Swiss francs?

This is what scares me.

I have lots of exposure to Au, perhaps too much.

I think sooner or later the world will rediscover the timeless value of gold as a monetary asset, so it is wise to have some exposure to it.

Because saving and safe investing is forcefully discouraged, people look for those riskier investments. Bitcoin, art, wine, high yield bonds, angel groups, stocks and options are very popular. An that's what concerns me. But the tide is very very very high so like most I'm well invested and ready to change before the tide changes. Good luck.

Thanks, straightlinelogic. Prices had declined, and then rebounded. Many in the Gulch do have a significant exposure to Au, and I don't want to get caught surprised. I bought the Au as a hedge against hyperinflation of the dollar, and now Au itself seems unreliable. Where do I go to have a fiscally sound asset?

Mr. Brenner,
Markets have been anticipating commodities unwinds from the Chinese situation for several weeks, so prices have already declined. There may be more selling ahead, but the bulk of it is probably out of the way. Unfortunately, this will operate as a margin call in China and beyond, and margin calls often cause selling in other than the market of the initial margin call as traders indiscriminately sell other assets to raise cash. That is the danger of this developing situation. The danger is particularly acute when the same collateral is pledged multiple times. Such rehypothecation is disturbingly routine in many markets, including bond markets, and was one of the reasons the Lehmann Brothers situation unraveled so quickly in 2008, and why it had a global impact. Given that global debt is higher now than it was then, you can see the potential for disaster.

Straightlinelogic, you have presented several news items like this China port-Ponzi-probe over the last few weeks. How do you think this is going to affect metals prices and to what extent?