Sorry parrot, the WSJ disagrees in its latest paper.
"Since 2001 gold has surged 18.8% annually, while the CPI has risen just 2.3%. To restore their historical relationship, inflation would have to rise by 8.3% a year for the next 20 years to justify current prices. If inflation were to rise by its average since 1968 of 4.7%, gold would have to drop 3.6% per year for the next 20 years. This latest gold craze is way overdone."
In an article in the FT recently one of the conclusions drawn was that gold could be overvalued by up to 70%.
