In 2001, it took 95 ounces of gold to buy the same car you can purchase today for just 25.5 ounces, according to the National Automobile Dealers Association.
Sure, for gold bulls it can be an obsession waking up every morning to check the Kitco spot price. But in the long term, the move to gold holds far more significance than a ten or twenty-dollar price swing. If you can keep your head (and shirt) when all about you are losing theirs, that in itself will be a great triumph.
History will record our age as the time of the greatest economic meltdown the world has ever known. In the end, it won't matter if gold is selling for a trillion dollars or fifty dollars. What will matter is what you can buy with it.
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