[quesney]

“It is, and always has been, a universal store of wealth — since long before the dollar existed.”

Gold has effectively replaced the dollar as a safe-haven store of value. I think that’s beyond arguing at this point.

There’s every possibility the US will turn sane after the 2012 elections, but I’m not counting on it. The problem isn’t just Obama - it’s the devolving electorate that voted him into office.

[Integrityrocks]

Devolving electorate...... perfect analysis! That truly is the bottom line problem.

[the invisib1e hand]

Gold has effectively replaced the dollar as a safe-haven store of value. I think that’s beyond arguing at this point.

Nope. Not splitting hairs but if gold did that, it'd be north of, oh, $20,000 an ounce. probably way north.

[pieceofthepuzzle]

“There’s every possibility the US will turn sane after the 2012 elections, but I’m not counting on it. The problem isn’t just Obama - it’s the devolving electorate that voted him into office.”

Exactly.

[OldNewYork]

“There’s every possibility the US will turn sane after the 2012 elections, but I’m not counting on it. The problem isn’t just Obama - it’s the devolving electorate that voted him into office.”

I vote for this as the winning response in this thread. It merits repeating at the least.

[Ernie Kaputnik]

...devolving electorate.

Very nice. Never heard that description before, but I believe it’s accurate.

[2harddrive]

You are both right. Right now in America, evolution is working in REVERSE. DEVOLUTION. It is biological entropy - going from order to chaos.