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The safety of debt

Submitted by BokenTerp on Tue, 12/09/2008 - 17:41
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So investors are flocking to the "safety" of US treasuries at year end here. Count me out:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aOGXsWKE...

Is anyone else holding GLD, SLV or GDX? You have to hold something, so even if you're just holding on to dollars, that's a decision too. I know some folks have tried to get their hands on actual bullion itself. Of course this is time consuming and the dealers charge quite a premium.

It's not surpring that Americans don't save. We're incentivized not to in many ways. They want us go out and spend the money on George Carlin's proverbial "cell phone that makes pancakes". And then pay %20 percent interest on it.

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Submitted by legalizeliberty on Tue, 12/09/2008 - 18:30.

http://www.votenader.org/blog/2008/09/10/statement-to-ron-pa...
http://www.flickr.com/photos/57925480@N00/2660779139/sizes/l/

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"How can we justify to the unemployed and underemployed in the United States the incredible cost of maintaining a global empire?" - Dr. Ron Paul