Comment: I know it is shocking

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Michael Nystrom's picture

I know it is shocking

Yes, there are cycles of ups and downs but this threatens to be the biggest "down period" in the history of this country. We're talking possible hyper-inflation and, thus, a possible overhaul of our monetary system here.

Go back to the 70's and they were saying the same thing. Every era has their "Peter Schiff"

In the 1970's it was Jerome Smith. Check out this book, from 1980:

Excellent book. Excellent reading. I have a copy. It could have been written yesterday. And he was right for the entire precious metals bull market of the 1970s. But then he went right off and over the cliff when that bull market ended.

Just take everything with a grain of salt and don't put all your eggs in one basket.

He's the man.