What gold prices look like. . .

derryb

when currency confidence is lost:



Why the Argentinean situation should make you buy gold, unless of course you don't believe the US dollar is being debased by monetizing US debt.

cohodk

Whats it look like in Russian Rubles?

I like this one.

DoubleEagle59

Cohodk...your link doesn't work for me but I assume it's a downward trendline.

I'll buy my PM's for the reason of derryb's chart though as that's where the US dollar will 'eventually' go.

My further reasoning is I'm not in this for the short term profit but rather the 'preservation' of my wealth.

BAJJERFAN

<< <i>Whats it look like in Russian Rubles?

I like this one. >>



Are you implying Russian Rublette?

cohodk

<< <i>Cohodk...your link doesn't work for me but I assume it's a downward trendline.

I'll buy my PM's for the reason of derryb's chart though as that's where the US dollar will 'eventually' go.

My further reasoning is I'm not in this for the short term profit but rather the 'preservation' of my wealth. >>



The reference was in regard to most of us not living in Argentina or Russia. And yes, PMs will preserve your wealth just as do stocks and real estate.

derryb

<< <i>The reference was in regard to most of us not living in Argentina or Russia. >>


"This is not Zimbabwe," said one Argentinian to the other. "It can't happen here."