Welcome to the bandwagon, Bill.

Bil Gross believes that the US will lose its AAA rating within 3-4 years, something I said when the details of TARP first emerged. Of course the credit rating agencies will be a bit scared to eradicate the concept of "risk free" as we know it, but like Mr. PIMCO said - the downgrade will be priced in regardless of what the ratings are on paper.
Jay-Z and Giselle were too quick to switch to Euros in 2007 (unless they cashed out between April and July of 2008), but now might be a good time to consider what currency, if any, you want to hold in your bank account. Barrels of oil and gold bars might not fit in a wallet, but they won't evaporate either.
Note: While I think Oil's run-up is fully merited, I would take some profit now and leave it on the sidelines until an inevitable dip that leads to another buying opportunity. The curve is still contango, but a lot less steep.

clipped from ftalphaville.ft.com Bill Gross, manager of the world’s biggest bond fund, warned on Thursday the US was “going the way of the UK” and will eventually lose its top AAA credit rating - a fear that had already spooked financial markets on Thursday and could keep the dollar, stocks and bonds under heavy selling pressure, reports Reuters. The US will face a downgrade in “at least three to four years, if that, but the market will recognise the problems before the rating services — just like it did today,” said Gross, co-chief investment officer of Pimco and manager of the Pimco Total Return Fund, which has $154bn in assets. clipped from www.usnews.com