Gold=Money
Paper=Debt
Simple and true, what do you want to keep money or debt? Gold is the money of last resort, when the panic hits the flood gates will open and the gold rush will be on. Remember in the East the gold holders are happy, why ? Gold did it's job, it soared in price( Thai baht) for example, it is only in US dollars it looks so bleak, when will the dollar collapse, maybe never, but not if you look at history, every time a country has gone on a fiat currency the nation had huge financial problems 30-40 years later. France, Germany, The Roman Empire, etc.
This is the first time in history that it is a world wide situation because nearly all countries hold USD as their reserve. Nixon closed the international gold window in 1971, USD went fiat! 1971+30=2001! Is this the date?
Do not know, but feel that too many financial problems exist presently to bet everything on a currency and system that first defined the word dollar as a specific amount of gold. Now what does dollar mean?
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