By Porter Stansberry in DailyWealth:
…More important than understanding the size of [U.S. government debt], it's vital that you understand its effects. In this essay, I'll show you the easiest way to track those effects... and the actions you must take to protect yourself from them.
The Barclays iShares 20+ Year Treasury ETF (TLT) tracks the value of the U.S. government long-bond market. This is the primary market the Fed was trying to support over the last year. Gold, on the other hand, is the best market-based judge of the soundness of the U.S. dollar and our creditors. The SPDR Gold Shares ETF (GLD) is an accurate proxy for the price of gold.
Look what happened to U.S. bonds (TLT) and gold (GLD) over the past year. This occurred even…
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Porter Stansberry: The U.S. is defaulting now
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