Quote:
Originally Posted by samcol
They do care if the dollar crumbles, Ron Paul has been talking about this for years. They want to stop the spending because the fractional reserve banking that bails out the governments deficits creates the inflation.
If you knew the government was hell bent on destroying the dollar why wouldn't you protect your assets by buying gold and silver?
I use gold as my savings account because I know there's no way my money will keep its value if I keep it in the bank. It's not so much that gold is up, the dollar is plunging. Get out of the dollar before the hyper inflation starts.
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The US is so far from hyperinflation as to be absurd to suggest it. As for the myth of gold being a good investment, since 1975 (when all the pegs on the gold price were removed) the stock market has thoroughly outperformed gold as an investment.
During crises there is a flight to the safety of commodities, but that doesn't last.