Replies to post #77166 on Intel Corp (INTC)

[RobertG]

With the world in the grips of the worst financial crisis since the great depression and on the brink of utter disaster, gold has gone nowhere.

We haven't seen anything yet. The worst is still ahead. Gold at $942 and Intel at $12.4 at the time of this post. Let's see where they are at the end of the this year and next.

Wait until the biggies start being allowed to fail

[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.

[MegaTrader]

I would imagine that is going to change a lot once that money does enter the system, it does not happen immediately. It happened adverse to the US dollar which is a currency that will eventually constantly lose value.