RE:Is gold on a brink of collapse?Gold is usually considered a good hedge against inflation, but not necessarily high interest rates.
When someone can get a risk-free one-year U.S.T-Bill paying over 5.00% interest, they are less likely to buy gold bullion that pays no yield at all coupled with higher risk (i.e., the price of bullion could go down).
I think trying to predict when the price of gold will jump to 2,500 or higher is a futile exercise. A better way to go about it is to assume gold prices will stay around where they are now and see how the economics work out re. the company(s) in which you are invested, keeping in mind how well management has executed to date, any potential future roadblocks (e.g. project delays and/or rising costs to get to first pour), etc.