Your last sentence is quite correct. Other asset classes will be sold to fuel the final leg (still a long way away) of the Gold bull market when the market will be driven by "fear" rather than "greed".
I have been long Gold since late 1999 and have not closed one Gold position in the last 4 years. During this period I have added to my Gold stock holdings during "dips" on 6 separate occasions and will continue to be long into the forseeable future.
There still appears to be a relatively low % of people holding Gold stocks. This indicates that the Gold bull still has some distance to run until the general population "wakes up" and rushes in to fuel the closing stages.
Remember that the volume of money required to move major Gold stocks is quite insignificant when compared to other market sectors so I forsee some quite violent price movements when the action really starts to "hot up" and money pours into Gold stocks down the track.
