Depends if you think gold is money. One of the definitions of...

Depends if you think gold is money. One of the definitions of money is it must be portable. Gold is, oil isn't. A reasonable new car could be easily purchased for 30 Krugs. Less than one kilo. 450bbls oil. Hmmm? A gold bug is aware of this.

I'm not knocking oil, but just that you invest in oil or gold or both, you do so for different reasons.

As for award winning economists. To name a couple, Keynes in despute, Scholes busted.

There was an intersting interview on the BBC last night with a guy who went to Harvard Business School, pointing out what is wrong with their current teaching. Probably on the net now. Worth listening to, IMO.

US$, Bonds, and Gold all point to a bias towards inflation ATM.

Regards, kg