Gold has some reasonable chance for a long lasting run with a bit of this-time-it's-different, I think. If this never-before global negative rate experiment fails to lead to growth and sustained price inflation, then competition to devalue currency is all that is left to avoid the deflationary spiral. Dollar notes hidden inside mattresses are no good then.
Geez, I'm starting to sound like Zerohedge. Better go to sleep before Skol wakes up to post a chart of the price of gold versus bath-house tilers' profits during the reign of Julius Caesar, or some such.
