The world view: If you were Asian and owned gold right now you would be very happy, why? Because in terms of your currency you were protected, in terms of baht,won et al the purchasing power remained intact. Americans tend to view gold only in terms of US dollars because they do not understand gold. Scared to invest in gold but deep in your heart you know somehow it will provide some sort of a stable feeling to your "soul"?
First prices are low; 18 year lows, what does the thinking person do? First make a decision and stick with it! Simple take your 5% or 10% of funds that you plan to allocate to gold and dollar cost average over the next three yers or ten years, you choose, since none of us has a crystal ball it is pointless to pick the exact turning point, if you have merely 5% of your assets in gold how harmed can you be?, on the other hand if gold becomes king over the dollar with the politicians doing everything in their power to prevent / distort and spout denial, then you will be very happy you chose to trust something that is the same anywhere in the universe versus the current "dollar" ie. Federal Reserve Note, that may go the way of previous american currencies remember " Not worth a Contiential", The greenback failed also, the history of this country with it's currency is less than stellar. We are living in interesting times the truth is hard to find, but it is true an ounce of gold is something that will remain the same regrdless of it's "value" in won , pesos, baht, FRN's, yen, franc's or oranges. |
