Gold 
“To wrap it up, this is a difficult market, because there are convincing arguments on both sides of the economic-equation. Wise men disagree today more intelligently than any time I can remember over the last 50 years. The Obama spend-and-tax strategy may work, and then again, it may prove to be a disaster, not only for the current generation but for many generations into the future.
Personally, I think Obama is a smart guy, and I believe he means well. But doing what Roosevelt did during the Great Depression is not going to work today. Roosevelt never had to deal with trillions of dollars in spending and borrowing and debts. There’s a huge difference when you compound millions in debt and when you compound trillion in debt. The US had a manageable balance sheet during the Great Depression. It’s a very different situation now.
To keep it simple, I’m thinking as follows — nations are printing trillions in their own currencies as they attempt to stimulate demand and keep their currencies ‘cheap.’ I think the future of fiat paper money is doomed. At some point, people will no longer trust ‘government -issue’ junk money. And then what’s left? GOLD.”
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