Happily (er, gloomily?), along comes famed investor Marc Faber to weigh in on the WCV side:
"Say war breaks out in the Middle East or anywhere else, Bernanke will just print even more money -- they have no option...they haven't got the money to finance a war," said Faber.I'm not as certain about another imminent war as Faber, but even without another war, the U.S. is completely broke and dependent on the Fed to monetize a big chunk of its 8% - 10% GDP deficits.
"You have to be in precious metals and equities... most wars and most social unrest haven't destroyed corporations - they usually survive," he said.
You got a big pullback in gold and silver these past few days, and a modest pullback in equities. Buy the dips, baby. Bernanke's printing press doesn't have a "reverse" gear.