Think the USD will be on its way up for a while, meantime in Russia the economy's imploding, oil prices crashing along with the rouble, how long before Vlad's forced to part with his gold?
It's reported that USD are in 'extreme demand' in Russia.
I suppose goldbugs can take some comfort from their heroes, Marc Faber and Harvey Organ, both forecasting a colossal global crash in the next 6 weeks, Faber for the second time, last was 2012. Organ's predicting gold will be $10,000 by the end of the year, time to re-fi the house and pile in dudes.
I've always said that gold is a useless yellow element unless you live in Iraq or North Korea, cows are the place to be, beef prices exploding, gold imploding. You can't eat gold, cows put on 1 kg a day where I live.
