It is, and always has been, a universal store of wealth -- since long before the dollar existed.
“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.
The only thing keeping the dollar alive, and the euro, is faith. When that fails, everything falls apart. The liberals, elitists, one-worlders, and the room temperature IQ mouth breathing leech voters have ruined an entire nation........................
I don’t see people carrying bags of gold down the street to pay for things.