huskerbob

Why Oil and Gold Are Headed Much Higher

Yipes! Killing millions of people and throwing money away on bombs and bullets will not lift us out of a recession. In case you forgot, we are fighting multiple wars all over the world and here in the "homeland". The war in Iraq, the war in Afghanistan, the war on Terror, the war on Drugs, the war against the Constitution, etc.
Billions and billions are poured into these wars every day. So far, not helping America one bit.
What helped from WW2 was a lot of GI's coming home ready to make families, buy cars, dinette sets, lawn mowers, go to the movies, etc. The money spent for destructive purposes (beyond wages) really didn't do much for the economy. Like the pallets of money flown to Iraq. How will that help America?

Why Oil and Gold Are Headed Much Higher

There are a lot of comments which tie the need to own gold with an apocalyptic situation, the breakdown of society, etc. Things needn't be so grim to benefit from owning gold.
The price went up during the deflation of the 30's, and the price will go up in the future for one reason. Gold is a store of value, and has been for thousands of years. Gold looks attractive relative to currencies and equities, due to massive fraud, manipulations, and various market interventions which confuse the markets.
I hope you don't believe that the dollar will continue getting stronger in the years to come! How will we service our trillions in debt? When we default, you would do well to own some gold!
Own some equities(some great deals out there now!), some cash, and some gold. You don't need to be able to exchange gold for goods directly. Someone will always be willing to pay cash for gold. The appeal lies in the idea that an ounce of gold will buy roughly the same amount of goods at any point in time, while the amount of cash needed varies greatly. And with a few small hiccups, the amount of cash needed to buy goods and services has always gone up.
You can't count on the dollar, you can't count on the markets, you can't count on your government, but gold will always be worth something.