Watching the spiraling price of gold (the spot price as of this writing is $1,213.40/oz) has been a humbling experience for me. There are all kinds of marketing forces happening to cause this, but if you follow what the Austrian School folks are saying, this is not a surprising trend at all. Central banks around the world are dumping their U.S. dollars and buying up gold, which is driving the price up. But I think this is different than just another commodity bubble, because the way gold is perceived--as a store of wealth. Traditionally investors who feel the currency they are in is threatened ...
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