Monday, January 9, 2012

The Story of Gold since 2001

The Story of Gold since 2001 : in 2002 silver was 4 dollars an ounce. u needed 50.000 ounces to buy a 200k home. soon you will be able to buy the same home with 500 ounces. that's an increase of 10.000 percent. its ridiculous but's not so much an investments as it is a way to preserve purchasing power. Look at a chart that is longer than a week. The USD has been declining for multiple decades. Gold has gone up in a straight line for the past decade. Purchasing power is being stolen away from people. They can't do that to gold, as it can't be printed. It is, and always has been, real money.yes, gold doesn't go up relative to the dollar ever single day or even week. But since 1913, the dollar has lost 95% of it's value. Gold has retained all of it's value. The dollar is declining (but not every single day). I guess when you say "investment" you are referring to something that you will hold for a few days or weeks.