Gold and Disorder

And so we turn on the TV one more time
And we see that everything is fine
--Flesh for Lulu

WSJ observes that, with gold up nearly over the past three months, the yellow metal is outperforming stocks on a quarterly basis for the first time in years.

When it really gets its groove on, financial analysis of gold is likely to look more like this:

And perhaps people will suddenly remember gold's historical position in the monetary hierarchy:

This 'golden rule' is grounded in the primary thesis for owning gold. Gold is a bet on disorder--whether that disorder is narrowly monetary or broadly social in nature.

Sadly, people tend to figure this out only after this disorder is well underway.

position in gold