Dollar Collapsing, Gold Soaring: Are The Gold Bugs Finally Right?

For longer than anyone can remember, gold bugs have been predicting the demise of paper-based currencies and the rise of their favorite yellow metal. Yesterday, gold cracked $1,000 per ounce, a level it has broken only briefly in the past. And the dollar continued its collapse.

So are the gold bugs finally right? Should you swap all your dollars for gold dust and stash it in a safe-deposit box (maybe picking up some guns and cat food while you're at it)?

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