Shiny Objects

Recently, two of the smartest people that I know told me they are putting all of their money in silver and gold respectively. The thinking is that our national debt will surely crush us, along with the next wave of mortgage defaults, and the collapse of the dollar, and the drop in consumer spending, and perhaps a plague of locusts. The only option you can rule out, they believe, is that things will go well.

On one hand, I understand their points of view. I can't imagine any way the national d...