Is gold set to replace paper money?

The majority of investors have realised that gold and precious metals are currently a 'hot' sector. But most also believe that after a stellar rise, the yellow metal will eventually crash back down to earth, says Justice Litle in The Daily Reckoning. But what if it doesn't?

A few nights ago, my wife and I were at a dinner party, and Cassie (my wife) happened to be seated next to an ex-investment banker (currently a business consultant, used to be an investment banker). Before long, the conversation turned to the Gold Cruise and the fact that I was scheduled to give a talk on gold.

His response was immediate and enthusiastic: "Oh wow, that's great! Gold is really hot right now! Precious metals are the place to be!"

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