In response to:

Selling Gold First

Joe 145 Wrote: Feb 16, 2013 8:19 AM
Gold is only part of the picture. As you point out, in a crisis, gold can only purchase hard, non-consumable goods. It cannot buy things like food, water and fuel. However, it can purchase things like shoes, tools, firearms. (Not necessarily ammunition.) It is important, but not everything. Most issues of that severity require multiple approaches.
SMyles Wrote: Feb 16, 2013 6:42 PM
I just traded some eagles for a Nexus 7. In other words I bought the nexus 7 with 2008 money. People barter all the time.
binc Wrote: Feb 16, 2013 9:27 AM
Way back in the day, when gold was currency, merchants had little scales to weigh flakes and slivers of chunks of gold to take as payments for their goods or services. It was as effective as a tool for barter as paper and coins are today. Gold being the very soft metal that it is, made the process fairly simple.

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...