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Originally Posted by ASU2003
I have moved some to cash, but with the 401k, company stock, and different accounts, I'm not a day trader. Yes, I should have seen this coming...
The big problem is the Tea Party and their ilk have been buying gold and oil. They don't care if the US dollar crumbles or the stock market crashes if you are heavily positioned in that way.
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They do care if the dollar crumbles, Ron Paul has been talking about this for years. They want to stop the spending because the fractional reserve banking that bails out the governments deficits creates the inflation.
If you knew the government was hell bent on destroying the dollar why wouldn't you protect your assets by buying gold and silver?
I use gold as my savings account because I know there's no way my money will keep its value if I keep it in the bank. It's not so much that gold is up, the dollar is plunging. Get out of the dollar before the hyper inflation starts.