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How the Gold Game Could End

one more comment, there are applications for gold in chips for example . It does provide utility, durability, and beauty...

How the Gold Game Could End

there were times in history where the dollar was backed by gold. During that period, inflation was kept at bay. The risk for paper money is we can print a lot of it....

gold is a store of value, paper currencies are an IOU's...

many parts of the world, india/middle-east..., value gold. It is cultural, but it has been around for thousands of years!

The article is short sighted in my opinion.

Why Our Credit Crunch Mirrors the Weimar Hyperinflation from 1919-1923

"transfer of wealth"

I think it is a wealth transfer when the taxpayer is covering the losses.

What's Going to Replace the Dollar?

thank you paul!

A good entry point for a long term Gold Bull may be around 700. I am waiting to pick up GDX when that happens...

What's Going to Replace the Dollar?

very interesting article, there seems to be logic in it. The Fed is printing money, the gov. stimulus etc.. yields the expected declinew in the value of the currency.

There are countering arguments, from articles I recently read, that describe a deflation cycle, not hyper-inflation as is suggested. The logic there, the loss in asset values such as stocks & bonds, homes, commodities have effectively reduced the money supply but a much larger amount than what's being introduced by the Fed. The Fed is fighting deflation and not expecting hyper-inflation as a result.

Anyone cares to explain which side of the story makes the most sense?

If you do jump on the gold bandwagon, deflation would kill that investment. If you hold the dollar too, the dollar gains in value in deflationary environments. Please comment, like to figure out which end is which! :-)