(Arizona Gov.) Brewer vetoes bill making gold legal tender

[Kelvin Mace]

22. It is cherry picking when looking at the broader picture

disproves your thesis. You picked the 12 years, I picked the last 53.

"Recent history" is just that, "recent". I am quite aware of the dollars value relative to the past, something that should be obvious since my argument involved using inflation adjusted dollars to price stocks indices and gold.

Gold produces no income stream; no dividends, no interest payments, no rent, nada. It has an industrial use, but beyond that it is just a fetish metal thats rarity in the past made it a medium of exchange. If there is, in fact, an "economic meltdown", then copper-jacked lead and food will be the currency of the day, not gold or any other "precious" metal.

Gold bugs can never be convinced gold is a bad investment until they are wiped out. I wish you luck with your investments, you'll need it. Gold's bubble price today is looking very much like it did in 1980.