Ted, if you think anything I've stated is incorrect, don't beat around the bush. I've tried to stick to easily verifiable facts: London gold prices, the S&P 500 and the Consumer Price Index. Without any specifics, your complaint sounds like sour grapes. I'm sorry if reality doesn't want to cooperate and line up with your preconceived notions.
I have no problems if people want to own gold. It doesn't make much sense to me to be buying the stuff while its price is plummeting any more than it made sense to hold a lot of Deutschmarks in 1923, but that's your business. What I DO have a problem with is when folks here recommend gold as an investment, which is exactly what happened for the Nth time a few days ago.
Sure, there have been plenty of cases of hyperinflation in the past century, but just because it has happened in countries such as Argentina (which issued new currency) and Ecuador (which switched to the US dollar) doesn't mean it will happen in the US anytime soon. In fact, the dollar has proven to be pretty resilient. In the past five years it has weathered the biggest economic crisis since the Great Depression, record-high budget deficits and two attempts in Congress to default on US debt obligations. Sure, another crisis might come along and strike a fatal blow to the greenback, but I can't imagine what that might be.
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Today's Featured Article - The Day Mom Drove the 8N - by Brian Browning. My Dad was wanting to put in a garden but couldn't operate the 8N and handle the old horse drawn plow he had found and rigged up to use with the tractor. Well, he decided to go get Mom out of the house and have her drive the tractor while he walked behind the plow. You got to understand that while my Mom is a hard worker who will always help whenever she can... she had never operated farm machinery before that day. Dad got her out there, explained how the clutch was the same as in our o
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