It’s funny – anyone who believes in the 5000+ year history of gold as money is called a “gold bug”

Why don’t we call people who base their future on the US dollar “dollar bugs”?

I mean look at the history of fiat currencies – there has NEVER BEEN ONE that HAS NOT FAILED – the average lifespan of a fiat currency is less than 50 years

In contrast, humans have been choosing gold as money for at least 5000 years

Gold NEVER fails – it IS intrinsic wealth – it isn’t a representation of wealth (paper), it IS wealth – there is no debt tied to physical gold and gold isn’t dependent on any government or agency to determine its value

So you dollar bugs keep knocking gold – you’ll be proven wrong just as all fiat currency bugs have been proven wrong in the past

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The stories about “my dad bought gold / silver and lost his ass” amuse me – says to me that your dad is a poor investor – actually just an average investor because that is what average investors do: buy high and sell low – the average investor loses their money over time because they buy high based on greed and sell low based on fear – lots of stories about people losing their ass in stocks but the American ‘investor’ continues to buy and hold them like they were a sure thing

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The trick to investing IMO is to identify secular trends and get on the right side of them – if you hold an investment on the wrong side of a secular trend you will lose your ass – holding precious metals past 1981 was being on the wrong side of a secular trend

The only secular bull market at this time IMO is gold and silver – all other asset classes, especially equities and real estate, are in secular bear trends – the precious metals bull will run until 2015 to 2020 – the real estate and equity bears will run until 2012-2014

Are you on the right side of the current secular trends?