Wednesday, December 2, 2009
Hurry - Act Surprised!
The Washington post is reporting that North Korea has revalued its currency. Every 100 North Korean dollars is now worth 1. In other words, 99% of personal paper savings has been wiped out with the stroke of a pen. Think it can't happen in America? BWAHAHAHAHAHAHAAAAAAAH!
Gold versus paper and Gold will win this cycle. Once the Dow to Gold ratio gets below 2, then it will be time to start thinking about getting back into the paper Ponzi playground and hang out with the paperbugs for the longer term. Until then, I remain a [temporary?] Gold bug. And I am not talking about investing in the fraudulent GLD ETF or futures market (though these are adequate short-term speculative vehicles), I am talking about physical metal in one's possession and/or held by a reliable custodian. The more physical metal we global ants buy, the sooner and higher the price will rise.