Spandau Ballet

Recently, the stock market reached a new high for 2009.

Amidst the global recovery (of the stock market, not necessarily of the world economy), one metal has been shining - no pun intended. We're talking about gold. Gold has gone past the $1000 mark and is - according to experts and analysts - to continue its upward flight. Unfortunately, its performance is inversely related to the US dollar.

The dollar has continued to drop, due to concerns over the long term effects of the government bailout and inflation fears. There's also rumors circulating that some of countries round the world are considering dropping the dollar. Where there's smoke, there's fire. If that happens, then a new world order will be - err - in order.

Unfortunately, in the Philippines the closest a retail investor can get to gold is gold stocks. There's no exchange for gold, even though our country has some very good gold deposits. Buy jewelry? Word on the street is that jewelry shops don't buy back jewelry anymore.

If I'm not mistaken, Philex went up even before gold went to its current levels. And now, that gold is this high, Philex is.... flat at 9, falling through the roof from a high of 10.50. Sell on news that gold is high? Haha.