Gold continues to shine brightly

Get money managers together these days and one topic still dominates the conversation: Gold.

A recent meeting of the CFA Society of Naples was no exception. At the annual confab of money managers, guests heard panelists warn that high gold prices mean problems with the U.S. economy and the U.S. dollar aren't over.

“Gold is rising relative to all the currencies we track,” says John LaForge, who heads the commodity team at Ned Davis Research in Venice.

In particular, the rising price of the precious metal says investors continue to worry about debt levels in the U.S. and elsewhere. “We're well on our path to higher numbers,” LaForge says.

The U.S. dollar won't remain strong forever, warned Louise Purtle, chief strategist for CreditSights and a Naples resident. “That's what gold tells us,” she frets.