Gold at Another Record

The small rebound in the Us dollar sure didn't last. Gold is now at another record high. Spot gold rallied to $1,115.85 an ounce.

A lot of people think you're "investing" in gold. But over the long run, gold maintains its value, and paper money goes to zero. After all the Us dollar has lost 95% of its value since 1913. This isn't a linear process, which is why it looks like you can make gains in gold. You can, but, let's say over the next 20 years or so, your gold will buy you the same amount of coffee or oil.

I think that gold could go to $1500 easily. That's why I think it's prudent to get into gold. Or should I say, what would you rather hold over the next few years? Gold or paper dollars?

If you want the stocks too, you can buy a basket with GDX.