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<p>[QUOTE=&quot;krav83, post: 373754, member: 12441&quot;]Anyway you look at gold is a commodity and always will always be valuable as &quot;money&quot;. Changes occur in price but it will always continue to rise in value. This is for a multitude of reasons. One is our fiat currency isn&#039;t directly tied to any fixed ratio of gold or hard money by the federal reserve. Therefore the buying power of the dollar will change, reflecting the amount that is issued as credit by the banks. This in turn changes the amount of dollars it takes to buy gold and other commodities. Hence the buying power of the dollar changes, while commodities continue to rise. This is a result of the federal reserve actively debassing the dollar and printing so much they are throwing it out of helicopters. They also feel the need to bail out there buddies on wall street like Bear Sterns with government bonds ie: creating more money by creating debt. The American people have no say in these decisions and its destroying our economy. Companies went out of business all throughout our American history, and better companies emerged stronger as a result.&nbsp; </p><p><br /></p><p>So as long this active practice of destroying the value of the American dollar continues, the dollar will continue to get weaker and gold will stay the same, which is up. </p><p><br /></p><p>The days of 700$ an ounce gold are over. In 1964 a silver quarter could buy you one gallon of gas, right about 25 cents for a gallon of gas. SO take that same silver quarter today, if you didn&#039;t spend it in 1964, it contains 0.18084 oz. of pure silver. Today 5/16/08 silver is trading at a little under 17.00$ an oz. say 16.95$. So for melt that quarter is worth about 3.07 cents. Thats pretty close to what a gallon of gas is worth today, without gas taxes. See so the price of commodities stays relatively constant. Its the dollar that isn&#039;t tied to any real hard money, such as strict reserve ratios or a standard, and experiences huge inflations as a result of the federal reserve. The buying power of your hard earned saving is robbed through inflation, if you keep it all in dollars that is.[/QUOTE]</p><p><br /></p>

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