it suggested to me that it could be very wrong to conclude that, "when the average guy on the street finally catch on the inflation it will bring a huge wave of gold buyers which will bring the gold price well beyond 3000$."

Since, most gold purchases for investment will not be from the "guy in the street", unless the guy is from Wall Street!

I agree wholeheartedly.

My take on this is that by the time the average guy on the street sees the need to buy gold it will be well out of his price range. Even for those whose finances are slightly above the man on the street $3000 for an ounce of gold will be daunting. I think the people who come to the party late will be buying the gold shares and driving up those prices. $3000 might buy 300 shares of a good company like Tyhee and not be near as intimidating as spending $3000 for an ounce of gold. Which will seem more overpriced to them?

P.