All valid and rational points Adwebster.Maybe the bears really...

All valid and rational points Adwebster.

Maybe the bears really think there is just more gold out there circulating than cash, akin to when Mansa Musa went to Cairo in the 14th century.

The effect of this sudden glut of gold on Egypt was an inflation still observable 12 years later when al-Umari visited Cairo and recorded much of what we now know about Musa and Mali.

http://www.answers.com/topic/mansa-musa

Cheers