My friend had been brainwashed by all the "Dollar Collapse" hucksters out there. I finally talked some sense into him and he sold all his Gold and bought treasuries. He can sleep at night now.
How can he sleep at night? Even if there was no debt crisis, bond prices are at their peak with a negative return. How long will the FED keep printing money to keep rates low, or to fool markets?. Sooner than later, rates will rise...and your friend will take a loss.
are you clueless
- we have a debt load that is not sustainable - and the debt is increasing minute by minute
- we are devaluing the dollar daily with more printing and increased debt
- gold will break 2k because the $ will continue to be devalued by the US government and the Chinese
you should NEVER give friends your genius advice when you have no clue - you just BELIEVE in all the us government debt creation schemes