it's going down the toilet, page-103

I love seeing the completely devoted on either side of the arguement.

Gold going to $20k ive heard AND gold going to $250.

Both designed to enforce greed or scare people.

Gold is an anti-inflationary measure.

Now people are saying 'why is gold going down when americans and japanese are delibrately inflating'.

Well lets look and see:

Gold has risen from $400 to $1600 in the last 10 years.
Inflation in america has been steady at 1.8-2.25 last 10 years, or when compounded, a total inflation of 24.9%.

In other words, gold has SMASHED inflation. Consistently.

Does this mean its a bubble? No.

Let me say that again, No.

While gold's primary purpose is to be anti-inflationary is also has a supply and demand factor too, some gold is consumed but most is just stored.

Global GDP (or a measure of wealth) has increased 3 fold since 2000. This accounts for the rest of the change.

Gold will probably fall further from here but given the above information $1498 would be its true price if the market was a static, non-human driven machine.

Given that people also factor in growth potential it will probably stay above that mark.