people dont believe the price surge will last, page-8

The original post started the discussion about what we are all going to do with our gold/gold mining shares when things settle down. Now there is definitely a rush for all things golden but who really believes that gold will become the major world currency? Central banks will work to make sure that never happens.
Many older investors got burned in the 1980s when gold crashed. They will want to avoid this happening with their retirement money. Hence the dislocation between the gold price and lagging share price for gold miners.
So in the shorter term we all agree that gold will rocket. Then what? Do we all believe we can bail $5 an ounce from the top? I guess we probably do and at least some of us will be disappointed but that is the way with the stock market and bubbles in general.
In the past week two friends, unlikely share investor types, have asked me how to get into the market. One even says he wants to "trade" for a living because he thinks he can make so much money. Things might be heating up.
Oh well, only time will tell.
As for the Chinese saving our bacon re: gold, my experience is that they are savvy business people who rarely back losers.