Thx for the link. This is one of the best analysis on gold I have ever read. Learning from this article, that western central banks have thrown half of the gold reserves, 1,500 tons, to the market in the last 15-20 years, to surpress gold price, but gold still rised from $300 to $1200. I think even if they dare to throw the other half to the market in future, gold will still rise from $1200 to $4800, assuming the next 10 years economical situatioin stays the same as 1990, if not worse. For US, I think US's competitiveness is weakened compared to 1990. From this logic I start to understand why Rob McEwen predicted that peak gold price will reach $5000.