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<p>[QUOTE=&quot;panamagold, post: 735043, member: 20839&quot;]This is a good question, a question I&#039;ve been asking myself for the last 3 months.&nbsp; You may be seeing a profit taking phase.&nbsp; Also, people know when the economy improves, chances are gold will go down in price because gold is typically purchased/hoarded during times of economic uncertainty.</p><p><br /></p><p>I&#039;ve recently taken an interest because I&#039;m concerned with the potential of inflation.&nbsp; The U.S. is printing money at an unprecedented rate and interest rates are at all time lows.&nbsp; Paper money is &quot;cheap&quot; and the U.S. isn&#039;t doing much to strengthen it.</p><p><br /></p><p>The other issue that really got my attention was talk of switching from U.S. dollars to a <a href="http://georgewashington2.blogspot.com/2009/10/will-basket-of-currencies-replace.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://georgewashington2.blogspot.com/2009/10/will-basket-of-currencies-replace.html" rel="nofollow">basket of currencies</a></p><p><br /></p><p><a href="http://www.forexpros.com/news/forex-news/q+a---any-switch-to-non-dollar-oil-remains-distant-98801" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.forexpros.com/news/forex-news/q+a---any-switch-to-non-dollar-oil-remains-distant-98801" rel="nofollow">Here is a view saying it&#039;s not likely</a></p><p><br /></p><p>The other item had to do with the <a href="http://www.creditwritedowns.com/2009/09/the-fdic-acknowledges-it-is-to-run-out-of-money.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.creditwritedowns.com/2009/09/the-fdic-acknowledges-it-is-to-run-out-of-money.html" rel="nofollow">FDIC running out of money</a></p><p><br /></p><p>The current economic rebound has me perplexed, and I may have just found another way to lose money in coins <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />&nbsp; However, I&#039;m still of the mindset gold will go up due to these and other economic factors.&nbsp; U.S. fiat still isn&#039;t out of the woods.</p><p><br /></p><p>Regarding &quot;making&quot; money give this some thought.&nbsp; Lets say you purchased a stock 20 years ago for $100.00 and today you sold it for $200.00.</p><p><br /></p><p>The government will say you realized a gain of $100.00 on that stock sale (capital gains) and tax you at 15% leaving you with $85.00 and a grand total of $185.00.</p><p><br /></p><p>Did you just make $85.00?&nbsp; Take a look at this <a href="http://www.halfhill.com/inflation.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.halfhill.com/inflation.html" rel="nofollow">inflation calculator</a></p><p><br /></p><p>In any event, what makes gold appealing is the fact that over 1000&#039;s of years, it&#039;s really the only &quot;money&quot; that has maintained good relative purchasing power.[/QUOTE]</p><p><br /></p>

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