A bit on gold

AGA7d

Gold is much more complex than other commodities. There are quite a few gold-bugs out there pumping gold year after year, including Peter Schiff. They become more and more visible due to the weakness of dollar.

I am not a gold bug and always am a bit suspicious. The reason is simple: the value gold of becomes more psychological after the decouple of the paper currency and gold. Also, gold is non-consumable, and there are more gold added to the global inventory each year. During economic boom, USD is strong and nobody really wants the gold. How long had gold underperformed dollar and stocks from 80s?

Now things appear changed. There is a perceived long-running economic downturn. So the gold may be a worthwhile investment now. Recently, Paul Tudor Jones called gold - I would not bet against him. But my favorite play now is oil, more specifically, CanRoys.