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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

Just A Weak Dollar Should Not Prompt You To Rush For Gold...

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GMForsythe
New Member
United States
4 Posts
 Posted 12/19/2010  2:50 pm  Show Profile   Bookmark this reply Add GMForsythe to your friends list Get a Link to this Reply
Back in 1917 or so, you could buy a good quality man's suit for $8. Gold sold for $17/oz. That means 42% of an ounce of gold bought a man's suit. Today gold is going for something like $1380/oz. 42% of that is $579.60. Guess what? I can buy a nice man's suit for that price?

Want to go back further? Go back to Roman times when an ounce of gold bought a nice toga, a belt, and a good pair of sandals.

Think of gold not as an investment, but as a preserver of wealth.

Paper money ALWAYS fails. Ever hear about the government having to bail out gold (or silver)? Ever hear of either of them being worth zero? Even real estate crashes worse than Precious Metals over time. Ever hear of Beranke printing (or not printing, depending which month his lying mouth is moving) gold or silver? Politicians HATE PM's because they can't be created out of thin air as the Fed admits that it does.

Keep stacking!
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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum



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