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<p>[QUOTE=&quot;giorgio11, post: 1444317, member: 17094&quot;]I have been saying for years now that gold is not merely a safe-haven play (which it is not; the recent correction has been painful, yet an extremely healthy consolidation of an asset that has been up every year for the last dozen). It not merely &quot;risk-on, risk-off&quot; as all the parrots on the financial media keep saying. In point of fact, <b>gold is functioning as an alternative currency. </b>The dollar is merely, as the world&#039;s reserve currency (so far), the best of a bad lot compared to the euro or other paper currencies. </p><p><br /></p><p>Think for yourself, don&#039;t just &quot;like&quot; this (had to say that on a day when Bookface goes public). Don&#039;t bet the farm on anything (or the house -- that&#039;s how a lot of Americans got into trouble in the last few years). Pay down your debt starting with the highest-interest loans first, then dollar-cost-average into <b>real assets. </b>Someday you will be glad you did. Good luck and watch out for the fiscal cliff.</p><p><br /></p><p>Best Regards,</p><p><br /></p><p>George[/QUOTE]</p><p><br /></p>

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