Gold Going Past $3000/Oz?

I don't think that you can use recent historical data for what's going on right now. What I look at is the fact that gold, silver and copper have always been money. When governments stop using precious metals as money the economy always fails and we revert to using them again. Industrial use doesn't make any difference. The use of precious metals in industrial uses is a new phenomenon, anyway. Humans have been using them for money since the beginning of civilization.

As for what's going on now, gold isn't in a bubble. It corrected. It will never be $300 per ounce again. Over the last 30 years it should have kept up with inflation. Instead, the price was artificially kept down. When the central banks couldn't keep it down, anymore, the price shot up. It's still not where it should be. I think that there will be a big run on gold and silver at some point. It will be due to more economic trouble. This time I see gold going to around $2500-$3000 and silver going to upwards of $100. Whether they can fix the problems (I have my doubts) will determine whether or not the price goes back down again. Either way, it will be time to sell. Save the proceeds for the inevitable dump in price. I expect the spot price to drop back to around where they're at now. This time the price won't stay flat for 30 years, though. It will make another run and settle much higher than it is now.

Well, I care about what "affects" my country to make gold cheap or expensive.
But, I kind of wish gold prices would "tank" to about $285.00 an Oz., so that I could buy a bunch of it....wait 30 years or so....and then cash some in.
That would be the extent of me "playing the precious metals market", as I have no interest in that whatsoever.
The six or seven gold coins that I do have, were certainly bought to enhance my collection with beautiful pieces of artwork that also has some nice value to it.....and God forbid, someday when I'm old and grey, had to sell some or all of them for "lifes costs" that are sure to come my way.
But "Bullion" used strickly as an investment tool, whether short term or long term, is not something I will ever do....or worry about.
So, if Gold tanks...or skyrockets......no matter to me.....I'll either "smile" or I'll "frown"....but that's about it !

It isn't just Comrade Obama. Governments all over the world are printing fiat money by the truckload. Gold and especially (in my opinion) silver are well worth buying even at today's higher in nominal dollar prices.

Gold flew through the $1,200 mark today! $1,208 as I speak....

I was really tempted to jump into this argument with my opinions, but I will just leave it and say that I am buying some silver on a regular basis as "insurance" against fiat money collapse and massive inflation....

Cool, I'm a christian too. I here what you're saying, and have though about that too. I'm not too worried yet as I think things still have to get a LOT more extreme, but a one world currency in my lifetime wouldn't completely shock me.

Yeah, imo there would have to be some major political changes, like the fall of several countries into the control of others.