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In the language of credit cards, “gold” has long been used to describe a certain level of benefits and consumer protections. Many banks issue Gold Visa or MasterCard credit cards, and American Express features a Gold card in its charge-card lineup.
Soon, “gold” will be used to describe a new type of credit card – but in more literal terms. The Gold Bullion credit card promises to be backed up by the value of your own gold bullion coins. Don’t have any? The company marketing the card can buy them for you at market rates.

Taking a cue from Harry Browne, the firm responsible for managing the endowment that pays the bills for the University of Texas has invested nearly a billion dollars in gold bullion as a hedge against inflation. Board members specifically cited concern over the Federal Reserve's unreserved printing of paper dollars as a motivation for the purchase.

It takes a lot to spook the solid old gold market. But when it emerged last week that one or more banks had lent 380 tonnes of gold to the Bank of International Settlements in return for foreign currencies, there was widespread surprise and confusion ....

Florida oncologist Douglas Jackson gave up his medical practice to pursue the crazy dream of creating a digital currency independent of any nation, and backed by gold and silver. Libertarians and computer criminals were thrilled, but the U.S. government was determined to stop him. And it did.

Gold Settles at $1,244 as Indications Emerge of a Shift Out of the Euro and Into Safer Assets -- Gold's surge to a record sparked speculation that central banks may be stepping up purchases of the precious metal.

San Diego City leaders want to slow the increased interest in gold sales and purchases within city limits. All federal legislation is experimented with at the local level first, usually in California, to see how the populace reacts. FDR banned gold in the 1930s. Obama recently banned over-the-counter gold futures, but many people think he won't have the guts to actually seize the physical gold like FDR. When serious inflation hits, the state will get nasty.

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In a July 13, 2011 exchange between Rep. Ron Paul and Fed Chairman Ben Bernake, Dr. Paul asks whether or not Bernanke believes gold is money. After a short pause, Bernanke answers "no," claiming that central banks only hold gold because of tradition.

If the dollar failed tomorrow and gold and silver took its place...Heck Yes!! Is it safe to say that the buying power of an ounce of silver or gold would match that of their current spot prices. In other words 1 ounce of silver would buy about $19.00 worth of goods and gold would buy apx. $1,200.00 worth of goods. Or would their values change dramatically therefore their buying power would be worked out overtime by the market.