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<p>[QUOTE=&quot;paland, post: 282669, member: 10011&quot;]It&#039;s not so much that the gold is going up, but rather that the dollar is going down. The price of metals is more steady in other currencies. The rise in gold and silver prices is due to the drop in the value of the dollar. You&#039;re not going to get rich by buying gold, but rather it is a hedge against inflation. 1/10th of an ounce of gold will buy you the same thing next year as it did 60 years ago. But 20 dollars in two to three years will only get you 65-75% of what it does now. </p><p>&nbsp;</p><p>I was amazed at the supermarket today when I saw ground beef at $4.99 (OK, I just haven&#039;t been food shopping lately) And gas, wait until spring next year when gas should spike to $4.50 a gallon (basing on the price of oil today,the drop of production out of Ghawar in Saudi Arabia, and the tailspin of Cantarell in Mexico)</p><p>&nbsp;</p><p>Clembo, I normally can&#039;t afford all that with my meager government salary. I got it because I have won over $6,000 in poker tournaments at Full Tilt Poker in the last two months. (This can be seen with my logon name &#039;paland&quot; at <a href="http://www.officialpokerrankings.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.officialpokerrankings.com/" rel="nofollow">http://www.officialpokerrankings.com/</a> </p><p>&nbsp;</p><p>I have just been hot lately and since I am a paranoid, middle aged man, I am spending those winnings on coins and bullion.[/QUOTE]</p><p><br /></p>

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