Originally Posted by broncocalijohn
Gold holds it weight in...well, gold. Gold is being bought like people buying Semi auto rifles and that is fear. If I owned gold, I know that if anything happened to the economy of a total crash, I have something that people will want and barter. Useless paper money will be good to burn and keep warm. Gold is that insurance from total fear.
Plus it is shiny and pretty to look at.
But when the value drops to say 200 dollars an ounce,what then? This country isn't going back to the gold standard nor is the dollar going to become useless.