RE: Rob McEwen&Jazzy Gold Gurus on POGThe only problem with these scenarios is in reality gold is only going to basically keep you even. If all these realities playout we are fu...ed and that is not a nice world to live in.
We have people living all over the world in way worse uemployment than in the western world and the reality is we are going to have to lower our standard of living.
Take my own life for example, I grew up in a middle income family, we had life pretty good, my dad worked hard, parents went to Mexico a few times. I' ve worked hard in the construction business, started putting on vinyl siding and now do high end homes. I live in a mansion in the ritzists part of town, own a classic RR, older one, go to Europe once or twice a year and own 6 properties and make 3-500k a year. Lots of people have done better than I have but lots more have worked the same if not harder and have squat. I made my money on peoples desire to have bigger and better and lots of debt, its been great for me and many more but the sh..ts for the world in general. We are now all paying for that extravagance. Think of it only 5% of the people used to play the market now everyone is an investor and instead of companies trying to build viable businesses they are all concerned about growth to drive up their share price so they get to cash in their options every year.
Thats why I like the mining exploration business, is some cases, its people actual doing something, it is really investing in something, not a buying out of one company to be simply a bigger company and the consumer having to pay for the over inflated price tag.
Sorry for the rant.