In the comments, U.S. dollar has declined a vast amount compared to gold over time. U.S. 20 dollar bill used to be good for an ounce of gold. Shorting gold in the short term could be possibly right. Over 50 years going forward if history is any indicator, gold will be worth thousands of dollars per ounce. Kind of like the stock market. All things in the long run look good compared to dollar but we may be dead by then. I am not a bull or bear on gold. My best guess is over time for now $900. How by the way is Indian currency doing against gold and U.S. dollar? Do Indians use the value of their currency for making jewelry decisions? sam