Banro Corp. fka BAA

[Libertarian74]

I personally think the dollar component is always exaggerated. Gold can easily rise with the dollar, which it has done plenty of times historically. Although overall the correlation is more positice than negative over the medium long term. All the talk now is of recession, so global uncertainty is rising every week now. In fact many countries are already in recession - Australia, Canada, Brazil, Russia, Venezuela for example. Regards China, sorry but I do not believe their economy is in anything like the shape they claim. How can it be when commodities have collapsed in price (due to the collapse in western demand for Chinese goods) and they have all these ghost towns. Add to this the escalating problems in the middle east and its hard to think of a better environment for gold. Maybe thats why Drukenmiller just shelled out 300 million on gold - around 20% of his portfolio allocation. I say it again. The so called recovery we have had since 2009 has been 100% fake. Its all propaganda. Most people are worse off now than they were.