Fair enough, but I don't necessarily agree. I don't think as...

Fair enough, but I don't necessarily agree. I don't think as much money has gone into gold for 'safe haven' reasons as everyone believes. I think a good portion of the smart money has gone in in view of the upcoming currency devaluations. A number of countries already have negative real interest rates and I'm pretty sure a few more will join over the coming 6-12 months. The effects of which will be highly in/re flationary, providing another impetus for holding gold.

I do however agree with the $A point.