Shiny Metal Bubble ?

[Julius Caesar]

People need to stop thinking about gold as gold and think of it as what it is, another currency. One that no single government controls and no one can print more of it.

It just happens to be gold as gold is relatively scarce, cannot easily be made artificially, takes time and money to "mint" and does not degrade.

Humans need a currency to represent wealth and buying power that is not subject to "quantitative easing".

Gold doesn't go up, paper money goes down.

I wish it were true. Can someone please explain the 1980 peak to me, as anything other than speculation?

[DimPrawn]

I wish it were true. Can someone please explain the 1980 peak to me, as anything other than speculation?

American economy was facing huge inflation at that time and Russia had just invaded Afghanistan and assasinated the president there sparking fears of a new Cold War.

[sasguru]

Gold is a safe haven in times of uncertainty - but not the best investment otherwise.

[Scary]

Gold is a safe haven in times of uncertainty - but not the best investment otherwise.

And times right now are certain or uncertain?

[DimPrawn]

And times right now are certain or uncertain?

Certain. Certain we are fooked.

[DiscoStu]

Certain. Certain we are fooked.

You mean you don't trust Prudence Brown?