Interesting Note on the US Trade Report

One interesting tid-bit in the US trade data, which came in worse than expected today.
The trade deficit widened $3.2 billion in November from October. Of this, $0.5 billion was in nonmonetary gold and $0.7 billion was in artwork, antiques and collectibles. So Americans are importing more things that are stores of value, meaning the trade deficit change is somewhat overstating the borrowing we are doing for consumption.