After taking a vacation from its secular bear to largely drift sideways in 2005 and 2006 , the dollar is once again proving long dead philosophers correct by testing yet new lows. This is a most important development since most everything and most commodities - oil and petroleum , included are denominated in dollars, not euros or yen. Generally the financial media has stayed away from calling a spade a spade.
Any dollar weaknesses further emphasizes valuations of gold - as a hedge, both in our current financial and currency situation and historically. History repeats itself again. You cannot run away from quite obvious historical truths. For any of a number of reasons , including scarcity , raw weigh , desirability , convenience and portability as well as uses in other fields - gold yet again has shown itself to be the hedge of inflation and continuer of constant real valuation and asset and wealth preservations.
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