Flight to gold as investors lose faith in money
“Does anybody now take the dollar, the euro or the pound seriously? People are turning to gold because it is the only hard store of value”.
“Prices are now rising 14 per cent in Qatar, 10 per cent in the UAE, 13 per cent in Vietnam and 6.9 per cent in China. The pegs are near snapping point. Bretton Woods II is dying.”
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/01/06/ccgold106.xml
