And away we go?

Gold knuckle-busted it's way through the $1000.00 mark today for the first time since February, but also to the highest level since March, 2008.  As I've written about in my newsletter, there are several common belief's regarding gold's persistent ebb and flow to and from $1,000.00 per ounce.  There's inflation, currency devaluation, fear, stupidity and just plain silliness.  But one rarely reads about foresight and pragmatism.  On any given day, one, some or all of these are causes for gold's herky-jerky demeanor.  But foresight and pragmatism, that's a novelty.  How about maybe it's just time for people, real people, to begin to maybe understand the risk inherent in putting your faith and financial future in a piece of paper that the issuer of such paper can, and has, opted to devalue for the better part of three-quarters of a century, rendering its buying power to 1/10 of its past level (circa the 1930's) and impoverishing millions of Americans due to profligate and irresponsible monetary and fiscal policy.  It is quite UN-surprising that the media at large ( the emissary for government propaganda) would lambaste and demean the decision of millions of Americans who are buyers of gold now but never had before.  Be careful to be gold-less.  A 10% allocation to gold and other precious metals (check out silver) is not terribly risky.  If wrong, a 20% decline would mean a 2% decline to your overall portfolio value.  But, if the gold uber-bulls are right, then a doubling or trebling of gold would have a significant impact and just might make the difference in your monetary future