Remember when certain political figures were promoting the 'gold standard' and selling
gold as an investment?

Gold Funds See Unprecedented 31% Slump

Quoted Text

Investors are dumping gold-backed exchange-traded products at the fastest pace since the
securities were created a decade ago, mirroring the steepest price drop in 32 years.

"All the bullish factors we had pushing gold higher in the last 12 years are now going into reverse,
" said Robin Bhar, a London-based analyst at Societe Generale SA who's ranked by Bloomberg as
the most-accurate precious-metals forecaster over the past eight quarters. "There will be more
ETF selling in 2014 as the price goes lower."

Yahoo Finance

1 Bitcoin = $670.00

it's all fun and games until bartering becomes virtual and under someone else's control....

ie: central bank.....ain't helping you or I.......

Quoted from Box A Rox

Remember when certain political figures were promoting the 'gold standard' and selling
gold as an investment?

No, who said that?  I remember the gold standard, not investment.

Quoted from CICERO

No, who said that?  I remember the gold standard, not investment.

The Sobbing Wing Nut who was so bad, that even FoxSnooze fired him!

http://www.youtube.com/watch?v=vkF-RjNLVw4

I remember other political figures telling us the market was strong a month before it crashed, did people run out to protect their savings in fiat currencies, the answer is no they went for commodities in the metal market and that will never change, its been the same way for thousands of years. Some people used it to invest and many made a killing doing so, others wanted protection and they got it. No fiat currency has ever survived since its creation, the dollar is no different and will eventually devalue itself into oblivion, that is a fact.

What they fail to mention also is gold last low which was around $330 around 2001, today it is down from its high but also around $1200 today, not to shabby, so even with a 30% drop it is still trading at a amazing rate, now look at the purchasing power of the dollar which has been on a continuous downslide since the 1930's.

Gold is at $1242 as of now, right around my Dec 18 post. I still remember when so called economist were saying gold has peaked at $400-500. It could still drop and I'm sure it will but I don't see it hitting the $3-400 mark ever again, even though I would love to see $300 gold and $3 silver once more in my lifetime.

Gold is a good hedge.

Why?....... in case there is a real catastrophic financial disaster, when paper becomes worthless, the gold in your possession will still be worth 'something'.

Diversify is the key!

Don't put all gold or anything else in 'one basket'!

Those on the Titanic who jumped overboard with gold, sunk.
Those with cash, not so much!

Quoted Text

The U.S. dollar is the fiat currency most used in international transactions and is one of
the world's most dominant reserve currencies.  Several countries use it as their official
currency, and in many others it is the de facto currency.   It is also used as the sole
currency in two British Overseas Territories.

Quoted from Box A Rox

The U.S. dollar is the fiat currency most used in international transactions and is one of
the world's most dominant reserve currencies.  Several countries use it as their official
currency, and in many others it is the de facto currency.   It is also used as the sole
currency in two British Overseas Territories.

Gold is a universal currency that is accepted in every country on earth, even countries that seen currency collapses like Zimbabwe shifted to gold not dollars during their collapse, that's because it is widely recognized as a secure source of wealth. As the saying goes gold has never been worth zero.

Quoted from Henry

Gold is a universal currency that is accepted in every country on earth, even countries that seen currency collapses like Zimbabwe shifted to gold not dollars during their collapse, that's because it is widely recognized as a secure source of wealth. As the saying goes gold has never been worth zero.

You do know that there is a 'fee' for using gold in most countries!

Quoted from Box A Rox

You do know that there is a 'fee' for using gold in most countries!

On simple transactions between two people no fee can or will be collected, go through government means and that may differ. Of course governments don't like competitions to their currencies and strongly advice against it. It will never stop people from doing so.