Originally Posted by Arkie
Think in terms of PURCHASING POWER. Are you gaining or losing purchasing power by holding dollars vs gold? I can see gold correcting $200-300 short-term, but it wouldn't stay down there for long. Pegging the dollar to gold would only trigger it to flat-line.
Makes sense. You are right about the debt ceiling. The Fed has been using imaginary numbers for years.
Silver took a serious dump. I am still a hold on Gold.