I agree all the numbers stack up. Most players seem glaringly...

I agree all the numbers stack up. Most players seem glaringly cheap as long as this isn't some sort of gradual move away from the 'gold standard' and a longer term reduction in the gold price.

My main concern with gold is that I am just not really sure the world needs it as much we need oil for energy at this point in time. Probably the best risk-aversion hedge still (considering where bond yields are at) but we now know there are better inflation hedges.