Foreign Correspondence

[otraque]

<<The surge in gold obviously reflects some very big buyers who are not at all happy with the dominant role of the dollar and do not like other fiat currencies either.>>. hmm very intersting, because gold is stampeding now, last i looked it 528.
Another angle i just read, that in Asia gold jewelry has always been a tradition for invested assets, and that as people have more money, they are looking to jewelry rather that stocks, as stocks just isn't a part of their culture is, and with extra cash now people are going to gold, in jewelry form, and thus demand for metal itself is rising.