'Buy farmland and gold,' advises Dr Doom

Originally posted by ziggy1706
Now, once agian, the big $10,000 question...WHEN do any of these guys, or reputable economic anylists, predicting or know for a fact, the day of reckoning is coming...when

That's the thing, isn't it? It's very easy to know an event will happen someday...very hard to know when. Plenty of traders and investors were fully aware that bubble conditions were underway in the late 90s or the 2000s and went along with the game because they knew there was still money to be made. "Being early is the same as being wrong," says one old Wall Street maxim.

Gerald Celente has a good track record of calling events with pretty close timing; he nailed the '87 market crash, the fall of communism, the bust of the Internet bubble, and the '08 financial mess with excellent accuracy in date setting. (He's also made his share of errors). Off the top of my head, I can't think of anyone else with as good timing in terms of big macroeconomic and socio-political crackups. But nobody is immortal.

reply to post by thecrow001


Don't forget to check your local pawn shops. People are always unloading their silver & gold coins, bars, and other jewelry.