We are at the top of the market.
Things are going to go very bad fast. Every move will be crap.
Gold
Probably the best bet. Think the Great Depression. Gold was taken off the market but would have soared. Maybe. Might as well hedge my bets.
This is not investment advice. Do your own Due Diligence. You can lose your shirt. Think twice. Think again.
Wendy: Maybe, maybe not. Gold is also at a record high. Gold has seen many highly volatile moves in the past.
This interactive chart shows the price of gold both nominal and inflation-adjusted.
The chart shows cycles of bubbles and busts. There’s no guarantee that this won’t happen again since the chart is currently in an exponential growth phase that has preceded bubbles before.
Wendy (yes, I own physical gold … but I hold it as an insurance policy, not an investment)
Insurance right now is a good plan.
There are 21 reps in California that are going to want to say something about FEMA for CA. This should get interesting. The entire momentum may be getting a monkey wrench thrown into it.
That would be lucky for this economy.