[schu]

I would guess this type of article sends the gold bugs off the edge! Gold can be an inflation hedge, it sometimes is a good investment, but most of all gold is a wealth preservation tool.

Compared to paper money gold will retain its value in a crisis, and this is why many buy the shiny stuff and hide it somewhere.

I do not own much and not sure gold works as advertised, but one can see the gold bug's point. In the end IMHO, the government will not allow you to hold gold if/when the fiat currency collapses.

We might just find out, I hope not.

schu

[TexasRepublic]

“In the end IMHO, the government will not allow you to hold gold if/when the fiat currency collapses.”

Only if they know you have it.

[bert]

Some of the world, perhaps much of the world, will revert to the gold standard in the not so distant future. America may not, at least for perhaps several years.

There is not faith in the US$ because there is not faith in America. Everyone knows Obama et al are damn fools. Best be careful with your wealth when damn fools are running America

The world left the gold standard and it was 6 years before Roosevelt relented and took America off as well. there will be a lag to revert as well