I don't think the US is going to default on its debt or any part of it. So (please don't flame) the FED has to raise interest rates sooner rather than later to prevent the dollar losing its reserve status. If that happens, gold will take a haircut. Gold is in bubble waters so it is much more than an inflation hedge right now. What ever you do, only put a fraction of your capital in gold as a hedge much like using TIPS.
Author: fupedworld
2
thanx a million,
so when do you think the us dollar is gonna collapse?
who do you think is gonna replace the USD as the world reserve currency?
Author: rung3000
3
The famous line of " It's our dollar, but your problem" is somehow true. The problems with those countries is they peg their currencies with US dollars, therefore it's their problem. There is one way they can fix their dollar problem is to unpeg their currencies.
Author: GoldSilver588
4
See, thats the bigger problem. Our foreign policy has been wrong for 40 years (Just like our fiscal policies). We would have NEVER had a need to be in Afghanistan if we were never involved in the middle east years and years ago. 9/11 wouldn't have happened. They don't hate us because we're "rich (haha, wait a couple more years) and free" they hate us because we are constantly meddling in their countries.
Author: Tyler7692
5
Peter shouldnt try to help you. You are getting the gov you voted for and you smug arrogant bastards are going to get the world you deserve.
Author: golfprobro4eagle
6
Historically it hasn't been a monetary metal.
It isn't as suitable as gold for this purpose, for various reasons. One reason is the ratio of yearly output to the amount above the ground. The lower this ratio is, the more stable the value can be expected to be. I think gold and silver are the two commodities for which this ratio is the lowest, and nothing else comes close.
Author: foolcow1976
7
Because (dream2last) he is not part of the corruption gang.