Delete comment from: Captain Capitalism
I'll be honest Captain. And I hope you'll read this. My parents took a good chunk of savings and put it into physical gold.
Hearing how gold is now under 1,400 is more than alarming. It means my parents is out of thousands and those thousands still means tons of service and goods and etc. Of course, if physical is not affected and just paper or a real bounce-back. But that still means I need to check the dealers and look around how much I can physically exchange. Else, all the arguments that it is just paper value and everything doesn't matter when one is out of a lot of usefulness it could have been instead.
At moments this like this, it does make it seem the conventional information is right rather than the blog circles information here.
Apr 15, 2013, 4:53:31 PM
Posted to "What Happened to Gold"