The inflation adjusted price of gold is actually north of $3500, not $2000 using a constant methodology of inflation claculation, not the bogus CPI numbers. Sivler "should" be north of $70--but who knows when.
Gold - Not the Safe Haven People Think it Is [View article]
The US dollars value is purely psychological, and only accepted as valuable because it is backstopped by the "full faith and credit of the US Government." In short, the ability of our government to tax and borrow.
Every paper currency ever created has reverted to its intrinsic value given enough time.
Gold has had value in every society ever discovered, from tribes in the Amazon, the Egytians, the Macedonians, Greeks, Romans, and Byzantines. Gold has 10,000 years of history as a store of value.
To say golds value is purely irrational and psychological begs the question: compared to what?
The Rise of the Silver Surfer [View article]
I like SLW for a ten bagger over ten years.
Gold - Not the Safe Haven People Think it Is [View article]
Every paper currency ever created has reverted to its intrinsic value given enough time.
Gold has had value in every society ever discovered, from tribes in the Amazon, the Egytians, the Macedonians, Greeks, Romans, and Byzantines. Gold has 10,000 years of history as a store of value.
To say golds value is purely irrational and psychological begs the question: compared to what?