re: "You read the article I posted, I trust it"
As I've said for some time, gold is no longer cheap. That reason for buying it no longer exists. (But don't confuse this with the "oversold" condition I reported in an earlier post.)
HOWEVER, there is another reason to buy it - which is that the printing of paper currencies is now out of control and is not going to end. It will accelerate.
You seem to have forgotten that...
A while ago, you said something about baked beans being as good an investment as gold. You'd are 100% correct. But good luck buying baked beans in the kind of quantities you'd need to preserve your wealth, and then storing and preserving them. Baked beans are NOT a store of value and never will be. Sorry.
The decent stores of value I can think of are PM, farmable land w/ water, certain businesses, oil and gas wells, ammunition . . . and not much else. Since there are some advantages paper money has over any of these, I recommend also holding a variety of currencies. They're all destined for collapse, but they won't all collapse at the same time.
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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