Where to? Perhaps more into the euro and yen, but as you say there is likely to be a further increase in holdings of gold and silver.

With the possibility of a serious period of hyperinflation (or even stagflation) as a result of the huge injections of liquidity into the global financial markets, the idea of is evere more compelling.

And this idea is given further weight when you say that now Goldman Sachs has taken a net long position on gold.

Well, I think that if you’re in serious debt, you should get in touch with a company which provides expert debt advice on various solutions to become debt free, and which doesn’t take any money for it, like a not for profit organization.
http://www.debtadvicetrust.org/debt/debt-advice.html

Their passion and need for Gold is unsurpassed anywhere on the Globe.
Gold is presently unatainable for most at present prices even though Indians ‘literally’ acquire it ‘over generations’. Fine Silver is about to become ‘the new gold’ in India. Whether plated with the yellow metal or not, Silver is logically the ‘next best thing’.
India has been hoarding VAST quantities of Silver since 2003 and will no doubt speed up that process. We must remember that cultures such as India incorporate ‘precious metals’ into their very existance and that isn’t about to change anytime soon…..

The USA is hoarding as well, but as you noted in several postings, much of it is NOT physical metal. It is my opinion that there will be FAR less Millionaires in the US of A than you realize, once the preverbial hammer comes crashing down…..

/Joeman…