I stole this from one other thread, so the topic might be mentioned with out further hijacking the thread it was on. I hope that was OK.
Look on the goldbugs on the market, led by Peter Schiff. That guy predicts doom for the greenback at every turn (and he gets plenty of airtime, because folks get pleasure from hearing doom and gloom predictions for some reason). It’s all the time a superb time to buy gold, he says, as a result of the greenback is about to turn into nugatory. But he’s incorrect in regards to the greenback nearly every time, and I have seen him implore his minions to purchase gold at $1700/ounce. (Anyone who did bought crushed.) Point is, their perceptions of worth really do not matter. The goldbugs offered their dollars, however any individual else bought them up, as a result of they recognized that dollars … Read more