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Re: Gold versus inflation


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Posted by Traditional Farmer on May 04, 2014 at 08:28:19 from (67.237.187.86):

In Reply to: Gold versus inflation posted by MarkB_MI on May 04, 2014 at 05:31:12:

If Gold vs The modern US Dollar conjured up in 1913 were a baseball game and each year were an inning since the score started at 20 to 20 because an ounce of Gold sold for $20 now at the end of 100 innnings the score is Gold 1300 to 20
for the Dollar.
The smart money in the world namely the Chinese have been buying Gold like crazy.Countries buy and hold Gold so why not individuals? AND when the US Dollar crashes and burns there'll be many here crying the blues just like after the real estate crash. And they're not making 60-70 Billion ounces of Gold up out of thin air each month like they are Federal Reserve Dollars.What the USA is doing with the currency has been tried over and over before and it always ends the same and it will this time too failure is guaranteed.


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