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<p>[QUOTE=&quot;JoeSmith, post: 574224, member: 18021&quot;]<b>How low can gold go?</b></p><p><br /></p><p><br /></p><p><br /></p><p>Under Communism my ex-wife and her husband had 2 cars, and they vacationed every year at the black sea.&nbsp; After the end of communism they had the situation I described.&nbsp; We had several russian friends, and they all said that if there were to be free elections, the communists would win big.&nbsp; They had a real decline.&nbsp; I know another russian who waited in line for 3 hours to buy 10 eggs.&nbsp; Food was cheap, but there wasn&#039;t any.&nbsp; They couldn&#039;t have a farmers market, because people (with guns) would come around and want money from the vendors.&nbsp; Russia had gun control.</p><p><br /></p><p>I don&#039;t &quot;choose&quot; to believe anything, I just try to analyze the facts.&nbsp; The dollar has lost 95% of its value since 1960.&nbsp; It only has value if someone is willing to sell you something.&nbsp; With the shortages of everything in Russia, no one was willing to sell anything, unless an obscene profit was to be had.</p><p><br /></p><p>Another thing about Russians, at least in 1999 - 2000.&nbsp; They saw no value in saving money.&nbsp; They got used to not being able to buy anything, so why save money?</p><p><br /></p><p>So the way it could play out is we have shortages, everyone has money, but no one is willing to sell anything for money because money can&#039;t buy anything, and everyone has plenty of money.&nbsp; That&#039;s how I see gold and silver regaining their rightful place as money.&nbsp; Personally, I hope gold goes down to $500.&nbsp; That will mean our dollar is good.&nbsp; I just don&#039;t see it happening.[/QUOTE]</p><p><br /></p>

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