…
FYI: “2012 should see more trouble from Europe, and therefore potentially more dollar buying,” says Peter Schiff — who now sells bullion in addition to running a brokerage. “But,” he cautions, “what is important to understand about these circumstances is not the scale of the moves but the direction of the trend.” Even with the dollar riding high, “it’s still down over 30% over the last decade as measured by the generous US dollar index,” says Mr. Schiff. “Gold, by contrast, is up over 350% in that period!
