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<p>[QUOTE="coleguy, post: 812806, member: 9167"]I have a question. Ok, a lot of people seem to think they have to hedge their savings against the dollar's decline by buying gold and silver. I understand that part. But, here's where I lose their thought process. They plan on holding onto this gold until such a time arises when the dollar rebounds. But, first of all, the price of gold isn't based on the dollar, so if they buy 1 oz today at $1200 and the dollar rebounds, the price of 1oz of gold will drop to reflect it's stability, and that person may only get say $600 for that oz. So, if they're going to just hold onto gold, because I know of no grocery store or car dealership who take gold bullion, why wouldn't you just hold cash until such a time when it's value buys more? Whats the true advantage to gold, other than gold dealers and so-called brokers get rich off of the hype and scare tactics involved? Just a few thoughts.</p><p>Guy~[/QUOTE]</p><p><br /></p>
[QUOTE="coleguy, post: 812806, member: 9167"]I have a question. Ok, a lot of people seem to think they have to hedge their savings against the dollar's decline by buying gold and silver. I understand that part. But, here's where I lose their thought process. They plan on holding onto this gold until such a time arises when the dollar rebounds. But, first of all, the price of gold isn't based on the dollar, so if they buy 1 oz today at $1200 and the dollar rebounds, the price of 1oz of gold will drop to reflect it's stability, and that person may only get say $600 for that oz. So, if they're going to just hold onto gold, because I know of no grocery store or car dealership who take gold bullion, why wouldn't you just hold cash until such a time when it's value buys more? Whats the true advantage to gold, other than gold dealers and so-called brokers get rich off of the hype and scare tactics involved? Just a few thoughts. Guy~[/QUOTE]
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