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<p>[QUOTE=&quot;Doc J, post: 1240223, member: 29599&quot;]I agree with Ben that gold is not money.&nbsp; &quot;Money&quot; is the recognized legal tender for transfer of goods and services. It is a &quot;poor&quot; storage of value (I also do not trust the Fed any further than I could toss them).&nbsp; </p><p><br /></p><p>I can withdraw $1666 from my checking account and go to the grocery store and buy food.&nbsp; I can fill-up my tank full with gas. I can take my wife out for a nice dinner.&nbsp; I can buy ammo.&nbsp; I can buy Morgan dollars.&nbsp; But I can&#039;t to that with an ounce of gold. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>Gold is a &quot;storage of value&quot;.&nbsp; So are income yielding investments: Rentable housing, bonds, stocks that pay dividends, stock that reap capital gains...</p><p><br /></p><p>I don&#039;t have a clue as the direction of any investment (including all precious metals).&nbsp; I have found predicting the direction of any investment, in any short term time period, to be a futile exercise.&nbsp; </p><p><br /></p><p>I do own physical gold (and some silver).&nbsp; I own Barrick Gold and Newmont (both produce gold and pay a cash dividend).&nbsp; I hope the price goes up. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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