JohnL

Gold as a Truly Last Resort

"Gold was money for most of recorded history. That hasn't been the case for a while now and people are a lot more sophisticated than they used to be."

Dave W, you're right; people are a lot more sophisticated today. Many of them found employment at Countrywide, Bear Stearns, Lehman, WaMu, AIG, Merrill, Citi, Moodys, the Fed, Treasury, etc. With all of that incredible intellect running around loose, I think I'll hold onto my gold. It may just become money again.