RE:RE:Seeking Alpha out yesterdayB2 is good even with gold at $1200. Not selling a share. Buying more.
btw, shorts are covering per the latest report. Borrowing cost to short has also increased significantly to more than 3%. All signs that we are about to turn. Just hang tight with that 5% dividend and hold.
CB's around the world will prefer gold over US treasuries especially after Basel 3. You think they would want to hold MORE US debt when the US Fed itself already holds 8 Trillion and will be unwinding soon? They are already kicking themselves for buying so much of it in the past! There is so much USD slooshing around already. hyperinflation is guaranteed now. Only question is whether we will see extreme growth to justify it. Answer is clearly no.
There is no other alternatives than Gold, the only politically stable form of store of value that is accepted by all countries (which e.g. bitcoin is not - how many countries hold bitcoin in their reserves, exccept maybe Ecuado?)