No one I work with thinks to hedge their paycheck. They are bullish on funding their 401k since the company provides a certain percent to match. Some buy TIPS, but as we know the inflation numbers, CPI, etc are all fudged.
Here is the fact. We all get paid in US dollars. That is not going to change. If you are not in debt and are looking to save, why not buy physical gold or silver? I know 1 oz of gold is too much for one to buy every month, but silver coins are only around $20 per oz. Why not buy a few coins per month? In the worst cash of the price of silver/gold goes down, your US dollar paycheck "should" be able to purchase more goods.
I think we could see $30 per oz Silver by the end of this year. I think once silver breaks $60 an oz, the public will take notice and then manic buying will send the price above $100.
For those who say gold is in a bubble, I disagree. I was at the local mall recently and noticed a new gold to cash store. If we were in a bubble, that store would be selling gold and those kiosks would be selling gold/silver. I do find it funny that these cash for gold store exists since this is the time to keep/accumulate gold and not sell it. But, I understand that if you have to pay debts and if you are out of work or a discourage worker, you sell what can and not what you want to pay the bills.
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