Of course the entire world will end it's 2012. Right now I fundamentally believe that the firm question needs to be how shall you pay me? Or put another way what will you give me for what I hold as in Silver, Gold, stocks, and other commodities. If you answer is dollar bills then I shall choose to wait, because the value of the money you pay me in is decreasing sharply as the debt increases. Right now GDP growth is 1.9 to 2.0 percent a year and debt is growing at 8 to 10% as a function of GDP. Their is a gap of 6 to 8% every year. I can hold on for a decade and then ask yourself what will your dollars buy?
I've noted that I find nickles and dimes on the side walk. No one bothers to pick them up, even quarters. A decade ago it was pennies that no one bothered with.
What we should do as always is bookmark this conversation and return to it in a couple of years. Then we shall see if I am correct or wrong.