Some men worship rank, some worship heroes, some worship power, some worship God, & over these ideals they dispute & cannot unite--but they all worship money.
- Mark Twain's Notebook

Gold is money!

In 1913, $1 in paper money (greenback) was worth a dollar. That same dollar today is worth far less than a nickle!

A dollar's worth of gold in 1913 has the same value today as that greenback did in 1913!

Inflation has no intrinsic affect on the "golden goose!"

In times of financial "fallout," which would you prefer to be long on?

Gold is "counterparty" insurance against all types of inflation! (When the hedge funds and the American housewife come to this realisation, the gold/oil ratio will fly past 20 faster than a Quebec City cabbie on his way to the Coliseum for a Jean Bellivue autograph!

A $4000.00 home in the US in 1929 was selling at auction for $25.00 in 1932! Gold equities experienced a 10 bagger (Homestake) between 1929 to 1935 plus paying huge dividends!

Considering continuing global financial chaos, IMHO, 90% of your portfolio in PMs and their equities is a fair #, saving 10% to buy the dips!

As Will Rogers said, "Buy inflation, it always goes up!"

When fiat money rules, inflation is guaranteed! (Supported by 300 years of fiat currency mismanagement!)

Howard in his article should have simply stated, "It's a no brainer!"

RUF

PS: back to money. Isn't that why we're all here?