Quote:
|
Originally Posted by Ustwo
Unless you are expecting everything to go to hell like will there is no real point to investing in gold.
|
Google: "US dollar" and check out virtually every article written over the past year or so about it's worth. Had one invested in gold back in 1999-2000 (when the USD was rising sharply compared to the Euro), they'd be doing quite well now. Starting in 2001 and ending in 2003, the USD lost more than a quarter of it's worth vs. the Euro. Then it dropped off again and has continued doing so through today. The Canadian Dollar is now worth more. How soon till we hit the Peso?
It's the trade deficit (thanks, free market!), the budget deficit (thanks Republicans!), and the yen suddenly growing balls, not to mention the FED, and their basically criminal behavior that caused most of it.