Sunday, October 4, 2009

Gold up, dollar down

OK my prediction of gold being a store of value is coming true. However this is old news. Back in 1929 and ounce of gold costs $20 and with that ounce of gold you could rent a room for one month. Well, now in 2009 and ounce of gold costs approx $1000 and with that same ounce of gold you can still rent that very same room for one month. It is not a matter of gold going up, but rather of the dollar going down. Gold and silver are shining stars due to fears of inflation.

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