central banks buy gold, page-26

Gold has returned an average of about 20% per year for the last 9 years. The graph being linear should show an actual rate of return falling slightly, but if you apply standard equity analysis principles to it, it represents the most solid investment over the decade.

No other investment class has had better and more consistent returns. This is despite it being talked down by many. A few years ago people were calling it down. Earlier this year they were calling it down. It just doesn't behave like some want it to, does it?

I expect that people like Menta will still be calling the top in gold in a few years time as well. Better to be right and sit tight.