The Cowboy Way?..................from Rico

There are many iterations of the famous "Cowboy Way"...and one of them is to put your money where your mouth is.

Bill Gross of PIMCO (the World's largest bond fund) is one of the best-connected and tuned-in men in American finance.
- He just dumped ALL his Treasurys...bringing his Government-related holdings to ZERO. This has not yet been 'announced' and I'm not certain that our feckless FTV/Financial Media will say much about it (if anything at all, it does rather contradict the "Happy Days are here Again" drumbeat they have been inundating us with).

This signals a very clear message, it's "time to get outta Dodge!"
- Anyone who continues to hold bonds or equities is going to be eating financial 'lead' in future.

Looking at the big picture, and I can't hold a mental candle to Gross, Faber, Rogers, et al, there are two asset classes that anyone serious about surviving this fiscal train wreck should consider getting their hands on something tangible like:
- Buying a house (sounds crazy today, I know, but look at this chart), and
- Buying some gold (physical, not the fakey paper stuff).

FRN's (paper Federal Reserve Notes) just aren't going to get the job done.....
- Backed by the "full faith and credit of the US Government? This Government? NO thanks!