I have to agree Strat, there don't appear to be many safe havens apart from cash, if confidence really goes. We saw that in 2008.
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Guess that depends where your cash is and how quickly you can get your hands on it-Remember those ques at the banks in the great depression? But up until that stage,yes, cash is probably a good safe option.10% in gold is still a good way to try and keep all the bases covered.
If history's anything to go by getting in at the bottom might mean staying there for the next decade or two.
http://www.ft.com/intl/cms/s/0/cb07c...#axzz1Zk5uMwbe
You can ignore the above JB, it's the 'mainstream media'.
How many goldbugs here have a formal economics education? That would be interesting to know.
lol
Bloody good guestion.
Non mainstream would
Report without opinion
Report all sides of a story
Report without agenda
Not be financed by anyone with an opinion or an agenda.
Good luck with your search :D
ps I was just repeating your choice of words. No opinion or agenda here mate......:lol:
I was just looking at the gold chart on Kitco. Gold has moved up from $1625 to $1665, a $40 jump in well less than 24 hrs. Go back a month or two and that was big news. Back a couple of months and $1600 was big news. Sorry Skol, Gold seems to be holding up at the moment. Not much else is, and you cetainly won't get many gains on cash in any country, on average. They are all creating more of it.