Indeendent

Next Stop: $2,000 Gold

Whether one is a "gold bug" or an ignorant optimist does not matter. There is no single solution to investing, including the "by-and-hold" approach invented for the largely uneducated majority. There is little doubt that the US is in the midst of a financial crisis with a quickly deflating currency. Gold, inter alia, is one of the means to hedge against such a storm. But, eventually, it is not the tool what matters, it is the skill of those who use it. However, "the long-term value of any paper currency is zero." The same cannot be said about gold.