From a Zero Hedge Poster! Since Nixon announced that the USA was no longer redeeming gold for dollars on 15 August, 1971, an ounce of gold which is approximately $2,390.00 as of 15 April:
Has compounded at approximately 7.93% per annum for over 52.67 years.
The dollar has lost 98.20% of its value against gold. I suspect that the remaining 1.80% will be gone in the next 5 years.
Gold has beaten inflation by approximately 621%.
Current debt of over $34,000,000,000,000 or approximately $101,190.00 for every man, woman and child in the USA .
The debt is growing by $1,000,000,000,000 every 100 days which is an additional $10,863 per annum for every man, woman and child in the USA .
My opinion is eventually a fiscal collapse. The only unknown is when and what will be the trigger.
I believe it would be wise to have at least a small amount in gold, maybe 5% or 10% of your assets.