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<p>[QUOTE=&quot;Cloudsweeper99, post: 669683, member: 3011&quot;]This part of your post deserves a bit more of an answer.&nbsp; First of all, there is a lot of evidence that inflation rates are and have been higher than the reported numbers for the past decade or more, ever since the calculation method was changed.&nbsp; Related to that is interest rates.&nbsp; Gold does very well when there are negative real rates of interest.&nbsp; So with real inflation somewhere in the 4% to 10% range [depending on how you measure it and who you believe], and interest rates around 1%, gold becomes the choice for preserving purchasing power.&nbsp; It&#039;s a little bit complicated to see the inflation now because many prices are falling even though the money supply is exploding.&nbsp; But this newly printed money will work its way through the economy in time.&nbsp; </p><p><br /></p><p>And don&#039;t forget that markets are typically forward looking, so higher gold prices now compared to several years ago might just be a forecast of much higher future inflation sparked by the bottomless pit of government spending.</p><p><br /></p><p>If you get your investment advice from the government telling you that all is well, then ignore everything written above and avoid gold in favor of long term bonds. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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