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<p>[QUOTE=&quot;InfleXion, post: 4357153, member: 29012&quot;]You&#039;re right that stocks do best over time, at least nominally. During currency debasement that doesn&#039;t necessarily equate to more value though.</p><p><br /></p><p>I think gold has done well over time though. I&#039;ve often heard that in ancient Rome an ounce of gold would buy a nice toga, whereas today it will buy a nice suit. Since the dotcom bubble crash in 2000 gold has been about on par with stocks which is impressive for a non-productive asset, and mainly illustrates the loss of buying power in the USD since then. Gold simply preserves your buying power. One hopes that stocks will grow that, but with so much leverage it remains to be seen what the real value there is.</p><p><br /></p><p>I don&#039;t view gold or silver as an investment. They are money by US Coinage Act definition. The FRN as fiat currency is the investment we are all holding due to wage earnings and tax requirements. Whether one prefers precious metals, stocks, or whatever, holding cash longterm is certainly the worst play even though having cash in a downturn is definitely good to have so you can buy on the cheap.[/QUOTE]</p><p><br /></p>

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