Gold us a good investment when US presidents are being fiscally stupid and there is no major competing currency. Gold is also useful as portable wealth when things go completely to hell, like in Iraq. I agree that when the world shifts to a different reserve currency, it is time to short gold. When the war on terror ends and it looks like Russia and Iran stop trying to prove themselves to the world, and when India stops growing, then it is time to exit gold.
bchadwick Wrote: ------------------------------------------------------- > Gold us a good investment when US presidents are > being fiscally stupid and there is no major > competing currency. Gold is also useful as > portable wealth when things go completely to hell, > like in Iraq. > > I agree that when the world shifts to a different > reserve currency, it is time to short gold. When > the war on terror ends and it looks like Russia > and Iran stop trying to prove themselves to the > world, and when India stops growing, then it is > time to exit gold. so, stay long for quite sometime