Day to Day Tactics
The fight for the economic survival of our nation continues as a day-to-day battle, rather than a war that’s either to be won or lost.
We’re down to a fighting retreat. My fear is even though we’ve still got lots of ground to give, we’re going to end up, to overextend the metaphor, on the beach at Dunkirk.
Another down day for the Dow today, closing down 189.01, with Gold closing over $900/oz and climbing after hours. Even more worrying for the non-Gold Bugs out there, is that the mining stocks came roaring back, racking up huge gains. They’ve been beaten down dramatically in the past few months, so there’s still lots of ground to make up, but it appears that recovery is on its way. And that’s a problem for the rest of the investment world. There’s no doubt now that money is fleeing to the safety of only true form of money – Gold.
What I’m still waiting for, is a sign that “Main Street” has woken up to the reality of the situation and understands that this is a situation that won’t just go away. That doesn’t seem in the offing, however. This very sentiment is echoed by Ira Glass on This American Life in the audio preface for Another Frightening Show About the Economy
Again, please heed this advice.
- Get enough cash in hand to handle 1 or 2 months living expenses.
- Store some water.
- Store some food.
- Be watchful and be safe.
Leave a comment