That's not just the title of an R.E.M. song. It's how today's gold and silver investors feel every time they get a reminder from a newspaper or news program.

They see what you see, and anyone paying even a little attention can't help but notice the stunning array of problems that are menacing the global economy and threatening traditional investments. In fact, I can't say I've experienced the like of it before. And that's saying something, considering I've made crisis (and how to profit from same) the focus of my life's work.

This time around, the unfolding crisis carries several especially dangerous features - and a locked-in profit opportunity available to anyone even moderately fleet of foot.

Intractability

First, the intractability of the situation. That's the word Paul Volcker, former Chairman of the Fed, used to describe things, and it's a perfectly good word meaning, simply, that the underlying problems can't be fixed.

In the Middle East, for example, even if we pull all our troops out today, the situation won't settle down for years... or maybe even decades. And each day of turmoil will cost the U.S. more tens of millions in direct and indirect costs -- and keep the global economy in a state of chronic worry over energy supplies. Then there's the collapsing housing bubble. For years a galloping real estate market was the primary driver of our economy. Now real estate is hobbling on three legs and has become the primary driver of personal and corporate bankruptcies.

Even more serious is the 6 trillion or so U.S. dollars in increasingly twitchy foreign hands. Hardly a day goes by without some government or another announcing plans to diversify out of the dollar. And no wonder, given the record levels of personal and government debt in the U.S.

And even more debt is baked in the cake. We have a freshly-elected slate of Democrat law makers looking to "do something"... from universal health care, to global warming, to confronting the "unfair" trade practices of China and Japan (the very people who own much of the above mentioned $6 trillion). Those projects are just for starters, of course. Congress's "must-do" list goes on and on, and for politicians, "do something" never means "do something cheaply."

So far, so bad.

But it gets worse. Much worse. Over 20% of the U.S. population - the baby boomers - are now beginning to retire, and most of them have nowhere near enough savings to enjoy their senior years. So they'll be absolutely dependent on the Social Security and Medicare promises they've been hearing all their lives. Politically, those promises are impossible to renege on. Financially, they're impossible to pay. And along with the government's other unfunded entitlement programs, they add up to $50 trillion of off-the-books debt.

Mr.Volker spoke well. Intractable is the word.

There's more, but that's enough. We're in a box canyon with a floor of quicksand, and the only exit is blocked by a landslide. Investors who take a business-as-usual attitude are not going to have a nice day.

The Magnifying Effect of Modern Finance

In case that litany of problems isn't enough to get the sweat beading on your forehead, ponder derivatives. While these hybrids have been around for decades, the rocket-shot rise of hedge funds and the advances in financial modeling techniques have spawned something of a competition among the so-called best and brightest to find ever-more-complex ways of skimming pennies from very large piles of money.

The collective result is that our financial system has been wired up to $370 trillion dollars of privately negotiated investment contracts. They're usually written to shift risk from one bank, pension fund, insurance company or brokerage firm to another. And many are linked together in long chains, with each contract providing collateral for the next.

It's all very clever, but layering the enormous size- $370 trillion dollars, far more than the net worth of all the financial institutions in the world - on top of all that complexity is downright scary. In simpler times, a home loan going bad would affect only the particular lender. Enough defaults would put the lender out of business. And that would be the end of it. But today a wave of defaults can send a shock through the portfolios of financial institutions around the globe, including hedge funds, banks and pension funds far removed from the troubled borrowers.

Imagine an electrical circuit with thousands of connections. No one designed it. No one tested it. No one has a diagram for it. It just grew. Now, because of its size and power and pervasiveness, everything depends upon it. So what happens when one of those thousands of connections burns out? No one really knows, but I say it's a circuit you should disconnect from before the world learns the answer.

If you are relying on traditional investments to pad your nest for the future, the problems stalking the world economy should be a matter of serious concern.

Especially given that as bad as we think things are about to get, there remains the potential for things to spin entirely and un-recoverably out of control. That's because so many wildcards are now in play. A war in Iran? New York hit by a freelance nuke? A worldwide panic exodus out of the dollar? Traditional investments would be the first casualty.

The $2 trillion or so loss in stock market valuations during the recent correction is a precursor of what's to come... in a best case. The worse case is... much, much worse.

Gold? What Gold?

