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<p>[QUOTE=&quot;fools_gold, post: 788327, member: 20669&quot;]See that&#039;s the thing, people have their own POV and reasons for investing in gold. So really, depending on your outlook of the future, depends on what you do with gold.</p><p><br /></p><p>Honestly, if you think we&#039;re going to have a &quot;mad max 2012 end of the world&quot; scenario, then gold is the last thing you want to be spending any money on.</p><p><br /></p><p>If you really think things are going to get bad (anarchy), then you need to invest in some place in the middle of the forest like a log cabin, plenty of ammo, food, water etc...that&#039;s more important than gold.</p><p><br /></p><p>My absolute only reason for holding on to gold is for pure purchasing power. I believe prices will get higher and higher in all things we do and touch. So all gold/silver will do for me is to help hedge against that as much as possible.</p><p><br /></p><p>The USD is dripping purchasing power, gold (logically) should therefore go up. It would be absolutely illogical for gold prices to go down simultaneously with the USD. If it does in some odd manipulation, then you didn&#039;t lose anything, but if it goes up, while the dollar goes down, you&#039;re doing the best you can fighting inflation.</p><p><br /></p><p><br /></p><p>OT: The average interest you get in checking/savings account is around 0.50%, seriously, that is an absolute joke.[/QUOTE]</p><p><br /></p>

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