Quote Of The Day

Former Ronald Reagan Budget Director David Stockman describes his investment strategy:

“I invest in anything that Bernanke can’t destroy, including gold, canned beans, bottled water and flashlight batteries,"

It seems to me that practical difficulties in profiting from purchases in canned beans, bottled water and flashlight batteries exists, but the underlying point that real assets is the only safe way to protect invested money from the inflating of Bernanke and other central bankers is certainly a valid one.