It’s time for hard assets

I spend a great deal of time sorting through PMI reports, GDP releases, key corporate financials and more – at this point – I’m just moving money into hard assets.

Cash is not a hard asset. It has no intrinsic value – only that assigned to it by an arbitrary entity.

Gold does not feed a hungry person or keep a cold man warm. It is .. just a soft metal that looks “perty.”

Ultimately, if things get upside down – which they are likely to do – tangible assets will be the most useful.

Tangible assets are things that have value regardless of an arbitrary government entity saying they are worth something. Chickens have value, cows, guns, ammo and whiskey all are worth something because there is a demand for them – not simply because the government says some piece of paper with a president on it is worth a buck.

I am not telling you that the end is near – who could know that?

I’m just saying that if you are concerned, cash in the bank may not be yours much longer and the government has confiscated gold before. This time, go hard.