No worries. I always get a bit concerned when everybody is thinking the same way, and look for what could go wrong with the consensus view. With gold:
a) deflation - as I've said, this could lead to a fall in the fiat value of gold, but not as much as everything else, and
b) FOREX. For investors in Aussie miners it is only the POG in AUD that counts. All the commentators that you mentioned are talking POG in USD, and are anticipating the rise in POG will be a reflection of a drop in the USD. As Oz has no govt. debt and a strong raw materials export market our dollar could hold up really well in a competitive devaluation. You could see the POG double in USD, but rise only 10% or 20% in AUD.
We are living in interesting times for investors. A US crash of unprecedented proportions is about the only guaranteed thing at the moment, IMO. The results of that are not so predictable.
