Roubini Contradicts Himself On Gold

Roubini attended the conference in Moscow at which Nassim Taleb said that "every human being should short US treasuries and the dollar" and that it is a "no brainer". Roubini, who was, given his monetarist background and hopes to become the Federal Reserve Chairman one day so that he can make more money and hit on more girls at the parties he throws before posting the pictures on his facebook page, bashing gold a couple months ago said that the dollar is going to "weaken against Asian and "COMMODITY" currencies". Let's go through the logic, so you don't miss what he is saying. He is saying that US dollar is going to weaken and countries that produce commodities will see their currencies go up because their economies will be doing well due to rising commodity prices. Hmmmm... Mr. Roubini, would you like to admit the real reason you were bashing gold? Because you were trying to impress anyone to consider you for the Fed presidency in the future? Or because some other monetarist people, possibly at the Fed, asked for your help since their efforts to manipulate the gold price through Comex is very expensive and not as effective as they want it to be? The same way they asked George Soros to do the same. Mr. Soros seeing that the Federal Reserve was about to stage a big attack on gold shorted the gold and jumped on the bandwagon. I don't blame him, but you have to think twice before you believe anything Mr. Soros says next time. He is a smart guy and he gets the macro as evidenced by his book, The New Paradigm, but he can be conniving and dirty as he was when he was attacking the pound and the Asian currencies. Given all the lies and other dirty stuff, the best thing to do is to put at least 20-30% of your wealth into gold. At least as an insurance. This is a longer term investment of course and the Fed will delay the pay-out, but the later it comes, the bigger it will be. Compounding works both ways.