In response to:

Selling Gold First

SMyles Wrote: Feb 16, 2013 6:39 PM
So I guess two years ago I should have stuffed paper dollars in my mattress huh Bill? How easy to pick an arbitrary date and then make your case. Talk to those of us that bought in 08. 07 and earlier. My $800 gold and $13 silver is doing just fine thank you.
Texas Chris Wrote: Feb 18, 2013 9:24 AM
2001 buyer here, in Kuwait, no less.

No other commodity hold its value like metals, gold and 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...