Interesting article here - i tend to agree - although i like commodities for intraday. http://www.hardassetsinvestor.com/columns-a-opinions/6537-russias-big-lesson-for-gold-investors.html
There is only one way gold in such quantities can be used As a gold standard Why is China grabbing so much, why is Russia grabbing so much, why is India grabbing so much. And why is US not returning gold to Germany, only minuscule amount. Why is US not returning Dutch gold. Why did Romania ask for their gold back Venezuela asking for gold held in Europe Ever heard of cycle of empires, Romans had their time, British had their time, Germany had their time as brief as it was, France had their time. Countries want gold because everyone reads the internet, they suspect that US empire and US dollar won't survive the next 20 years. Country that backs their currency with gold at the moment when US goes down and pulls Canada Britain Germany down with it......that country will be the next USA I will remind you that US too had long time ago Gold Standard, now FED coffers are filled with paper gold, conspiracy theories worldwide are that FED has only 10% left. Are they wrong ? How should I know ! But I do know they fight any kind of audit tooth and nail.