Don't listen to their words, watch what they do. Gold is Important

I can't figure out what you are talking about, but in historic times there are plenty of examples. The British Guinea, the first machine struck gold coin, equaled 20 shillings, and the value of a shilling was set to the worth of a cow in Kent or sheep elsewhere. Hence if you were in Kent from the 1600s to the early 1800s your gold coin would get you 20 cows. Note that during this period, when asset currencies were in use, there was no inflation. I would assume that 20 cows in those days represented a considerable amount of wealth.

 

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I know that I was trying to be sarcastic which doesn't work online lol. With the multiple trade agreements that countries are making to stop using the dollar i.e. not only dealing with Iran but China and Japan now trading in their respective currencies and not dollars as are other countries. The writing is on the wall for the dollar as the rest of the world is losing confidence in the fiat. I expect that the dollar will strengthen a little bit as the Euro crisis deepens but just delaying the failure of the dollar a little bit. Although if this does occur it should be a good time to buy physical gold/silver temporarily, well at least I hope this occurs. It will be really interesting to see what happens in June when the Pan Asian gold exchange opens and we get to see what occurs with the gold price in a real market actually fully backed with precious metal vs. the sham markets in New York and London.