Gold As The Economic Reference Point

Friend of Friend of Another posted an excellent article the other day about gold as an economic reference point. It's a long read, but by the time you're finished, you'll hopefully understand why I encourage everyone to trade their worthless paper dollars for physical gold bullion as soon as possible, and at any cost. This is the only way to permanently capture the economic value, or purchasing power, of those worthless paper dollars. As I have stated before, gold (and silver, to a lesser degree) should never be considered an investment. It's true savings.

Seriously: long-term savings absolutely should not be in the form of a bank account, stocks, bonds, money markets, mutual funds, or anything that can go to zero overnight (and the US Dollar can go to zero overnight). Long-term savings should be in the form of the precious metals I've mentioned before: gold, silver, iron*, or copper.
Always remember: in reality, the price of gold has not gone up; the purchasing power of your worthless paper dollar has simply been going down.

Notable quotes from the article:

"so much value is just perception only, not reality, and that perceived value will go up in flames"

"the dollar was gradually adopted by other nations until it became the de facto global reference point for value. Or so we in America and the West think. In fact, gold was always the global reference point and the U.S. dollar's definition—a definition that was defended at the U.S. Treasury gold window by spewing gold—became a means to the acquisition of the value reference point itself. If the dollar had been that global reference point, the world would have been happy merely accumulating dollars, and Nixon would have never had to close the gold window."

I encourage you to read FOFOA's entire site. It's heady stuff, but excellent.

* by iron, of course, I mean firearms.