"The quick or the dead?" (financially dead, not the buried in the ground type!)
1 out of 10, where do you stand, (lie?) at least in your own mind?
"Study the past or be doomed to repeat it!"
"Mankind seems to encounter the same basic problems whether he wears a toga to Rome or dacron polyester to Washington!"
Empires fall. Cultural lines are restructured. Life goes on!
The basic flaws of greed, selfishness and violence are soundly in place to maintain historic cycles!
Why gold? Simply because it's "The Majic Time Machine!"
It's one commodity that can dependably transport wealth from the present, across uncharted chaos, (uncharted chaos certainly an apt description of what is currently happening in US financial circles!) into the world of the future whare economic waves have finally been calmed!"
It's "insurance against instiutional stupidity" (uncharted chaos) at all levels and in all "eras!"
The crash of '29 left banks broke, individuals in financial ruin. It was a depression of the most basic kind - - the sort necessary to get things level again!
Gold and gold equities maintained their value throughout that very unsettled era!
George was using the "R" word this AM, but it seems to many we are long past that, approaching the big "D!"
RUF