Silver, gold, diamonds vs knives, guns and bullets

[Dien Rice]

Originally Posted by GordonJ

"Gold has never NOT had value." G. Gordon Liddy, pitchman and former "plumber" of Watergate infamy.

And the well heeled herd believes.

When the markets crash, it more than likely will not be because of a natural disaster (although could be)...it will probably be a result of political moves in the world currency markets, IF there is a split over whether the dollar remains the "gold" standard of trade.

Greece just defaulted on its payment due to the IMF...

Why should anyone care? Greece is just a small country, by world standards...

They care because people fear the "domino effect"...

France, Italy, and Spain all also owe huge amounts to the IMF. What if they default too?

Greece owes 57.23 billion euros, France 42.98 billion, Italy 37.76 billion and Spain 25.1 billion.

It'll be a race to get your money out of the market before the next guy does...! We can see some of that already, with the recent fall in the S&P 500...

Not saying we're there yet - it depends on what happens with Greece, and whether other "dominoes" are in danger of falling...

But, where will that money taken out of the market go?

Generally, cash, bonds, precious metals...

Is that what will happen? That's what some people are fearing...

Best wishes,

Dien