http://www.youtube.com/watch?v=I1wg1DNHbNU I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing: Tin Foil Hats, Economic Reality and the Total Perspective Vortex
in ancient times gold was currency unit, who knows maybe in future soon we see the same, so yeah guess gold is good choice in this crazy world.
Not a big fan of history, huh? Or learning from it, I see. The final joke will be on those who sit by and watch as their "savings" are inflated into oblivion. Don't say you weren't warned.
No I like history and one thing I have learned is enjoy everyday because you never know whats going to happen. Spend your money people...
Most people keep their savings in paper products with counter party risks. Central banks prefer gold. "Tradition".
If you think it is a joke then try this. For example. In 1964 one ounce of gold was $35. So, if you had put $35 in U.S. currency and one ounce of gold in a safe deposit box in 1964 and opened the box today, you would have $35 in currency and $1,750 in gold. The gold retained more value than the currency. In 1964, $35 would buy 100 gallons of gasoline. And one ounce of gold would have bought 100 gallons of gasoline. Today, that $35 will buy about 10 gallons of gasoline. And that one ounce of gold will buy about 500 gallons of gasoline. Currency is a JOKE. Gold is the real thing.
Ron Paul introduced a bill to effectively re-monetize gold and silver: HR 1098: Free Competition in Currencies
Gold is the real thing as ong as you believe in it as some believe in paper currency or greatness of ( put something here). Aside of that its just a yellow metal
Gold holds it's value for just this. People will always place value on gold as long as society exists which will outlive economies. Economies are more likely to crash unless there is some all out war to break down society. Therefore, the point is still valid that gold will get you more goods than paper money will when things go South.
In the future Gold is coming back as the currency of the world. Paper based inflation currency is just a dust in the eyes. Because the temple of Suleman (PBUH) used to mint gold coins. When Jews again come into power they will put the gold standard back. For the jews of the world to believe Dajjal who they will call their massiah as their saviour is there for eternal rule. Refer: http://www.islamidentity.com/view/1323606961.html