I heard a financial consultant being interviewed.
First he said "#1, pay off all your debt, house included if you have one, before you do anything else with your money."
Then the panel pushed him for advise where to invest their money.
"Invest? Don't invest. Protect." His advice... there are no smart investments right now... the impending currency collapse and the hyper-inflation it will cause will decimate any CD, stock, bond, treasury, mutual fund, or even money in your mattress. His advice... even at todays inflated prices... start moving all your financial assets into hard assets like precious metals and agricultural commodities. Nothing else will retain its value during hyperinflation except things with inherent intrinsic value. "You're not trying to grow your portfolio, you need to be trying to protect it from devaluation."
WOW.
More and more, this is the mantra of advisers. A year ago, it was just the radical "crackpots", nowadays, it's mainstream advice.
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I'm sober now. Gulp.
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