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<p>[QUOTE=&quot;desertgem, post: 813704, member: 15199&quot;]Welcome to the Forum!</p><p><br /></p><p>I see this statement often, and although at first glance , I might agree with the concept,&nbsp; I don&#039;t see how one benefits from going to gold. For example, lets say that the price of gold is 1200 USD when you buy an ounce, and the dollar devalues so that in 6 months as example, the price of gold is 1800 USD. SO how do you claim the underlying &quot;increase&quot; in value? If you sell for 1800USD, you receive the devalued dollars and inflation may have kept up with it, so when you buy 6 qts of oil, it may have also increase by an equal %, so you are still even, and you have taken a chance that the price of gold might go down because of difficulties with the Gold funds. You have noticed that gold , rather than acting in opposing direction to the stock market, has been more like following it. Sell your gold for Euros, Pesos, Loonies?</p><p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">Some gold as investment seems appropriate at a 10% or so level, but expecting it to protect against inflation or monetary devaluation is questionable to me.&nbsp; A couple of months ago, many on this forum were praying for a dip so they could buy more gold and silver. It has dipped, and I really don&#039;t see many posts that a member has bought more due to the dip, and I understand, they might be worried it will dip further, and maybe some are already&nbsp; under water because they jumped in after gold broke upward from 1050. </span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">Jim</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>

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