This was written by someone who hasn't experienced financial insecurity, who doesn't know that a dollar could become a worthless piece of paper. Of course, I haven't experienced that either, but I'm willing to listen to those who have.

Danielle Park makes a more dispassionate argument against gold. Her argument is that, figuring in inflation, gold has historically traded around $1000.00. So in her opinion, it is not a "bargain."

The problem with her argument is that it assumes that the dollar will maintain it's current value. If we get hyperinflation, $900 could become $2000.00 in value. If we get monetary deflation, $900 could become $600.00 (or much less, or even "0"!). Either way, you would still have your initial investment if you held the gold. And if people got excited because they realized this, you could make money on the "gold fever."

Another problem is that mining gold is becoming more difficult, and gold will continue to become more rare. Since it is a finite resource, it is silly to assume it will always have the same ratio to money that it currently has.

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