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Actualy, I believe gold favours deflation over inflation at least that is what history tells us.

Abolish the IFM and the World Bank! http://www.beeland.com/abolish_the_ifm_and_the_world_ba.htm

40% of Brits blame Americans for credit crisis More than a third of Britons blame the U.S. for the financial crisis and economic downturn, according to a survey, and three-quarters say they have little or no faith in banks. The research, by advertising agency McCann Erickson, found almost...

Yeah, Rogers is long airlines and Soros sold all his airlines...:D They must hate each other badly.

HSBC is one of the safest banks in the world right? Stock only down 20% or so thats amazing in these times.

Agreed. Rogers is tiresome these last months.

Hope it goes down and buy more.

This is correct. Before 2012 the White House will be moved to Brussels just as the statue of liberty moved from France to NY.

Who ever becomes the new powerhouse of the world, europe will manage to sneak along for the ride I hope.:)

True and I am glad to have had money in SRS and SKF.:D But from a fundamental medium to long term view I like gold. Trade in other assets and put the profits in physical gold is my play.

Jim Rogers sold out of all emerging markets in 2007 except China where he hasnt sold a single stock and plans to pass them on to his daughters. Investor <> Trader Schiff got killed on the commodity currencies but who knows what the future brings.

Schiff is all about devaluating currencies, some more than others so buy gold. I did and I'm up 10% on that so go Schiff.:)

Yeah, Jim Rogers says if China don't fix their water problem next 5 to 10 years, it's game over for them.

Gold outperformed every asset class on this planet this year (besides $ and Yen and those had nothing to do with fundamentals but was the carry trade unwinding).

How much of the new government money did they already spend today?:D

The world needs a clean sheet and they have to offer the creditor nations more political power etc in return for default on (western) debt. They will accept it as they know their holdings will be inflated anyway... Then we can start over. Maybe add some real hard currency to it and we will...

Goldman, Morgan Stanley May Want Citigroup, CreditSights Says Nov. 23 (Bloomberg) -- A purchase of Citigroup Inc. would “significantly” add to Goldman Sachs Group Inc. or Morgan Stanley’s earnings as long as the U.S. government absorbed losses on the embattled bank’s assets...

There is a joke (?) about what the president said after being showed the empty gold vaults. "Double the guard."

Why don't they nationalise the rating agencies?

They will just print the money, right?