If you don't mind I'm interested in your reply and I'm not looking for an argument.
1. I notice you've side stepped the fact that Prechter who you happily quoted was also advocating holding some gold at all times. what do you say about that ? why quote him if that's the case ?
2. Also when gold hits USD$650/oz, in the context of Prechter's rising USD and sinking global market analogy (with the DOW as low as 400 and oil as low as $10/barrel and commodities going to zero ) - can't you see that it may actually coincide with a gold price of AUD$1500/oz .. as the commodity based AUD sinks to 30 cents to the strong USD ?
3. We're not in the USA and US$650/oz gold price may translate to AUD$2,000 /oz.