HereWeGo,
There has been inflation all over the world in the last 3-4 years, not only the US. Housing and real estate has jumped multi fold in US, Australia, Europe & China/India. There has been inflation in stocks and general living standards throughout the world. Do you have any data to prove that inflation has been tame for the last few years? By tame, do you mean the govt inflation numbers that excludes housing, food, energy? and as always, speculative investment has come into gold in the last year or so to add the push to the price. I am not justifying lofty gold prices, just explaining why they are where they are.
Everyone in the US should hold cash in a portfolio of gold/euros/aud/yen along with dollar. Simply put, why should we pay for the stupid fisccal policies of this govt spending billions on war? BTW, dollar weakness adds to inflation, as being the biggest consumer, we import so much of natural resources from around the world. What is the range you are looking to enter in gold?
