Quote:
Originally Posted by MS Fowler
As I understand it, the valur of the gold actually does not change. What changes is the strength of the various fiat currecies. I see MASSIVE inflation as the only way to "pay" for the trillions of pork just spent, and the additional trillions still to come. No way to raise that kind of money by simply "taxing the rich."
So even though gold may be at a 5 year high, it may go far higher.
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Do you even have the option to invest in gold with your 401? I don't.
International funds could be a good bet against the dollar.
My 401 is adding a TIPS fund, treasury inflation protected securities.
Why won't taxing the rich work? That is where the money is.
Two other ways to get money, dept or printing. I think printing is the one that causes the most inflation. If inflation gets high all the commodities should do well, not just the purty shiny one.