diatribe re: gold , gold , gold , gold ..... Diatribe I wonder...

diatribe re: gold , gold , gold , gold ..... Diatribe I wonder if you can visualise this. Just chasing your thoughts:
Oil at $80+ per barrel! No doubt if it has gotten this high then the global realisation is that we have indeed passed this theoretic point in oil supply history called Peak Oil. Which also means an oil induced coma has easily be induced on global economic activity! In theory no more oil in significant quantities can be found cheaply! I can't see how can gold have value in that world! Notice big players starting to offload gold inventories! Institutions are beginning to see the post cheap oil era! The assumption with gold as a safehouse has always been that dark times would be proceeded by good times! Your comments please?