Reply #16: I agree with you, gold and silver can make a lot of sense...

[IndyPragmatist]

I don't have a very large savings fund, but I do have a small amount in gold and silver. I actually increased the amount last week when it dropped so quickly.

While the site that was originally referenced is made to cater to nutjobs, thats not what most metal investing is. I know a few VERY smart people who have made a great deal of money in gold. Any time there is money to be made from something, someone will find a way to exploit it.

Investing in gold isn't about the fear of the dollar collapsing. But there are some people who think that will happen in the next few years, so there are websites out there that play on that fear. And if the dollar collapses, those holding gold wouldn't trade it in for "worthless dollars" as mentioned earlier, they would be trading it in for currency that is stable. For the extremists, they probably think that the gold itself will become the medium of exchange.