$5000.00 Gold By 2012 US Dollar Never Recovers, Peter Schiff (Video 4:57)
Peter Schiff is a Ron Paul supporter. He has been buying gold since 2000-01.
I am expecting deflation like Japan, with a more severe downturn. I have closed most of my gold, silver and oil picks in anticaption of the deflation.
But there is a possiblity of a dollar collapse and hyper inflation with war Iran. Also the US has been taunting Russia by annexing Kosovo, pushing Georgia and Ukraine into NATO/EU. The antagioism of Iran may not end well for either party. I will write more on this later, I invite you can read my On War post from April. Again, there is no bigger issue/theme in the US market to me then the War. The illusion of wealth that drives the US' consumption based, borrow and spend, warfare/welfare state, will take a dramatic turn if US forces are lost in Iraq or it the US goes nuclear on Iran.
What should you buy? A freezer and meat. Meat is going up with the price of feed. Also I believe in physical wealth. Meaning, you should have some gold and silver stored, where you can access it if needed. The older you are the more physical wealth you should stock pile.