Falling Dollar got you down?
Losing faith in the US Economy?
Maybe it's not just you.

"While President George Bush has authorised an economic rescue package to address the US sub-prime crisis, market experts believe the plan has come too late. And no one believes the world's other major economies will remain unscathed as America plunges into an economic downturn. For the world's biggest companies, recession in an export market as vital as the US can only spell trouble." _{--Nick Clark, The Independent, 22 January}

That's right.  That recession and crash I predicted in November?  It's here. ^[1]  And by the way, gold has dipped a bit.  A good time to buy.  Because nothing else is going to hold its value.

• Your house will lose value
• Your stocks and funds will drop
• Treasury bills and bonds will grow for a while, then drop as faith wanes.
• Loans on your home equity may be worth more than your house
• Some banks will probably fail, or be seriously injured and require bailouts

...and even if you have savings, if they're in US Dollars, they'll decrease until the Dollar finds its new value.  Which may come to resemble that of the peso. 

It's not too late to keep your savings safe!  Not yet, anyway.

In times of serious trouble, the Feds will keep trying to adjust interest rates, but it won't work any more. 

• Higher rates will make money stop flowing and cause recession and real-estate collapse. 
• Lower rates will make the dollar drop on international markets and raise oil prices, leading to inflation.  
• Keeping rates the same could well lead to both.^[3]

The economy will have serious fits for a while.  Remember "stagflation"?  Welcome to "stagflation, part II".

And when it's all over, whoever was holding whatever holds its value wins. 

Will that be you?  Then don't put your faith in your US Dollar savings.  Nor in your US Dollar stocks and bonds. Nor indeed in your US house.  They'll all be close to worthless for a while. 

It's time to buy gold.  Now.

(Note:  Things have just (7 Jan 2008) reached a new phase -- that of popular mania. This is the third and final stage of a rally, in which it becomes common knowledge that a certain commodity is rising and therefore should be bought.   This is a profitable but risky stage, since the final peak and drop will also occur in this phase.)

Click chart to run actively (please allow 15s to load)

Not from me. I'm not selling any gold. (I'm buying and holding!) I am, like you, an average consumer trying to figure out how to survive the coming recession.  But I've done my homework.  I'm sure that even now, in Winter 2007, gold and oil have a long way to rise, and the US dollar to fall.   And I've checked out the merits of Gold and Oil ETFs and Index Funds, Hedge Funds, owning gold coins, owning oil stocks, and all the other alternatives that come to mind when you think of serious inflation ahead.  I'll give links to how you can do all these things elsewhere on the site. But I've made my choice and it's Bullion.

The rest of this site will tell you how to buy gold safely and hold onto it, even if your bank goes under.  Start with the Daily Dirt for frequently-updated news.