From Daily Crux Editor Brian Hunt:

As much as I like the Wall Street Journal, I have to say the paper is completely "gold ignorant."

For proof, have a read of their latest bear piece on gold. The article paints gold bulls as paranoid lunatics worried about runaway inflation, civil unrest, and a dollar collapse. It claims gold is a lousy investment.

What their journalist doesn't understand is that gold isn't really an investment. It's money. Real money. The journalist also doesn't understand gold is rising because smart investors are buying it as a sort of "third currency." An anti-paper currency that governments cannot debase on a socialist whim.

I enjoy reading articles like this. The more ignorant the public is of a bull market, the longer it has to run. And I'm long.

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