"Perception of value is assigned by humans. Given that gold has less industrial value than say copper or oil I believe it to be more vunerable to the whims of cultural perception than other commodities."In that case, you may want to consider SILVER, which has heavy demand from dozens of industries, and is in extremely short supply today. Some say there is less silver above ground than gold, yet despite the recent rally, it is still only 1/60 the price.
It's a good suggestion and one I've been looking at but I've never had a good feel for the silver market. In October and November I unwound a fairly long term bullish position on copper as well as oil both which I seem to trade better than silver or gold.
So I've got some money looking for a home but I thought I'd hang out in cash for a bit and see what happens with bonds.
But I'll continue to keep an eye on it, thanks.