I've stopped twice on the side of a road last week and thought to myself: 'what if another recession is, indeed, headed our way?' I have some savings and a sizable inheritance in an account that might give me a good enough down-payment so I can actually pay for my own home in full while I'm still alive; but if in the time it takes before I am allowed to access it- three whole years- how pitiful will its spending power have become? Everybody knows that cash in the bank will just sit there loosing value, assuming the bank it is in does not go down, and adding to it with paychecks in this economy is like filling a growing pool with a shrinking hose. So what's a body to do?
All that changes, though, after one buys precious metals. Their riches are transmuted into gold or silver, which has a magical immunity against the 'hard times.' Just ask 17th century Spain! Yet, if I were to buy from any old vender in town, there will be the risk of running into a sly one that may have exaggerated the worth just slightly. What I had better do is find completely impartial extrapolations on prices per ounce per karat that will tell me with confidence how much gold is when. (Shouldn't be difficult- impartial and reputable economists just roam the streets, ready to divulge such crucial information to fellow consumers!)
Perhaps I should buy one of those trendy DVD or booklet tutorials on how to create portfolios? You know, the ones made by self-acclaimed professional investors that were able to divine the financial fallout of 2008 using the highly complicated heuristic: bubbles always pop. The ones that are now explaining how the sky is the limit with gold. Why else was the escalator to heaven made out of the stuff?
Better yet, why not also ask the vendors themselves how soon gold prices will reach infinity. Some of them, however, do not look to sell to me, but buy my grandfather's old gold lighter or my Great Aunt's old WW1 British tea set encrusted with gold edges. In due time, but not at that puny price! First-off I must deal with the equally naļve sellers. It perplexes me to no end as to why they'd sell, now. Why stop the gravy train short? Do they really think they see a peak up ahead? Oh.
So that's the game, is it? What comes up must come down. Buy in bulk then wait as long as you can, then when growth in starts to level out, panic and sell it all before we take the plunge. Too bad about the stubborn ones that don't get the news flash soon enough. The more they bought, the more they've lost, and you are partly to blame. That's alright, though, so long as I came out ahead- but wait? What if we're just stopping for just a breath? Then there is still some filthy lucre to make! The opportunity to make even more out of less.
O, when I finally decide to cash these investments, I'll be swimming in mullah! Once I calculate for inflation, I'll be able to buy anything! Anything! I could even
make a good enough down-payment so I can actually pay for my own home in full while I'm still alive.