In an era when US dollar, Euro, and Yen are competing for 'which is the worst currency', and when emerging markets are suffering from high inflation and asset bubbles, hold on to your gold. 

Long-term investors should not worry about the ups and downs in the short term.  Until real interest rate turns positive, don't sell.

Here are a couple of very nice charts from Dr. Yardeni.  Click to enlarge.

It's the extraordinary time that makes investing so exciting…