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<p>[QUOTE=&quot;doug444, post: 2661773, member: 38849&quot;]True, but that doesn&#039;t mean that a portion of your assets shouldn&#039;t be gold, instead of paper money.&nbsp; Using gold for &quot;currency&quot; means an extension of the fractional reserve system, which has brought us where we are today.&nbsp; There&#039;s insufficient gold existing (or ever mined) to support global commerce.</p><p><br /></p><p>This is what happens:&nbsp; today, the &quot;new&quot; dollar is 4% backed by gold.&nbsp; But in a few years, things begin to go sour, so Congress in its wisdom reduces the backing to 3½%.&nbsp; Repeat.&nbsp; Repeat.&nbsp; And of course, the resulting scenario would be similar to the collapse of the Bretton Woods agreement, c1972.</p><p><br /></p><p>I have <i>no problemo</i> voluntarily trading part of my paper money for gold (or more likely, silver dimes) at today&#039;s prices.&nbsp; </p><p><br /></p><p>You don&#039;t have to look very far to figure out what has happened to various paper money over and over and over and over, during the last 200 years.&nbsp; Furthermore, subsuming the dollar into a basket of currencies, or losing the substantial benefits of the petro-dollar will only accelerate the process.[/QUOTE]</p><p><br /></p>

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