Too bad they’re not gold bugs: A review of HBO’s ‘Years and years’
“It’s one thing to read words like ‘crisis’ and ‘instability.’ But it’s vastly more affecting to see a man with a million-dollar account be denied entry to his failed bank and realize that in the blink of an eye he’s poor. And then to see him juggling five gig economy jobs and still having to move his family into his mother’s house.
This is validation for stackers: If that guy had minimized his exposure to the banking system and turned his cash into gold and silver coins, he and his family would still be living in their posh London flat. And his marriage would have survived. And his son would have been able to avoid a harrowing and life-threatening trip through refugee hell to rescue his boyfriend.”
USAGOLD note: An economic breakdown, as Rubino suggests above, is not the only of life’s calamities against gold acts as a hedge. The full piece linked above is a captivating, quick read.
Image: Albrecht Durer’s Four Horsemen of the Apocalypse (1498)
Repost from 11-6-2019