Skol... in Fischers speech in Israel today he outlined a 4% interest rate by 2018. That is 0.25% shy of the 27 rate rises from 2005 to 2008. If you think gold bugs are scared of a stronger dollar than think again. Im holding for the destruction thats coming. Bonds property equity will go down... perhaps the most liquid will find new homes but there will be a spike in supply and a definite drop in prices. I do hate to say this but the ensuing liquidity vacuum will suck in paper gold too. That is unless goldbugs stay faithful and shy away from leverage or margin lending. We have to be better than everyone else.
