Maybe it’s a bubble. Maybe it will be the only currency that survives the economic meltdown. The only thing I do know…
I can’t eat gold. [/quote]
You can’t eat fiat paper either, but I bet you have tried to accumulate as much of that as possible in your life, haven’t you? 😉
Why does everyone think the choice is either between gold and food? Or gold and gas? Or gold and water? Or gold and a home? People, get your heads out of the sand: you need food, gas, water, a home AND gold. Gold is simply the asset class that you should add to your portfolio to REPLACE the dollar – not to replace the necessities in your life.
And you think gold is heavily manipulated? What do you think the TPTB have been doing to the dollar for the past 30+ years? It has been manipulated to appear strong when it is weak at its core. As Concho said, everything in our life is manipulated by the madmen who run the planet. We have been in their crosshairs all our lives. And maybe we won’t be nimble enough to escape what’s coming because we’re just tiny ants scattering before a size 10 shoe comes slamming down upon us.
But all I know is this: if I am to have any chance in hell of scurrying away to safety, I will need all of the things you mentioned above, UC Girl. And I will also need gold. Because when inflation sets in with a vengeance, how do you expect to buy the food you value so much if your dollars are so devalued? Best to have something meaningful to being to a dealer to exchange for the fifty fiat dollars that you will need to buy a loaf of bread.
And that’s all I have to say about that (my best Forrest Gump voice)
