sdbear, I agree with your fundmantel analysis on gold. But if dollar gets devalued, foreign governments can’t own US real estate as part of their reserve. The world needs a reserve currency. Euro might take up some, but Gold is another natural choice. That’s the long-term case for Gold.
Right now I think that gold’s price is being helped by a lot of speculative interest. I read that gold index fund itself becomes the marginal demand that pushes up gold prices.
