Intel Corp (INTC)

[mmoy]

> Gold has gone nowhere. In fact it's gone backwards. We were
> told countless times that gold would go to $1000,

It did. Twice.

Some of us bought it at $250 and $300 when it was left for dead.

Gold is insurance against a financial meltdown. It can be a speculation too. If there is no collapse, just give it to your kids in case times get tough sometime within their lifetimes.

At the moment, the US Dollar is like gold. It is the reserve currency of the world and people run to it when there is turmoil. This gives us the ability to horribly abuse the reserve currency status and generally not get called on it. It's a big game of currency chicken and everyone else has blinked so far.