By expanding the $ supply our Fed forces people into equities and scares them out of hording cash, which is what's going on right now. Its simply political rat fucking of mice we all are to them.
The most interesting thing is that currency experts (bloomberg) are recommending a stop loss on $/Euro at 1.30 and your gains at 1.45 so they don't even have a solid recommendation. The reality is that Europe is expanding their $ supply as well.
As for gold... traditionally, especially if you're a fan of Ayn Rand you should buy the shit out of it right now. But seriously what can you possibly do with gold? Is it really in demand for something useful?
http://en.wikipedia.org/wiki/Gold#Applications I mean read up on all those uses for gold and if I'm sitting here with silos full of grain and water and you come to me with some gold plated speaker wires that have debatable superiority I think I'm going to laugh and trade with some guy who can give me something I actually NEED. I think gold as a medium of exchange became useless a century ago. If you want to invest in a commodity, I'd look at one like copper for all these electric engines we're going to be producing, BUT at the same time the run on copper during the building boom inspired new composite water piping that is being phased into building codes all over the world, thus decreasing the demand.
Bottom line is no one tops the USA in production. We work 80+ hour weeks, rarely take vacations. If Obummer wanted to help our country he should have given us a 2x tax credit for every employee we hire. Imagine if you could hire some programmers / desginers / traffic&marketing for $100k a year and get 200k off your taxes (assuming you're balling at that level) it'd encourage vast investment in production and unemployment would be ZERO. Instead we blew all that $ where? who the hell knows. Its honestly fine by me because each time we Ghetto $ into a hole it just erases more of it from the $ supply. IN reality do anyone think after our dip shit government spends a trillion $ we'll have anything to show for it??? not a god damn thing, hold your $ but rather invest in production if you can find something that sells regardless of the economy. (toilet paper? efficiency products? etc)