Nemo,
re: "Gold is done, it's toast."
If we were talking apples, I might agree with you. But gold is money, not apples. In an environment where the competing currencies can be debased without limit, and where that is occurring, value ultimately flows into things in which value can be preserved. That includes land, fine art, certain businesses, certain commodities and precious metals.
Where else does a person put wealth when neither his government NOR ANY OTHER can be trusted?
Gold will be "toast," as you put it, when fiat money regains peoples' confidence.
Do you have any sense that that is happening?
WHAT HAS BEEN FIXED????
No, gold is not done. It is just getting started. To believe otherwise would be to believe that the fiat money system works. And the fiat money system, in hundreds of attempts, has NEVER worked. It cannot. It plays to the greed of those who control it, and they ALWAYS fall victim to the urge to debase and debase and debase and debase and debase . . . until nothing is left.
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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