Precious Metals
Gold thus far is holding its own in the markets. Yes, gold and silver have held their bid. gold has reached an all-time high of $2400 an ounce. Silver is right behind Gold at an all-time high of $35 an ounce. Sooner than later, gold and silver will be the monetary dollar the world will use to buy and sell.
Did you know there was a time when Americans could not own gold? Yes, in 1933 President Roosevelt felt the need to abolish Americans from owning gold. He also decided to stop backing the Federal Reserve note with silver and gold. Once the Federal Reserve notes and paper money stopped being backed by silver and gold the US dollar became what is known as "fiat" money.
As the story is told, all fiat money in world history has collapsed. Several countries have used the fiat monetary system, and have failed, including China, Mexico, and Spain. Currently, nothing tangible is backing the US dollar, except oil which makes the dollar known as the Petro Dollar. Under the Petro Dollar system, oil can only be purchased using the US dollar; thanks to President Nixon. Without the Petro Dollar, America would have bankrupt.
When the world decides it does not want the US Dollar anymore, the dollar will collapse and be worth nothing. I wonder how long it will take Americans to wake up and find there is no more gold.
http://www.cmi-gold-silver.com/history-american-money/