Golden EraWe might here in the news that gold is hitting new highs, but if you adjust for inflation, we are still no where near the peak of January 1980 (about $2500 in 2010 dollars).
As long as the Chinese are converting their US currency reserves to gold and trying to better back the Yuan with gold, gold prices will rise. We will really see a spike in gold prices when the US T-Bill crisis hits the fan and confidence in the US dollar falls.
We are just in the begining of something big.
Lucky