Given the dual threats of Iraq/'Axis of Evil' and SARS, safe-haven demand might be expected to increase dramatically at any time.

With the SNB already seemingly running out of conventional options to keep the CHF at a level acceptable to Swiss industry in the face of increasing safe-haven demand, will we see more safe-haven flows going into gold?

Looking at the value of gold vs USD, CHF and GBP, it seems to me that gold would now be a safe investment AS AN ALTERNATIVE to CHF. Any views?

For anyone interested in the price of gold against world currencies, try:- http://www.sharelynx.net/Markets/Charts/GoldCurrency8.htm If anyone knows of a better site, please let us know.

Slacker, thanks for the chart. Long, likewise. I expect to stay long for 6 to 18 months - an upward but bumpy ride.