Cash was king, now gold is god..
I wrote this piece for The First Post in the UK today. A Wall Street analyst friend told the other day that there was a day last week when not a single new car was sold in the United States. The average is 40,000. I haven’t been able to verify this, but anecdotally, it feels about right! Whenever I really want to frighten myself I go to Jim Sinclair’s site Mineset. Jim has been a gold and silver trader for decades – and these days he’s about as pessimistic about the world economy as anyone. Buy gold and head for the hills, is my very simplified version of his message.
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