It seems Barclays disagrees with H-Rattler..Gold is a buy ,right up there with corn...

better even that it has been..

“We now expect prices to average $1,800 in the second of 2011 and $2000 in 2012,” they said.

They said investors can best position themselves with a long position in Brent crude oil futures and London Metal Exchange copper, but they said to avoid near-term volatility to buy deferred contracts. They also recommend buying corn.

Gold is also rated a buy, which continues the long position already recommended by the bank.

“Supportive factors include physical exchange-traded product flows picking up strongly on the recent worsening in financial market conditions and central banks buying gold once more. Gold also looks likely to benefit in a range of different market scenarios. If Europe’s debt problems continue to mount prices are certain to go higher, but the cure to this issue and that of lackluster growth in the U.S., looks certain to result in further currency debasement which should also prove positive for the yellow metal,” they said.

Barclays sees gold hitting $2,000 an ounce on three factors: macroeconomic insecurity on the back of heightening sovereign debt risks and credit downgrades, a sharp acceleration of broad investment demand, which was mostly absent in the first half of 2011 and central bank buying has returned and from new corners in sizeable tranches, a trend that is set to continue. “We now expect prices to average $1,800 in the second of 2011 and $2000 in 2012,” they said.

Me..I'm with Barclays..hence PDG..

Portee