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Strategies & Market Trends : The coming US dollar crisis
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To: GST who wrote (17982)2/28/2009 11:24:17 AM
From: stsimon2 Recommendations  Read Replies (4) of 71456
 
It is pretty much Fed policy to target 2% inflation, so in the long run the dollar will gradually decline with ups and down along the way. Gold is an excellent very long term store of value vehicle. In the short to intermediate turn it will go up and down like any other commodity.

If all you want to do is retain the purchasing power of what you have for the next 50 years, gold is a reasonable way to do it. Others may choose to invest in the economy and accept risk for the opportunity of much greater long term results. To each his own. Personally, I find betting on the destruction of the U.S. dollar to be more of a fantasy trip for survivalists rather than a reasonable investment strategy, but I could be wrong. Some day the world will end, I just don't see it happening anytime soon. FWIW.
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