>I read somewhere that the dollar stopped being backed by gold because it was hurting the farmers.
That was a front story for why to take the dollar off the gold standard so people would support it... the real reason is because governments on a gold standard can't print more money without aquiring more gold to back it up. Off the gold standard, the government can simply pay it's bills by simply printing more money... as the US is doing that right now in record quantities.... which devalues the dollar... which is happening now... which is why foregin governments are dumping U.S. debt because they don't want to be paid back with devalued freshingly printed money like its off a xerox machine... which is what is driving the current impending crisis in the currency. If the middle east drops the dollar as it's sole currency for crude oil exchnage, the dollar will crash like it never has before, and the US will experience inflation not unlike Zimbobway did... yeah, in Zimbobway you couldn't buy one cement brick for the same amount of money as what would purchase a house the year before it due to its laughably pathetic inflation rate literally being in the quadruple digits.
You might want to buy some gold, or silver. Don't go panicy nutz about it, but all the same don't keep all your equity in one basket either... and like 99.999% of Americans (I made that number up) hold exclusively U.S. Dollars for their savings. That's one basket. A basket woven out of U.S. dollars.
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Re: Anybody here know anything about buying gold?
