Some People Are Burying Cash
I also noticed a news article last week that frozen and canned food sales were way up. Perhaps people are stocking up - just in case of some sort of food crisis - or food costs that skyrocket if hyper-inflation takes off at some point.
Gold has been down for the past month or two (from the 900's to mid 700's) - but rebounded a lot on Friday - up 57 bucks to $801/ounce. Meanwhile - Australian gold production hit a 20 year low.
Meanwhile Gold Stocks tanked during the past few months - getting cut in half or more.
GG went from 35 to as low as 15 or so. And AUY (Yamana) went from 11 to 3.5. Seemed like quite an over-reaction to gold just popping down about 150 bucks.
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