Investors who should be looking for safe haven are, oddly, convinced that Washington will honor its long term fiscal obligations. That false sense of security is dangerous, because we are vulnerable to a crisis of confidence in the dollar.
There is little evidence that adding gold to a portfolio improves diversification or provides a hedge against inflation in stock and bond portfolios. Here's a suggestion for an alternative investment that may be superior to gold.
The recent State of the American Dream Survey by Xavier University's Institute for Politics and the American Dream shows a predictable overall decline of faith that the American Dream can be achieved in our time.