haha.... in 1971 when the US Gov. defaulted on gold, they stopped other countries from redeeming dollars for gold. Thus removing the FIXED exchange rate with a commodity that has been used for centurys as MONEY. Ever since 1971 all currencies are just floating and thus are NOT stable. Imagine being a saver and thinking "what will my cash savings be worth in the future? What about inflation?" The US Dollar is FIAT, which means its only money because the government says so. Gold has been chosen BY the people for THOUSANDS OF YEARS! The US Gov. AND the Fed have screwed this country for decades and all the crap is finally coming out in the open. I could go on and on about about these problems but would rather you just goto mises.org and learn some real economics. The standard of living here in the US will be going down HUGE so prepare yourself.
Oh, btw, why don't you check the "value" of gold against ALL currencies and see what it tells you. Hint... Gold measured in ALL currencies has passed its all time highs, the only currency that hasn't (minus the 1980's high) is the USD, but that is because the USD is the reserve currency.
This article is just another indicator of how our currency is going to crap...
Only governments and idiots keep their long term investments in USD, Gold, or anything that does not actively increase in value. Anyway, compare the cost of gold and salt over the last 20 years and we might want to go back to the roman's currency because as I said Gold is highly volatile as is anything once you start treating it as a currency.
Oh, btw, why don't you check the "value" of gold against ALL currencies and see what it tells you. Hint... Gold measured in ALL currencies has passed its all time highs, the only currency that hasn't (minus the 1980's high) is the USD, but that is because the USD is the reserve currency.
This article is just another indicator of how our currency is going to crap...