"Everybody wants an answer to the question Marc Faber asked on yesterday's site. Namely, what ONE ITEM would you put your money in -- an item not to be touched or changed for the next ten years.

My answer -- Gold coins. Why gold? Because the way things are going, the way the US deficits are growing, the way China and Asia are 'coming on,' I don't see anything that I could truly trust to be 'there' in 2015. The US could be booming, the US could be broke, China could be a Superpower or a basket case. The world might be in peace or it could be in war. Anything could happen and probably will.
But I feel certain of only one thing -- gold will be wealth in 2015. Yes, gold may not be the best investment over the next 10 years, but it I will bet that gold will be there. And it will be considered wealth. In my mind, I can't say that with certainty about anything else.

So it's gold, baby, the time-honored, immutable measure of wealth, the untarnishable yellow metal."

Richard Russell, Dow Theory Letters

Robert Rubin bearish on dollar - (FX Street) Former Treasury chief says "deficits could get worse instead of better" and dollar could fall more

They're ganging up on the dollar - (Inside Bay Area) China is getting antsy on the dollar. If Bill Gates - who recently announced he was short the dollar - put his entire $46.6 billion fortune into financing the U.S. debt, it would amount to only about 25% of China's holdings.

Stock bear market could extend to 2006 - (Rochester Democrat & Chronicle) Read here the portents lining up for strong downturn beginning soon.