Guys, for the sake of your own investing future, prepare yourself for soul destroying falls. There's way too much bullish comment here. Judging by the slavering some posters here wont survive the next few years. Gold is going to rocket up, collapse, rocket up again, collapse once more, sit stagnant, go ballistic again, etc.
For goodness sake, dont buy into significant price rises like we've just had. I was there buying into USD730 in early '06 - chasing the smoke plume upward in one glorious parabolic arc. What an idiot. Ive learned my lesson & haven't looked back.
Wait for the inevitable calamities & then buy with conviction. When I say 'conviction', I mean that you actually believe fiat currencies are a significant risk. Really believe it. No, really...