hardnchewy

Is Gold As a Safe Haven Just a Myth?

Comments like JasonC's underlie the primary reason intelligent people should own some gold: 6,000 years of human civilization can't be wrong when it comes to gold ownership. Are we any different today than during Roman times? Gold does not appreciate. Rather, it remains a constant of stability relative to fiat money, which, by the way, has never failed to collapse in the history of civilization. The dollar, too, is already following this ruinous path. Shy away from gold at your own peril.

Roger Wiegand: The Biggest Gold, Silver Rally in History

Unless "jcrash" has lived under a rock atop a toxic waste site the past few years, a simple check across the country should reveal most real estate has indeed nearly, if not easily, doubled in value over the time period mentioned. I bought my home in early '03 for $160k, and my tax assessment in mid '07 was a sliver under $300k; I'm sure I could've sold it for $320k minimum, judging by the four comparables in my neighborhood at the time. Further, unless you make a habit of buying into our government's rhetorically massaged economic data (inflation, for instance), you might be interested in knowing what Washington is estimating the foreclosure carnage will be. According to the Joint Economic Committee of Congress a few weeks ago, it estimates that at a minimum, 2 million foreclosures will take place by year-end 2008. In my experience, doubling that figure may end up being closer to the mark. Don't discount Wiegand's reasoning just yet. Too much stands to go wrong in this fragile economy to claim the worst is almost over.