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<p>[QUOTE="fools_gold, post: 775107, member: 20669"]Agreed!</p><p><br /></p><p>I'm a perfect example, I jumped into PM's just about 4 months ago, so I never saw gold/silver at incredibly low prices. So my weak US dollars are doing the best they can now to get some gold/silver. Down the road I can only imagine how much weaker the USD will be as a whole, not just compared to gold, but to other commodities.</p><p><br /></p><p>If the endless printing of our money, and endless debt doesn't weaken the greenback, then I don't know what to say. It is magical, it can defy all economic rules. With that said, I don't think it is magical.</p><p><br /></p><p>It's funny, I did bring up investing in gold at a recent Xmas party and the consensus from what people were saying was, "Yeah, I hear you should invest in gold..."</p><p><br /></p><p>And it ends right about there. Not a single person actually went ahead and bought the damn metal!</p><p><br /></p><p>Peter Schiff even mentioned it recently, when he makes his weekly hits on CNBC, Fox etc etc....the same anchors that invite him on the show, he routinely would ask them, "Did you get any gold yet?" And they still haven't.....</p><p><br /></p><p>Sometimes it makes me revisit my approach to gold/silver. But I just can't let go of the fundamentals, more money printing=weaker. </p><p><br /></p><p>How can it be anything but?[/QUOTE]</p><p><br /></p>
[QUOTE="fools_gold, post: 775107, member: 20669"]Agreed! I'm a perfect example, I jumped into PM's just about 4 months ago, so I never saw gold/silver at incredibly low prices. So my weak US dollars are doing the best they can now to get some gold/silver. Down the road I can only imagine how much weaker the USD will be as a whole, not just compared to gold, but to other commodities. If the endless printing of our money, and endless debt doesn't weaken the greenback, then I don't know what to say. It is magical, it can defy all economic rules. With that said, I don't think it is magical. It's funny, I did bring up investing in gold at a recent Xmas party and the consensus from what people were saying was, "Yeah, I hear you should invest in gold..." And it ends right about there. Not a single person actually went ahead and bought the damn metal! Peter Schiff even mentioned it recently, when he makes his weekly hits on CNBC, Fox etc etc....the same anchors that invite him on the show, he routinely would ask them, "Did you get any gold yet?" And they still haven't..... Sometimes it makes me revisit my approach to gold/silver. But I just can't let go of the fundamentals, more money printing=weaker. How can it be anything but?[/QUOTE]
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