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<p>[QUOTE=&quot;Cloudsweeper99, post: 680830, member: 3011&quot;]I&#039;ve never called Federal Reserve Notes &quot;worthless paper.&quot;&nbsp; They have value when received that is completely fair compared to the labor or goods given in exchange for them.&nbsp; My problem with them is that they are not a good store of value, and become less valuable [not worthless] as time goes on under an expanding fiat currency system.&nbsp; Hence the need for people to invest in things that include gold and silver, because simply saving is a loser&#039;s game with a fiat currency.</p><p><br /></p><p>I also completely agree that those who fail to learn from history are doomed to repeat it.&nbsp; Gold was about $22 per ounce at one time, and now it is $900+.&nbsp; It is highly probable that it will be much higher in the future.&nbsp; The dollar has lost 90%+ of it&#039;s purchasing power since 1913.&nbsp; History teaches that this trend is likely to continue because the same conditions are in effect.&nbsp; Yes, history is very very important.</p><p><br /></p><p>You are correct that gold is not everywhere at everytime a good investment.&nbsp; I am not a goldbug.&nbsp; Someday it will be the right time to sell my bullion and just keep the numismatic coins that will never be for sale.&nbsp; I expect the hype around gold and silver to reach the same level that it was in 1979-80 and become similar to the excitement over internet stocks at the beginning of the year 2000.&nbsp; We aren&#039;t there yet.[/QUOTE]</p><p><br /></p>

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