Kramer allegedly made his bones as a hedge fund trader ... he had an ability for what to bet against that did not translate into what to bet for.
I don't know where gold is going, nobody does. The current trend is to use gold as a store of value instead of dollar-denominated assets, such as US Treasury Bonds.
The World is looking to diversify away from the dollar, but have not identified any potential replacements for the Dollar as a reserve currency.
Increasingly, the Treasury is rolling over debt into shorter term bonds to pay a lower rate of interest, but, this also makes them more vulnerable to an inverted yield curve and a credit crunch as they have to refinance a growing debt more frequently.
