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<p>[QUOTE=&quot;WingedLiberty, post: 1029584, member: 26030&quot;]<p style="text-align: left"><span style="color: #000000">Many so called &quot;experts&quot; miss the point on gold.&nbsp; Gold does not pretend to be an industrial metal at all -- it&#039;s another currency -- like the swiss franc or the euro.&nbsp; Except one that cannot be &quot;devalued&quot; by printing.&nbsp; So when nations devalue their currency, gold measured in value against that currency goes up.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">In other words what gold really is ... is a measure of how much the dollar has devalued.&nbsp; So when you hear that gold has gone up 5% ... you should think of it as the dollar lost 5% of it&#039;s value.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">Just to give you an idea of how much the US Dollar has devalued in the past 45 years ... </span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left">In 1965, the Average Cost of new house&nbsp; was $13,600.00&nbsp; &nbsp; and Gold was $36 an oz.</p> <p style="text-align: left"><br /></p> <p style="text-align: left">In 2010, the Average Cost of new house&nbsp; is $232,880.00&nbsp;&nbsp; and Gold is $1390 an oz&nbsp; </p> <p style="text-align: left"><br /></p> <p style="text-align: left">It&#039;s clear the dollar&#039;s value has fallen a tremendous amt.</p> <p style="text-align: left"><br /></p> <p style="text-align: left">People buy gold to protect themselves from the devaluation of paper currency (that can be printed as easily as newspaper)</p> <p style="text-align: left"><br /></p> <p style="text-align: left"><br /></p> <p style="text-align: left"><br /></p><p>[/QUOTE]</p><p><br /></p>

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