We live in interesting times. It was not that long ago when we expected people to take responsibilities for their own actions. If your business of personal finances got out of control you went bankrupt and no one gave it a second thought. There were no bailouts for anyone.

Now a days we live in the land of make believe were there is a bailout for everyone and everyone pretends that no one has to pay for it. Unfortunately there is no free lunch and the bill's will be paid in a devalued US currency and inflation.

Those with the means and smarts will/are protecting themselves with tangible assets like gold, silver, oil, etc.

Those who are just scrapping by and/or living on fixed incomes will be the ones who get hurt the most as the increased costs of necessities ravage their purchasing power.

The way I see it as long as the current policies continue gold is not a luxury it is a necessity to protect yourself from inflation.