Gyroscopic Investing

There's a great opinion piece in the WSJ regarding the Fed and Gold.

Palin's Dollar and Zoellick's Gold
An unlikely pair elevate the monetary policy debate.
http://online.wsj.com/article/SB1000142 ... on_LEADTop

Here's the money line: "The system should also consider employing gold as an international reference point of market expectations about inflation, deflation and future currency values. Although textbooks may view gold as the old money, markets are using gold as an alternative monetary asset today."  -- Robert Zoellick

Not news to a PP adherent, but interesting nonetheless.

Good stuff, thanks for posting!  I'll dare to hope that the seedlings of fiscal prudence might be taking root.  Will they be cared for and watered?  I hope so.  Permanent Portfolio or no, I'm tired of my gold holdings doing all the heavy lifting.