"Jeff, why you think gold will drop to 600 - 900 next year is beyond me...."
Call it USA world domination. Since gold and paper money are no longer tied, Gold becomes the safe haven when we have a down spiraling economy.
But once the economy starts to recover, all money goes back to commodities and gold gets left behind.
I wish I could find a good chart for the price of gold over the last 100 years adjust for inflation. It would be interesting to see. I suspect there would be a bunch of spikes when major events happened like the wars, and whatever else.But still the problem lies that gold used to be tied back to the dollar and now its not so the huge spikes in the past wont really apply anymore.