I don’t know so much about gold. I know its value is affected by the value of the dollar and US inflation, but didn’t know it’s affected by our GDP. But even with regard to the money supply, I have a question: since the Federal Reserve is just printing more money constantly, how is the price of gold affected? M3 has been growing at a faster rate in the last year, right?

Gold investors like Eric Janszen and Peter Schiff think gold will rise to thousands of dollars per ounce when the US dollar finally collapses.

Besides your method jg, is there any way to measure the value of gold? Or is it just set by supply/demand of jewelers, industrial companies, and investors?