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Gold Rally Is Short-Lived

What is happening with the PM's is that the realisation is dawning that there is massive overcapacity in the economy, that inflation is still years away and that in the meantime cash is king.

Gold and silver could fall a bit more in the short term.

Why I Got Gold Wrong

"Islamic law more-or-less mandates that gold be used as money".
Factually incorrect.

Islamic Law proscribes lending-for-interest/u...
Islamic Banking provides for risk-and profit sharing instead. In hindsight, a lot less unstable than debt securitization :-)

The author might also think a little deeper about what he calls "false and chimerical" in the belief that somehow gold is money after all.

Please, SeekingAlpha editors, when will we get that article-rating option??