Time to buy gold?

[chane]

With the economy in trouble, should you turn to precious metals?

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[Kdaddy]

Your opening a can of worms with me on this one. The Federal Reserve is printing money at a feverish pace. This is the reason why we see such inflation. That being said the Fed will continue to print money for the foreseeable future because of budget deficits, Social Security, and endless bubble creation. In essence we will see ups and downs with gold in correlation to our economy and dollar. However, there will come a point in time when we can't pay our debts (Which is quite soon) and we will call our currency for a new "Amero" currency similar to the Euro. Right before that time Gold will be at it's highest point at which you should sell. So yes, buy now and hold during the financial tsunami of the American Currency but SELL before the restructuring of our money into a new currency.

Kyle