Gold at $670

Not sure how many of you saw Gold close in the high 6's today.  I always get nervous when gold goes up. I invest in gold for the same reason I invest in domains.  Its an asset that most people hold out to ridicule.  The characteristics of gold and domains are not aligned of course .. one exists on a15 year old network put together with politics and electricity to connect people of the world...  the other has been around for thousands of years. Its a very easy trade for me trading clicks on a 15 year old paid search network for a metal that's been around since Christ was a cowboy. I like anything that 'smart people' tell me is not a good investment.  THAT'S when I know there is possibly value there (to be successful you have to Zig whe people Zag). So today I like gold cuz I own it and yet I dislike gold because it means everything else I own that is denominated in US dollars (the settlement currency for oil) just went down. I hope the govt. gets the courage to raise rates in the face of rising inflation..  rather than using hedonic BLS adjustments to pretend it isn't there. Short of that -- I hope I get to buy some more domains cheaply, or that gold retreats to the high 500's. that would be the true harbinger of 'real inflation'.