the fundamental reason for gold colapse stop paying subscription to crackpots urging you to buy gold. surely , some got the bubble right, and that s a talent if you recognize the bubble as such .
Gold went from 300 to 1900 due to what ? significant inflation ? no way . oil increased too , but the demand increase is genuine form china and emergings. there is no inflation , there will be no inflation . One cannot erase debt by inflation , since in modern economies sofisticated investors could hedge against inflation . Once you accept there will be little inflation , then gold going from 300 to 1900 in 10 years makes it one big moster bubble. GOLD BACK TO PRODUCTION COST OF 700/OZ.