Consequences

[cottonpicken]

4 years ago the canadian dollar was around .75.
4 years ago gold was 400 dollars.
4 years ago bond yields were what 4%.
Even if you just bought the metal your still kicken ass.
Most people buy a fund company.
Many of those have returns in the 20% area.

Nice spin though.

Black gold and gold are going up but i could name five commoddities that will double before they do(barring unforseen geo-political risks).

P.s-i've been out of gold and oil for quite awhile now.

[FarmRanger]

20 years ago today gold was $485.70
20 years ago Canuck buck was .78
$485.70 invested in an 8% bond investment at the time would be worth $2,263 today.
Gold has a lot of catching up to do.

[TOM4CWB]

ado098,

Check out:

http://news.goldseek.com/GoldSeek/1197904020.php

"Fear" is our biggest issue... will the average person soon find out that money is an illusion... backed by thin air... Does it even matter?

I am simply amazed that 99.9% of people just stare... their eyes glaze over... and they close their minds!

They choose not to go here!

[per]

It is a good time to have our own personal debt under control.

[cottonpicken]

Gold starts the 70's at 35 dollars
Nixon closes the window.
Gold goes to 850 buy the early eighties.
All commodities rise in this time period.
Our last inflationary cycle.
The fed raises rates to 19% to stop inflation.
This raised the bond yields.
Mission accomplished.
Thus begins the longest and deepest commodity bear market in recorded human history.
Most here probably sense this.
It could be argued that farmers got it the worst.Generational family farms are very much different than other businesses.

This time its different.

If rates were jacked to 18% this time the global economy would imploded.

How ever it plays out will be interesting.