The multi-billion dollar bailout of Greece was greeted by a sigh of relief, but what does it say about the euro currency and the possibility of more bailouts to peripheral countries. Given the relative strength of gold recently, it would appear that people are beginning to look at the metal more as a hedge against currencies than merely an inflationary hedge. I think it prudent to add to our already significant position in gold, and I am doing so today with the addition of Newmont Mining (NEM).
