In response to:

Another Big Week for Gold

2ndamendment Wrote: Aug 27, 2012 9:30 AM
Chris, I appreciate the fact you bring the words of wisdom on what a real person can do. While it may seem like whistling past the graveyard at least it is something. It would be interesting to see some what if examples. What if the dollar collapses to the point that 1 oz of gold = 20,000 an ounce, 50,000 an ounce.? What would the cost of a loaf of bread, gallon of milk, dozen eggs, gallon of gas etc. ? You know real numbers that real people can relate to. What amount of gold could make a life saving difference? What other investments? real estate, etc.??

There were big numbers for gold last week, the kind of upside numbers we haven’t seen in a long time. 

Gold ended the week at $1,669.90 and silver traded up to $30.78, for a silver/gold ratio of 54.2, one of the lowest readings since January. 

In the media this week we found speculation about a plan to return the nation to the gold standard.  My position on a return to the gold standard is that would be a really bad idea for the U.S. to make that move unilaterally.  We would be handicapping ourselves in global...

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