Last week we saw Morgan Stanley come out and make the announcement that they use gold as the marker for the dollar, for inflation. The World Gold Council just released a report that shows the correlation between gold and interest rates is growing dim, but gold and the US dollar is tracking predicatively. This is a short term analysis, so it is unsure if it is just shifted due to the chaos and volatility in the markets. It certainly lays credibility to the notion that gold still plays a massive role in global finance. It reminds us of those countries like China that keep their gold; Russia who have bought large quantities to become the 5th largest holder; and other countries like Germany, Italy and Turkey calling in their gold from 'safe keeping' in the US.