"The reason gold boomed leading up to 2011 was only marginally because of economic factors, the main reason was because it was in a mania, gold was going up because gold was going up. Suckers got cleaned out, big time, and if you search the internet you'll find plaintive letters from those that lost the lot."
The mania you describe sounds a lot like the Australian housing market today.
Gold has corrected since 2011 and the trend is up IMO. House prices on the other hand...
IMO now is the time to downsize the digs and buy gold - it doesn't age, doesn't need repairs, can go anywhere with you, and is undervalued rather than in a bubble...
$1300 level by April, page-201
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