Article Source: msnbc.com
from:msnbc.comGold prices have extended their rally, climbing to fresh highs even as the dollar recoups some of its losses.
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Kiss the dollar goodbye, folks. It won't be long before we're all speaking Ferenghi...
LMAO at the fools.......and the average person is getting sucked into it as well with all the Media advertising about "Now is the time to buy gold"! The only people making money in Gold are those who had bought a couple of years ago and professional dealers and those who own the gold mines. Now their enticing the Suckers to buy it from them at inflated prices......
Yeah, just walk into a Supermarket and plunk down a gold nugget for payment and see what happens.....
Smart people are accumulating items for Bartering... If the economy gets that bad, Gold will be worthless except for like ancient tribes, nice decorations, but I'll trade you 5 oz of Salt for that basket of Apples..and then your trade the Apples for a Pound of Mutton or Goat or a couple of Potatoes.
Me I would invest in Salt, Pepper, Toilet paper, Ladies Sanitary needs, and start learning about Herbal Remedies and Cures. Then plant a Herb Garden for Medicinal purposes....and get that Vegetable Garden growing and maybe learn how to Raise Rabbits, or Cornish Game hens in your backyard......Forget gold...
Heres a good place to start: Peterson Field Guide, Medicinal Plants and Herbs. The Herb Book by John Lust. Look for books with actual pictures until you become an expert for trying to identify plants from "Line drawings" has made a lot of people sick....
"If the economy gets that bad, Gold will be worthless"
Then why did FDR seize the privately held gold of US citizens, made it illegal for most people to buy, and then place that gold in a vault surrounded by a US Army Tank base.
Gold worthless?
Not likely. Has been as solid as a rock for 5000 years and the downfall of one more empire won't change that fact.
A one ounce coin ($20 face) bought a cow 100 years ago or 200 years ago and still does. A $20 bill buys a couple steaks.
It's a hedge vs the incompetance of the government, nothing more, nothing less.
the dollar is deliberately being devalued by this junta...can you say weimar republic?