I've been having a debate on another thread with JBMurc on gold.
Personally I think it's going to be a fizzer and we've seen the highs for the next few years.
I reckon the stockmarkets could do well for a while and when the gold bugs, most of whom are new at the game realise what they're missing out on will jump ship and cash in their yellow metal.
Opportunity cost, insurance and safekeeping make it a risky investment and in the event of a real crisis you probably couldn't sell it, divide it into smaller pieces or eat it.
Warren Buffet agrees with me and reckons it's a waste of time. The rationale for gold bugs bullishness is the coming implosion of the $US they say.
The USA virtually paid for World War 2, Berlin Airlift and the Cold War for another 50 years all done with debt, like the stimulus.
The early '80's saw a revival of gold for a short period with investment experts imploring punters to buy gold to avoid the coming meltdown but it ended in tears.