From Sinclair Sunday June 29/08:
"I don’t believe it matters a damn what to pay for gold on Monday if you are under weighted. I do not care what the exchange rate is for any un-dollar of choice. The system based on perception is like the Indian flat bread Papadam. Breath on it and it crumbles.
How can you possibly continue to hold dollars? Gold, Swiss Franc, the Euro, the Cando are all un-dollars and as such are preferable to the extreme."
I heaved a (small) sigh of relief when Jim included the cando as an un-dollar. But I have a feeling I shouldn't be too smug.