My interpretation of this article is that the Gold price has much farther to travel ($US1000 is very possible) and that is why cash is being ploughed in at such an incredible rate.
This fear (and although not fully blown yet - greed) in my opinion is completely rational given the massive uncertainity in world markets, US politics, US housing, UK housing, oil supply & demand, geopolitics and true inflation.
IMHO etc etc
CB
gold investors should read this one carefully, page-3
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