Investors continue to view gold as a substitute currency to preserve purchasingpower and as insurance against potential monetary turmoil (e.g. inflation).
The Fed should be mandated to follow a price rule conducting monetary policy in accordance with sensitive market prices, such as gold and other commodities, maintaining the purchasingpower of the dollar without inflation.
Adjusted for variations in purchasingpower parity, the ascent of emerging markets is even more impressive: the International Monetary Fund forecasts that the total GDP of emerging markets could overtake that of the developed economies in 2014.