I interact every day with people who would not DREAM of not insuring their homes, their cars, their lives, their health....., but have NO insurance at all against a dollar collapse, or severe retrenchment of the dollar. This obtuseness and stupidity amazes me to no end. Many of these people are middle class people who have worked hard all their lives to amass homes, retirement portfolios, savings and other forms of wealth.
They seem to be blissfully unaware or unwilling to consider that a period of severe hyperinflation will literally wipe them out. Reactions range from the "it won't happen, the government will do something to fix it"(the government CAUSED the problem, folks, and it is now shoving those same destructive policies into high gear!!!!!!!!!) to "I can't do anything about it, so why worry?"
On the other hand, a very few group of friends of mine are now calling and emailing me asking "do you think I should buy some precious metals?"
The clear and compelling answer is YES. Don't buy it as an investment. Buy it as insurance on your investments.
You will not be sorry.
Gold's Rise Dependent On How Low US Dollar Will Go: Ron Paul by Daniela Cambone