i also believe it's reasonably safe to say it's a "bubble" which at some time in the future will retreat in price as the markets improve.
remember people have fled to this market because of worsening market conditions, not because of a shortage of gold in the market. as soon as they see things improve many will jump out of gold and perhaps into something like oil which has taken a hammering recently and there's plenty of distressed shares in that sector.
so all i'm saying is don't get yourself way over your head and keep a close eye on market data.