"As one of your ancient long-term subscribers, here is a question for you please for your assessment and comment? As no doubt you will have noticed the physical gold price has gone up but so has the USD. What's the significance of that move? Do you see that as a trend change, both the USD & Gold becoming a safe haven from the turmoil in the EURO area or does it have some other portent?"

David Fuller's view Thanks for your interest in Fullermoney over many years.

All fiat money is faith-based: "In God we trust", for the USD. Clearly, gold is once again the currency most trusted by an increasing number of people, as it cannot be produced in unlimited quantities and carries no sovereign debt baggage. The USD has appeared less dire relative to some other paper currencies in recent months but these perceptions are subject to change.