misleading gold figures, page-22

gaweb I absolutely agree on US related equities - the Dow generally is weakening in dollar terms although some recovering downbeaten techs and other good news stories are still worthy of interest. NRT and LOK for example. I would hate to be an institution with a requirement to hold the big indices. Mind you, Nasdaq is still on a solid uptrend.

Gold may well rise, even against non-US currencies, but what I find distasteful is the eulogising of the commodity in luxuriant praise like the crap above from russell. Here's the solution, the panacea - put your money in the real money (much better than worthless paper). The Prince of Commodities. Look at that worthless PAPER in your pocket, it's not precious!

Truth is, gold has no inherent special value because it's rare. In fact that is its major weakness. Gold has value like any other currency or commodity that is ascribed by people and it is a discretionary commodity - no real use. People who beat up a flight to gold using spurious anecdotes will almost certainly fuel economic instability elsewhere in the economies.