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<p>[QUOTE=&quot;Morgan1878, post: 739357, member: 17869&quot;]</p><p><br /></p><p>You seem content being a goldbug. Although I&#039;ve liked gold on and off for over 25 years, its attractiveness to me is a function of how I think it may behave under certain market conditions. I have worshipped at many investment altars, gold has been one of them.</p><p><br /></p><p>&nbsp; </p><p><br /></p><p>It has been said that we have lost about 95% of the value of the dollar since FDR. In spite of that, I do not wish to re-visit the standard of living and technology that existed at that time.</p><p><br /></p><p><br /></p><p><br /></p><p>In my example, I stated that &quot;We are of course disregarding exchange rates in this discussion.&quot; </p><p><br /></p><p>My comment was that a dollar had more purchasing power in America for the same items that you would buy for a Euro in Europe. Part of the reason we can buy more for our buck is that we are not subsidizing social services (health, pensions, etc.) as much as the average European. Overall, their taxes are higher. </p><p><br /></p><p><br /></p><p><br /></p><p>I think $2000 by the end of 2010 is a stretch. I&#039;ll agree that its had a good run lately (4 all-time highs in the last 6 sessions), and I&#039;m pleased because I have a meaningful position... but not even the Yankees win every game. I agree that the overall trend is up for next year.[/QUOTE]</p><p><br /></p>

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