Monday, April 20, 2009

The Three-Legged "Safe Haven" Stool

It is really only a two-legged stool. And one of those legs is deformed and weak. The three safe havens of gold, U.S. treasuries, and the US Dollar are only two legs. The Dollar and U.S. debt are both fools gold and are a bet on the same thing -- just twin legs of the same thing. If one of those two legs collapses, the other one will also. I will trade treasuries and occasionally the Dollar, but I will own gold.