Bookkeeping: Adding Gold (GLD) Exposure

Gold is making a classic breakout this morning to new highs for the year - and all time (nominal) highs.  I am showing the chart of the gold etf below since stockcharts.com does not have real time charting for the commodity.

I've added a 1.1% allocation to our gold holding, Powershares DB Gold Double Long (DGP) on the breakout.  For newer readers, I do not think gold strength at this moment has one iota to do with inflation and everything to do with a global race to the bottom with fiat currencies.  As our debts grow ever larger, the path to monetization of debt - and thus destruction of wealth of savers - by central bankers worldwide is growing clearer.  I believe this is what gold is telegraphing.

Long Powershares DB Gold Double Long in fund; no personal position


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