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not to mention gold bouillon, gold coins and gold jewelry. economist and professor at the university of maryland school of business and of course any conversation about gold should be prefaced with those who say it s already had a good run. peter, you know the fundamentals of this, tell me why is gold around the world rallying so strongly? the poor finances of the united states and european governments. you know, the united states is almost in as much trouble as the europeans are budget wise. now if we keep borrowing a lot, say, a trillion dollars a year, our debt will get to the point where long-term interest rates will rise, instead of treasury securities paying 4%, they ll pay 7%. if you buy a treasury security today at 4%, and five years from now they re selling at 7%, the security you brought today at 4% is going to be worth a lot less, and you really can t hedge against that with any asset the

School of businessUniversity of marylandPeter mariciTell me whyTreasury securitiesInterest ratesBudget wise