In response to:

Gold Has Longest Streak of Annual Gains Since 1920

Kurt114 Wrote: Jan 01, 2013 2:23 PM
olerocker, not trying to be a jerk towards you, really. However, if your opinions are the result of your personal experience, your experiences have been very different from mine. Gold is money. Cash is not money, it is a medium of exchange. Gold can frequently be traded directly for goods and services. In those instances where cash is required, gold can be traded for cash prior to the transaction. Gold's value is constant. Gold isn't rising, the dollar is spiralling down.
olerocker/bluesman Wrote: Jan 01, 2013 4:02 PM
FDR, took the gold off the market and replaced it all with paper money, which was printed "backed by gold or silver"...then changed to 'FederalReserve Note".. Nixion allowed people to own a small amount of gold...find a bank who will exchange Gold for paper money....you won't...and you use the work traded...you can trade a car to...but it's not money...the price of gold is determined by the folks who sell it...a plumber/home builder ect will not take gold for payment unless he is a collector like you...before investing in gold talked to several banks said they would cash silver but not gold.....not tryin to jerk ya aroung either. I will stick with the stock market for now and buy the stuff from overseas.....

Bloomberg reports Gold Extends Longest Streak Since 1920 on Central-Bank Stimulus.

Gold rose, capping the longest annual gain since at least 1920, on renewed concern that central banks from Europe to China will take steps to spur economic growth and as U.S. leaders near a budget deal.

Gold futures for February delivery gained 1.2 percent to settle at $1,675.80 at 1:41 p.m. on the Comex in New York, while prices for immediate delivery jumped as much as...