Tom glad you started this thread I have posted below a post I made on the Bema thread as it is pertinent Michael I believe Ken wrote some very good info concerning gold but as I have pointed out before in this and other threads. Gold is up almost everywhere in the world for investors with the exception of U.S based currencies and ours is for sure tied to the greenback. I can't give you the url because I lost it but somewhere there is a chart showing the price of gold in the major currencies after conversion and in many gold is up significantly do to the higher value of the dollar which gold is priced in.
IMO when the greenback starts to weaken we will see a short drop in the value of gold as the hedge funds and speculators in the weaker currencies take their profits we will then see a slow rise building to a rapid rise as U.S. dollar based investors and hedge funds load up.
I for one will use the opportunity when it happens to exit gold (Producers and physical, exploration companies will always provide good returns if you pick right) forever as I see its use as a haven for safety against inflation has disappeared replaced by the U.S dollar and D.M. and the sophistication of the worlds central banks in creating and maintaining monetary policy.
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