Gold Glorious Gold!!

Ahhh Gold and other precious metals. In case some of you haven't noticed, precious metal prices have been going up. They've been breaking records and continuing to march upwards. F-ing A!  As you can guess I'm an investor in precious metals. I believe that the dollar is decaying and loosing value all the time due to the Federal Reserve's and federal government's policies. They advocate and support inflation which devalues our money. It's an invisible tax that discourages saving and keeps the poor in poverty. Why intelligent liberals don't see or understand this, I'll never know. By the way, the Board of the Federal Reserve doesn't think there is ENOUGH inflation -- w-w-w-what?? They want more!! HOLY CRAP!

Even if you don't think gold is a good investment, you should be able to understand basic economics. If you know that inflation was constant at about 1 - 2% per year and you had bought gold then the price would generally reflect the amount of inflation. To put it a different way, if 1 ounce of gold cost $35 in 1971, and the same ounce of gold costs $1310 today, did you really make out? Not really. Your $1310 could buy the same amount of goods today as $35 did in 1971. Essentially you saved the value of your hard earned money.

Price of gold from 1975 - 2010.

Look, if you're lucky enough to be able to have enough disposable income to invest in something, I suggest precious metals. That's not only the libertarian in me saying this but also my broker, Peter Schiff. He was Ron Paul's financial adviser during Ron's campaign. This is the same guy that was laughed at by so-called economic experts when Peter was predicting the real estate bubble. Now these same fools are talking about a precious metals bubble. Peter says there isn't one because the underlying indicators aren't there. The increase in prices are real, not inflated. Of course I'm not a financial expert, but if you decide to get out of your dollar-based securities, I humbly suggest you take a look at EuroPacific. I'm pimping them not only because they are badass, but they follow non-dollar based securities that are difficult to acquire through a traditional broker.