to get you one gram of gold.
Don’t get caught on the wrong side of that trade.
Take out a loan against your real estate and use that to swap for gold – as long as you are guaranteed to be able to service the loan. Better still, sell the real estate. It’s been going down in value since 2004, but because the Au$ has been collapsing in value, thereby requiring more dollars to buy real estate, some think that the value of real estate has been rising. It would be funny if it were not so sad.
Most assets are now dropping in value. Dollars are dropping faster than anything else thus giving the impression that some assets are rising. They are not.
Don’t be fooled by monetary prestidigitation.
Caveat Emptor. I am not a financial advisor; I am a highly opinionated gloomy old bastard.