kidmercury

the chart is a bit misleading, we need to see it relative to the devaluation in the zim dollar. a flight out of the dollar ultimately means a decline in all dollar-denominated assets in real terms, which means all dollar-denominated assets will fall in purchasing power. put another way, the stock market may rise, and perhaps sharply, but consumer goods will rise even more sharply, especially since the US imports everything and produces nothing (except war and debt).

i do like silver a lot and agree it could do better than gold. there are also more and more stories of fools' gold, i.e. gold plated ingots that are actually tungsten on the inside. oil and commodities are a good hedge against such concerns, although i'm not sure how legit they are.

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