chux08

Gold Price Plunges: Might as Well Hold Stocks

"gold is behaving just like the speculative commodity it is."

That's this author's problem....gold, he thinks, is a commodity. That is UN-TRUE and a big mistake for gold (and silver to a lesser degree) is REAL MONEY. The rest of the world knows this but only in America is gold's role as the only true store of value/wealth distorted into something different. Well, they try that to a certain extent with manipulating markets etc but guess what ALWAYS comes back to it's true value, unlike those paper FRN's??
Gold as a bet against the establishment or even as a hedge against unstable times and economies? OF COURSE it is, that's what scares the powers that be about gold and silver the most, the once and future form of REAL MONEY. There will be no other way no matter what your convoluted definition of wealth may be today. Those that forgot or ignore history do so at their own peril. Gold and silver have thousands of years of history and use and their day is about to shine again. Hope you have some...