Will They Force You To Buy Treasuries?
Posted on January 13th, 2010 by MoverMike
I’ve feared this was coming for some time: Forcing you to purchase treasuries with your deferred retirement plans, like 401(k)s and Profit Sharing plans.
I’ve feared this was coming for some time: Forcing you to purchase treasuries with your deferred retirement plans, like 401(k)s and Profit Sharing plans.
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The hidden threat in all of this is that as people struggle to reduce debt levels the resultant effect of all of this then emerges as excpenditure tightens up with no available cash being spent and more saved…and so on. The end result if Central Bankers don’t get it right is the complete break down of the financial cycle.
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I continue to be astounded at the gold price lately. I was recently seeing how it has gone up yet again. What do you think the ceiling for it is gonna be?
Alden, the first bull market lasted from 1970 to 1980. Gold went from $35 to $850. If we do the same thing again, the low was $250 in 2001, you are likely to see a peak next year of at least $6,000 - IMHO.
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[…] would nationalize our IRAs and 401-Ks. I posted about this threat back in January of 2010 asking Will They Force you To Buy Treasuries? They would force our retirement plans to own Treasuries, IOUs, just like Social Security is stuffed […]
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