In response to:

Selling Gold First

Frank130 Wrote: Feb 16, 2013 8:48 AM
Is Bill Tatro on the Central Banksters payroll? Which would an ordinary person prefer to own in 10 years: $10,000 of today's paper U.S. Dollars or $10,000 worth of gold today? Hmm... gold vs paper!? On top of that, consider what will happen in the likely event that the US Dollar loses its status as the world's reserve currency. Hmm... gold vs something the world has rejected!? The US Dollar has only illusory value based on a false confidence in it. The banksters want to keep up the illusion of value in the US Dollar as long as possible. The banksters & politicians will lie to you, right up until the end & when economic reality finally hits they'll try to blame everyone else, but themselves.
Frank130 Wrote: Feb 16, 2013 10:20 AM
I found this on the internet today (Why Jim Rodgers is hoarding Gold & Silver):

Gold is the place to be, or so they say. 

Yes, I’ve heard the well-stated arguments and they all come right from Economics 101.  It’s simple, really. 

If the world is awash in liquidity, it will ultimately be inflationary and then hyper-inflationary with too much money chasing too few goods (the traditional but inaccurate definition of inflation.) 

Therefore, fiat currency will lose its purchasing power while precious metals retain their purchasing power, a straightforward argument perhaps? 

The other side of the debate involves a technical analysis perspective. 

In 2011, gold made a parabolic move from...