This from Bloomberg Weekly:

By Glenys Sim and Gavin Evans

May 31 (Bloomberg) — Gold headed for a second monthly gain on speculation that Europe’s debt crisis will stall economic recovery and bolster demand for the metal as a haven. Palladium was poised for its first monthly drop since the end of 2008.

“Gold’s fortunes are fluctuating daily in accordance with waxing and waning investor sentiment with respect to the European debt crisis,” Gavin Wendt, senior resource analyst with Mine Life Pty Ltd. in Sydney, said in an e-mail. “This situation is unlikely to resolve itself any time soon.” More here: Bloomberg

Gold continues to be a hedge against the madness of countries that create more debt than they can handle. Do you have solid, safe bullion?