An interesting article. We're finally seeing the business media focus on something that the consumer has known for quite a while now.

It does make you wonder why countries like Russia and Saudi Arabia aren't buying a lot more gold. Unlike some of the other countries shown on the second last chart, they have both an inflation problem and huge U.S. dollar reserves to protect. You'd think we'd be seeing them calling for delivery of the gold contracts they own and take physical possession of the stuff.

Cheers,

PW