jt

Is Gold an Effective Hedge Against the Dollar?

Dan...methinks you give way too much weight to a two-sentence philosophy with none of its labels defined.

"Elitist aristocracy" by definition will remain "elitist" generally b/c it has to do with heredity...family...an... that doesn't change with change of currency...they may become richer or poorer, but they remain the "elite."

And "peasant"--who the heck is / was that? What's the definition? Perhaps it's any "poor" Frenchman/woman (how poor is that)? Perhaps it's simply someone not born "elite?" Perhaps it's someone of variable means who chooses to live a relatively "simple" life (as opposed to the lifestyle of the "elite")? Or perhaps the peasant remained a peasant b/c s/he had gold, and didn't end up in the poorhouse or a raggamuffin on the street.

Regardless...thru all ages...sooner or later gold and silver have been real money that can buy at the least the necessities of life...no worse. And BTW...I applaud your buying of silver...if I were you, I'd continue to collect silver rather than gold (though nothing wrong with having some gold, too)...and I can say that I would b/c I am...:) jt