Hedge Funders Becoming Paranoid

Even those ultra-zillionaires at hedge funds are becoming paranoid, stocking up on guns, gold, food, generators and water for bad times ahead…gold seems to be making the top of the list…

“Gold is transportable, it’s 100 percent liquid, and it’s perfectly divisible in the context of ounces, bars, or coins,†says the head of a California research firm who keeps a supply of it, along with food, water, and guns, on hand. “And most important, there’s no counterpartyâ€â€”i.e., it’s an investment beholden to no one, and perhaps one of the few assets that will retain value if the financial system collapses.

…it will be interesting to watch this whole financial crisis play out. The last time people acted this way was around the Y2K computer problem.