I’ve been warning about this, and now it’s here. The budget deficit is blowing out to a record. By the time the financial crisis afflicting our country is near a bottom, the deficit will double, to near $1 trillion!
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So what does this mean for us as a country and as investors? Should we be investing in China??
Agree RM. Everyone in the world says they can see this horror before us. What can we do with this information, besides buy gold (which I hold in some proportion). Even Larry would agree diversification is a good thing. So, what/where makes sense if we have capital to put to risk?
Larry Edelson Reply:
February 13th, 2009 at 2:34 pm
Gold and other assets with intrinsic value, namely, natural resources.