I really don't find any reason for gold to decrease in the coming 5+ years, and I haven't found any concrete reason for it to do so, given the current sovereign monetary policies rampant in many parts of the world. Today's example- Moody's became the first ratings agency to cut Portugal's credit standing to junk. Justin Smyth wrote an article in Barron's re "Will gold follow the fall in gold stocks", but in my view the reasons for the latter are vastly different than the relentless rise in gold and silver.

If there had not been the illegal and blatant shorting by JP Morgan, Goldman Sachs etc. gold would probably now be in the $2200 area right now. If you purchase GLD or SLV exchange funds, they can't deliver physical metal to cover your buy today - there just isn't that much physical metal being produced.

Ed Steer reported today that whistle blower Andrew Maguire at King World news that the launch of the new gold and silver exchange in China will destroy the remaining gold and silver shorts. This opens a huge amount of buying gold with a click of the mouse. Also see Ed's daily Gold & Silver report for the Gold Price Oscillator. This also shows the gold-silver ratio if you are interested in silver, and if you are in agreement with the projected gold prices. The author Nick Laird over at sharelynx.com...states that gold has started the expected rally.

All these factors will be coming into play when the first bids arrive.

At this point I must warn Sculpin not to enter important data in a beer parlor as it it is of interest that the gold price over time (above) was copied from his napkin exactly! You never know who's lurking when you disclose data like that.