Worldwide Debt and Deficits; Time to Watch Your Back, Jack

Investment risk is going up for new equity positions and it's mostly because share prices are strong. The stock market continues to trend higher, because earnings are good and because there's a fair amount of hope for the future. ... If pressed to make one buy recommendation (other than farm land and/or distressed real estate), I would still pick gold. Make no mistake; all the price of gold needs to do is stay about the same and 99% of gold miners will be making money ...

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