The general theory is that as the dollar falls people will rush into holding gold and it will go through the roof. So is gold a good hold? Last time I looked it, had a very weak correlation with the dollar over the years and certainly nowhere near the -1 you would hope for if you were a goldphile. Is there some belief that in this very global economy a new gold backed dollar will immerge or are western governments selling gold into these current rallies in the knowledge that gold backed currencies are a thing of the past. Also, let us bear in mind that as a currency hedge, rental RE bought at the bottom of the cycle can be comfortably leveraged against it's own income, something that gold cannot do. And so, is gold a good hold or simply a good trader?