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<p>[QUOTE=&quot;Cloudsweeper99, post: 1605013, member: 3011&quot;]I think your argument is easily refuted.&nbsp; Gold is up more than 6X in price denominated in USD over the past dozen years ago.&nbsp; Are the prices of goods and services up?&nbsp; No.&nbsp; Gold is down about 12% from its high price.&nbsp; Did the price of goods and services drop? NO.&nbsp; Silver rose from $5 to $50 and back down to $25 or so.&nbsp; Did the price of goods and serviced move even remotely in the same direction?&nbsp; No.&nbsp; Gold was about $800 in 1980 and about $250 20 years later.&nbsp; Did prices drop by two thirds between 1980 and 2000? No.&nbsp; </p><p><br /></p><p>I like gold and silver a lot, but all of these fantasy stories about gold giving it mystical properties that it never possessed only confuses and drives away potential investors who don&#039;t like the crackpot logic that seems to go with investing in gold.&nbsp; It will also cause a lot of the true believers to go over the &quot;gold cliff&quot; when it comes, and it will come, just as they did in 1980 and as the tech stock investors did in 2000.&nbsp; It is enough to say that gold was once money and is still a good asset for preserving purchasing power as long as you don&#039;t overpay.&nbsp; That&#039;s enough.[/QUOTE]</p><p><br /></p>

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