is Gold the right choice?

This was pretty good reading about gold at the moment....

In the midst of recent share market turmoil, it seems more and more people are turning to the glimmer of gold.

The price of gold has increased by 500 percent in the past ten years, and experts say its the comfort of putting their money into something tangible that has seen a sharp spike in its demand.

The Daily Reckoning reckons it's not, and say look at rare metals - in saying that, I wouldn't mind an ounce of gold in my pocket!!

Exactly: more and more people turning to gold, thereby making it a bubble that will soon pop... mark my words :)

The price of gold is being buoyed by the amount of hot money being printed by Uncle Benny and his central bank buddies in Europe.
In order for the gold to really pop, both the US and the PIIGS debts
should be substantially reduced. But history tells, that's not gonna happen.

The hot USDs and Euros are flooding the world financial markets to gain value. To counter these, some countries has been secretly printing their own hot money for the exchange.

leob;

"some countries has been secretly printing their own hot money for the exchange."

Do you have a link for this

thanks

Originally posted by redsixspeed

leob;

"some countries has been secretly printing their own hot money for the exchange."

Do you have a link for this

thanks

It was several months ago and I don't have the exact link.
I think I might have read it from the these websites:
http://www.dailyreckoning.com.au/category/america/
sister site:
http://www.moneymorning.com.au/
something in the line of other countries are saying in response to Fed and ECB policy of QE (printing money) "....if you can print we can print too".

It's just a matter of time before this whole bubble explodes...