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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{ 3 comments… read them below or add one }
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.
So what does this mean for us as a country and as investors? Should we be investing in China??