Why all this excitement about gold? In real terms it has gone absolutely nowhere. Sixteen year highs? Huuhh? Just allow for ONLY 2% inflation from 1993 and gold has to be 25% higher. In 1993 gold hit AUD$590. Add 25% and that makes $740. Gold is now only $568. In February 1988 gold was over AUD$600. $600 then, adjusted for ONLY 3% inflation takes you to nearly $1000. Gold is only $568. This is an absolute farce. Who's trying to con who? Gold has done absolutely nothing.
