The Dollar Better Than Gold
In 1980 one dollar purchased 1/800th of an ounce of gold.
Today one dollar purchases 1/800th of an ounce of gold.
If you put a dollar in the bank in 1980 in a 6% pepeptual CD, your dollar would have multiplied more than 4x but your ounce of gold would be worth exactly the same(discounting any storage fees). I know, the dates can be manipulated....but even if you take it back to 1900 at the beginning of the industrial age.....the same point can be made.
Gold is the old relic.....few countries use it as a backing for its currency anymore. Many women today prefer costume jewelry over "the real stuff." It is heavy and can't be wired digitally. Gold people like to live in the past and rehash old patterns that are no longer relevant.
Some people think the dollar may collapse....and it very well may.......but what do you think will happen other nations if it does.....if you try to mess with the American dollar.....it will be like bringing a knife to a noookleah match.....Do you think the Roman's or Greeks or Spaniards or British had the radioactive metal when they thought they ruled the world????
How many ounces of gold is one really BIG nooookleah bomb worth???????
The gold bugs like to live in theory.......Alstry lives in reality. Can gold prices fluctuate???? ABSOLUTELY!!!!!! Sometimes it will fluc up and other times it will fluc down. In the end, one noookleah bomb can destroy the world.......tell that to a man threatening you with his bars of gold.