Working apart from the investment multitudes, a very small minority of investors over the past few years have been building portfolios of precious metals and Canadian precious metals stocks. It's a minority I'm happy to be a part of, as it allows me peace of mind and the considerable advantage of viewing these crises somewhat dispassionately.

That doesn't mean I'll enjoy standing on the sidelines and watching the impact of a monetary crisis on the lives of the unprepared. Of course not. Yet I would be a fool, having recognized a crisis shaping up, not to take the fairly obvious steps to profit.

Which brings me to the opportunity that the crisis is carrying on its back.

For any number of reasons, but first and foremost its use as money in all the world's cultures, throughout all recorded history, gold has begun to find renewed favor with in-the-know investors as the currency of last resort.

Make no mistake, despite gold's rise from its $255 low in April of 2001 to over $650 as I write, so far, only the thinnest of trickles, a minor fraction of global capital, has made it into gold. When the flight to safety really heats up, the real fun will begin, and the price of gold won't just add dollars, it will add digits.

If that sounds like hyperbole, remember that, unlike the U.S. dollar, which can be created at the speed of light, the available supply of gold is finite and is painfully slow to change.

You can't print gold the way you print paper money. And you can't just build a gold mine the same way you might build a Starbucks almost anywhere and on short notice. Instead, you first have to find a promising ore body - which is, without exaggeration, like finding a needle in a haystack... a haystack buried "somewhere" in the earth's crust.

Then you need to go through the immensely complex and expensive exercise of confirming that the ore body is economically viable. Then, years after you started exploring, you can start the even more time consuming and expensive process of actually building your mine. That entails finding a labor force, bringing in power, roads, mills, etc., etc... with every step hindered by environmentalists waving court injunctions.

The long and short is that there are hardly any gold mines of size scheduled to come on stream... and we are not talking about just over the next year or two, but ever. Most people in the know see annual gold production falling from here on.

For proof, there was news recently out of South Africa, the most world's prolific gold producer. Despite the loud incentive of higher gold prices, South African gold production in 2006 dropped to the lowest level since 1922.

And, above ground, there just isn't much gold to go around either. The U.S. government, for example, possesses the world's largest gold reserves... and those reserves amount to only about $170 billion at today's prices... not even a rounding error on the trillions of dollars in debt the government has guaranteed.

Put simply, the amount of gold available to investors and central banks is like the number of beachfront home sites at Malibu -- it's not going to change much. As a result, when the rush for the lifeboats begins in earnest, the upward pressure on gold will be unimaginable. As will be the profits for anyone who acts now, ahead of the crowd.

And I Feel Fine

If you haven't yet started accumulating precious metals, you still have time. Start by picking up some bullion coins from a reputable dealer (silver should do as well as gold).

Then build a portfolio of the better small companies exploring for new deposits -- the ones with the best management teams, working on the best projects, in the best geology. These stocks are the true profit gems - in part because of an accident of recent history.

During the long bear market that ended in 2001, the large mining companies all but eliminated their exploration departments. Now they urgently need new deposits to restock their declining ore reserves. But rather then scouring the world themselves, the majors let the more agile and entrepreneurial junior explorers - often Canadian firms, due to the resource orientation of that country's economy -- invest the capital and sweat needed to find a new deposit. Then, when a junior company's project seems ripe, the majors compete to buy the deposit or to acquire the junior explorer itself - and they pay up in a most serious way.

Pick your companies right, and you can pay pennies today for shares in a junior exploration company that history has shown again and again will sell, with a little success, for $10, $20 or more when the market gets rocking and investors at large rush into all things gold.

While there's no such thing as a sure thing, there are times - like now - when the deck is heavily, massively, stacked in your favor.

You are, therefore, left with a relatively simple choice. Do nothing and hope that all the world's troubles just drift away -- and risk personal financial disaster if they don't. Or take action, if even with a modest share of your portfolio, and position yourself for extreme profits.

[Editor's note: Doug Casey is the author of the New York Times Best-Seller, Crisis Investing, and Chairman of Casey Research, LLC., publisher of the highly respected International Speculator newsletter, now in its 27th year. International Speculator is the most profitable source of unbiased research on investments with the real potential to double or better in the coming year, with a focus on the best managed junior gold and silver exploration companies. Learn more about a risk-free trial subscription to International Speculator ...by clicking here now.]