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<blockquote data-quote="Ryder" data-source="post: 1154991" data-attributes="member: 663"><p>If everything else loses real value and if paper money becomes worth less and less and if gold retains its value then gold is a pretty doggone good deal. Gold is real money.</p><p></p><p>The price of gold cycles up and down. So does every thing else. But everything doesn't cycle up or down and the same time and not at the same rate. Call up a long term chart of gold and you will see what I am talking about. When gold is on an up cycle it can outpace everything else (within reason).</p><p>Therefore it's relative value certainly does increase. </p><p></p><p>One of the problems we have today (and in the future) is, as someone pointed out, paper money today is counterfeit money because it is not backed by anything of value. It has been this way ever since we went off the gold standard and the powers that be discovered what they could do with some paper and the printing press.</p><p></p><p>Gold is real money. </p><p>And that is my say on the matter.</p></blockquote><p></p>
[QUOTE="Ryder, post: 1154991, member: 663"] If everything else loses real value and if paper money becomes worth less and less and if gold retains its value then gold is a pretty doggone good deal. Gold is real money. The price of gold cycles up and down. So does every thing else. But everything doesn't cycle up or down and the same time and not at the same rate. Call up a long term chart of gold and you will see what I am talking about. When gold is on an up cycle it can outpace everything else (within reason). Therefore it's relative value certainly does increase. One of the problems we have today (and in the future) is, as someone pointed out, paper money today is counterfeit money because it is not backed by anything of value. It has been this way ever since we went off the gold standard and the powers that be discovered what they could do with some paper and the printing press. Gold is real money. And that is my say on the matter. [/QUOTE]
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