Stories Like This One . . .

. . . leave me feeling that Felix Zuluaf is right about gold bullion on two counts.

First -- that gold bullion is insurance against your central bank doing foolish things (and he pointed to people in Iceland seeing their paper currency fall by 70%).

And second -- that the time to buy gold bullion (if you do) is when the price falls back to between $700 adn $600.

In other words, not now with everyone being so bullish about the metal. And this ties in, more than not, with the views of John Dizard, who's recent column on gold I linked to last week.