SPDR Gold Trust (GLD)

[cdrom]

Fair enough... you got rights to your opinion.

Does it ever make you wonder if there is absolutely no use for gold, why every government in the world still keep it as reserve in vaults? Do a google search on history of "currency" and read up on its history and see how past empires and their currency rose and collapsed repeatly throughout history... US Dollar system is still fairly young and an experiment, unless managed carefully will face similar fate as past empires did.

The way I see it in simplest terms on why oil and gold went up hundreds percent over decades in relation to Fiat "dollar" being devalued in same time period makes perfect sense. In real terms (inflation adjusted) oil did not go up unreasonably. Normal supply/demand caused the volatility.. Take a look at inflation adjusted charts in google search.

I suppose it all boils down to belief in US Dollar since oil, gold and most everything else is valued in dollar terms. So for me... what does not make sense is how a so called "currency" that is just piece of paper printed from FED backed by nothing but taxpayers, for which supply of it has been printed over the years/decades is astronomical and yet still somewhat strong. I take it back... there is perfect reason for this strength in Dollar... PetroDollar scheme, currency war that is going on between nations to get competitive edge, etc.