1. Money has a dwindling value and gold will rise against it year on year - especially so in inflationary cycles.
2 Gold cant go back to $800/oz (that's the total costs of an average miner in 2008) otherwise the mine output will be affected which will slingshot gold over $1,000/oz anyway.
3. Only a certain amount of gold is produced each year - we wont likely see an over supply as we do in base metals.
4. So POG should be in a range but remain close to and above AUD $1,000 is my guess near to mid term - until the next leg up as the 100's of millions of new Asian middle class start progressively buying and create a significant supply deficit.