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Old 05-04-2011, 10:48 PM   #230
Odysseus
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Join Date: Dec 2002
Location: Durango, Colorado
Posts: 11,969

Adopt-a-Bronco:
Mark Schlereth
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Quote:
Originally Posted by Arkie View Post
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.
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