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.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s