Dollar Drop

We're talkin' 'bout the dollar bill
Now what are we all to do
When the money's got a hold on you?
--Simply Red

One contributing factor to gold's recent strength has been the dollar's drop. The USD is down about 7% over the past month or so.

Some view this weakness as a temporary set back while others see it as the beginning of the end of the USD. It is hard to confidently make either case in a world where all currencies are printed by fiat.

On the other hand, it is easy to foresee the future of all fiat regimes vis a vis gold.

position in gold, silver