RE: XAU:GOLDYou got it right on PMP, inflation or deflation? Sinclair is busy sending email on Gold to 1200 and 1650 is now but he has been saying that for God knows how long, he'll be right eventually, I am sure but will I live long enough to see it is another question. I have some Maple Leaf 1oz gold coin which I bought back in the early 80's (see I bought gold long before some of you even heard of it) but to be honest they were my worst investment even when Gold was above 950, not even a double if I count in exchange rate difference...let alone inflation during all these years.
If you ask me what was my best investment during the past 30 years ....Real Estate in Vancouver, ERTS (Electronic Arts) bought this because I was a fan of Origin's Wing Commander the pc game and my family.
IMO, there is a new cycle starting to happen here, it will be a whole new ball game once Obama is elected.