“Contrary to the wisdom spouted by people like Mr. Buffett, gold’s movements are not about the economy. They’re not about geopolitical tensions. They’re not about inflation (and they’ve never been about inflation— a fact that four decades of correlation statistics handily prove). They’re not about what central banks are or are not buying. They are, instead, entirely about the direction of the U.S. dollar as a reflection of the U.S. fiscal situation. And as the last four decades have proven, the dollar will go down as America’s finances worsen. And that makes gold a buy.”

http://sovereign-investor.com/2013/06/13/the-worlds-greatest-investor-is-dead-wrong/

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