Debt
Crises!
Coming to a Country Near You?
DYI: Researchers, economists and anyone else who
have studied the world wide sovereign debt build up knows that sooner than
later a loss of confidence in that countries ability to repay. The United States has now passed the threshold
with debt exceeding our GDP and continues to grow at a 5% growth rate reducing our
ability to service it. This growth rate
does not factor in any intervening recessions and with 70% of spending in
untouchable entitlement social programs a debt crises is a few years away.
DYI model portfolio has a 32% commitment to
precious metals mining companies. Gold
along with the other metals has always protected capital from government’s
currency debasement. The days of easy credit
and speculator/investor desire for risk taking are now receding. Precious metals and especially gold would be
timely and potentially rewarding.
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