One way bet: gold, up.

That is what says Dr. Steve Sjuggerud:

"Fortunately, the Fed is not hiking rates, and with the recent (reported) inflation numbers at 40-year lows, it doesn't appear that Greenspan will raise rates for a while.

Mainstream investors still aren't (though perhaps not for much longer): gold.

With interest rates close to zero, gold actually poses competition to paper money...

When given a choice between government-printed paper money paying 5% interest, and gold paying no interest, most folks take the paper money - they figure it's a risk worth taking.

But when the government-printed paper money pays no interest, and the government behind the money is in debt somewhere between $80,000 and $400,000 per household in America, then gold looks more attractive.

Right now, the government does not look likely to raise interest rates in the near term. And based on that, gold will continue to be a one-way bet - up!

The "one-way bet" is a simple idea... if inflation is dead, the government will print money to create inflation (really to prevent deflation), causing the price of gold to rise. And if inflation appears, gold will rise even more, as the dollar continues to fall, until the Fed seriously starts hiking interest rates multiple times.

There is plenty of room for gold to move higher, even though it has already moved significantly. Triple-digit gains are still possible."